Hershey Mark A 4
4 · ARMSTRONG WORLD INDUSTRIES INC · Filed Apr 21, 2022
Insider Transaction Report
Form 4
Hershey Mark A
SVP & Chief Operating Officer
Transactions
- Exercise/Conversion
Common Stock
2022-04-19+2,416→ 47,469 total - Tax Payment
Common Stock
2022-04-19$92.81/sh−1,051$97,543→ 46,418 total - Sale
Common Stock
2022-04-21$95.11/sh−1,365$129,825→ 45,053 total - Exercise/Conversion
Performance Based Restricted Stock Units
2022-04-19−2,416→ 0 total→ Common Stock (2,416 underlying)
Footnotes (6)
- [F1]Reflects the conversion of previously granted performance restricted stock units into shares of 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 2016 Long-Term Incentive Plan.
- [F3]Sale pursuant to a Rule 10b5-1 Plan adopted by the Reporting Person on November 19, 2021.
- [F4]Each performance restricted stock unit represents a contingent right to receive one share of Issuer's common stock.
- [F5]The performance restricted stock units were granted on February 26, 2019, under the 2016 Long-Term Incentive Plan of the Issuer. The performance period for the performance restricted stock units was January 1, 2019 to December 31, 2021, with vesting subject to achievement and certification of pre-established performance conditions. Achievement of the performance conditions was certified by the Management Development and Compensation Committee of the Board of Directors of the Issuer on April 19, 2022.
- [F6]Not applicable.