JOHNSTON MICHAEL F 4
4 · Armstrong Flooring, Inc. · Filed Jun 8, 2021
Insider Transaction Report
Form 4
JOHNSTON MICHAEL F
Director
Transactions
- Award
Common Stock
2021-06-07+18,229→ 143,178 total
Footnotes (2)
- [F1]Restricted stock units granted under the Issuer's Amended and Restated Armstrong Flooring, Inc. 2016 Directors Stock Unit Plan and as part of the Issuer's Nonemployee Director Compensation Program. Each unit represents the Reporting Person's right to receive one share of the Issuer's Common Stock. 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 stockholders meeting; (ii) the death or total and permanent disability of the Director; or (iii) the date of any Change in Control Event (as defined in the Plan). Vested units will be acquirable by the Director, at the election of the Director: (i) on the date of the next annual stockholders meeting or (ii) at the time of the Director's separation from service.
- [F2]Includes 124,949 vested units that are not yet acquirable by the Director per prior deferral elections by the Director under the terms of the Amended and Restated Armstrong Flooring, Inc. 2016 Directors Stock Unit Plan.