Shurts Wayne 4

What Happened

• Wayne Shurts, a director of Armstrong World Industries (AWI), was granted 876 restricted stock units (RSUs) on June 12, 2026. The units were reported as an award (code A) with an acquisition price of $0.00. The grant-date fair value was calculated using AWI’s closing price of $154.21, giving a total grant value of approximately $135,088 (876 × $154.21).
• This was an equity award (part of the nonemployee director compensation program), not an open-market purchase or sale.

Key Details

• Transaction date: June 12, 2026; Filing date: June 15, 2026.
• Transaction type/code: Award of restricted stock units (A); acquisition price $0.00.
• Grant amount: 876 RSUs; Grant-date fair value: $154.21 per share; total ≈ $135,087.96.
• Vesting/terms: Units vest (if the director remains in service) on the earlier of (i) the next annual shareholders meeting, (ii) the director’s death or total/permanent disability, or (iii) a Change in Control. Vested units are not automatically acquirable — the director may elect to acquire them at the vesting date or upon termination of service (see footnotes F1 and F3).
• Shares owned after the transaction: Not specified in the provided summary (the filing notes it includes vested and unvested units but does not list a total holding here).
• Additional items: Grant represents the annual equity portion of the director retainer (F2). See Exhibit 24 (Power of Attorney) noted in the filing.
• Timeliness: Filed three days after the grant (June 15 vs. June 12). Form 4s are generally due within two business days of the transaction; investors may want to confirm timeliness in the full filing.

Context

• RSU grants to non-employee directors are common as part of regular compensation and are non-cash awards that vest over time or on specific triggers. They do not reflect an open-market purchase signal by the insider.
• The award increases the director’s potential future share ownership if and when the RSUs vest and the director elects to acquire them.