Burge James T. 4

What Happened
James T. Burge, Vice President & Controller of Armstrong World Industries (AWI), had 639 restricted stock units (RSUs convert one-for-one to common stock) convert into 639 common shares on Feb 27, 2026. The filing reports a per-share value of $173.50, giving a gross value of about $110,867. The issuer withheld 216 shares to satisfy tax obligations (value ~ $37,476), leaving Burge with a net 423 shares (approx. $73,391 net value). This was a vesting/settlement of awards rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-27; Form 4 filed 2026-03-02 (filed within the SEC’s two-business-day window).
• RSU conversion: 639 shares at $173.50 per share → $110,867 (gross).
• Tax withholding (code F): 216 shares at $173.50 → $37,476 withheld.
• Net shares received: 423 shares (≈ $73,391).
• Footnotes: F1–F3 confirm one-for-one RSU conversion and that the RSUs were granted on March 1, 2023 with a three‑year vesting schedule; F2 explains shares were withheld to cover tax liabilities; F4 notes the derivative security price is listed as $0 in the filing.
• Shares owned after the transaction are not disclosed in the provided filing.

Context
This is an award vesting/cashless-style settlement (RSUs converting to common stock with shares withheld for taxes), a routine insider event that reflects compensation vesting rather than a market-driven buy or sell. Such filings are typically administrative and do not, by themselves, indicate the insider’s market sentiment.