TEMPLIN ROY W 4
4 · ARMSTRONG WORLD INDUSTRIES INC · Filed Jun 15, 2026
Research Summary
AI-generated summary of this filing
Armstrong World (AWI) Director Roy Templin Receives Award
What Happened
Roy W. Templin, a director of Armstrong World Industries (AWI), was granted 1,265 restricted stock units (RSUs) on June 12, 2026. The units were granted at $0.00 acquisition price (standard for RSU awards); the grant-date fair value using AWI’s closing share price of $154.21 is approximately $195,076. This is an equity compensation award (not an open-market purchase or sale).
Key Details
- Transaction date: 2026-06-12 (reported on Form 4 filed 2026-06-15). Filing appears timely.
- Transaction type: Award/Grant (code A). Acquisition price listed as $0.00; grant-date fair value ≈ $154.21 × 1,265 = $195,075.65.
- Shares owned after transaction: Not specified in the provided filing details.
- Vesting and post-grant terms: RSUs granted under the 2016 Directors Stock Unit Plan; vest (subject to continued service) on the earlier of (i) next annual shareholders meeting after grant, (ii) director’s death or total permanent disability, or (iii) a Change in Control. Vested units are not automatically acquirable until the director elects to acquire them at vesting or upon termination of service. (See filing footnotes F1, F2, F3.)
- No 10b5-1 plan, tax-withholding sale, or immediate cashless sale noted — this is a standard director retainer equity grant.
Context: This is routine director compensation (annual RSU retainer) rather than a purchase or sale indicating a trading decision. RSU awards increase a director’s potential future ownership if and when they vest and are acquired; they do not represent immediately tradable shares unless and until the director elects to acquire vested units.
Insider Transaction Report
- Award
Common Stock
[F1][F2][F3]2026-06-12+1,265→ 20,716 total
Footnotes (3)
- [F1]Restricted stock units granted under the 2016 Directors Stock Unit Plan (the "2016 Plan"), and as part of the Issuer's nonemployee Director Compensation Program. The units vest (contingent upon the Director's continued service as of such date) on the earlier of (i) the date of the next annual shareholders meeting following the grant; (ii) the death or total and permanent disability of the Director; or (iii) the date of any Change in Control (as defined in the 2016 Plan). Vested units will be acquirable by the Director, at the election of the Director: (i) at the vesting of the units on the date of the next annual shareholders meeting following the grant or (ii) at the time of the Director's termination of service.
- [F2]Represents an annual grant of restricted stock units as the equity portion of the Director's retainer for Board service under the Issuer's nonemployee Director Compensation Program. The grant date fair value of the units is calculated under the Financial Accounting Standards Board's Accounting Standards Codification Topic 718 using the closing stock price of the Issuer's common shares on June 12, 2026, which price was $154.21.
- [F3]Includes vested and unvested units as well as units not yet acquirable by the Director. Under the terms of the 2016 Plan, vested units under the 2016 Plan are not acquirable by the Director until, at the election of the Director: (i) the vesting of the units on the date of the next annual shareholders meeting following the grant or (ii) the time of the Director's termination of service.