MacNeal Brian L 4
4 · ARMSTRONG WORLD INDUSTRIES INC · Filed Apr 3, 2019
Insider Transaction Report
Form 4
Transactions
- Tax Payment
Common Stock
2019-04-01$81.17/sh−25,690$2,085,257→ 36,032 total - Exercise/Conversion
Common Stock
2019-04-01+59,500→ 61,722 total - Exercise/Conversion
Performance Based Restricted Stock Units
2019-04-01−59,500→ 59,500 total→ Common Stock (59,500 underlying)
Footnotes (5)
- [F1]Reflects the conversion of previously granted performance restricted stock units into shares of the Issuer's common stock in connection with the vesting of the units based on underlying performance metrics.
- [F2]Represents the number of shares withheld by the Issuer to satisfy the Reporting Person's tax obligations upon the vesting of performance restricted stock units granted to the Reporting Person under the Issuer's Long-Term Incentive Plan.
- [F3]Each performance restricted stock unit represents a contingent right to receive one share of Issuer's common stock.
- [F4]The performance restricted stock units were granted upon achievement of certain performance metrics pursuant to the performance-based restricted stock units granted on April 11, 2016 under the Company's Long-Term Incentive Plan. The performance period for the performance restricted stock units was April 1, 2016 to December 31, 2018, with vesting subject to approval of the performance calculation by the Management Development and Compensation Committee of the Issuer's Board of Directors. This approval was obtained on April 1, 2019.
- [F5]Not applicable.