Form 4: American Woodmark SVP & CFO Paul Joachimczyk Reports Changes in Beneficial Ownership

Paul Joachimczyk, SVP & CFO of American Woodmark Corp, reports the acquisition of common stock due to the vesting of restricted stock units.

Summary

• On May 21, 2024, Paul Joachimczyk, SVP & CFO of American Woodmark Corp, reported changes in beneficial ownership of the company's common stock.
• The reported transactions involve the acquisition of common stock due to the vesting of restricted stock units.
• These restricted stock units were originally awarded on June 2, 2021, June 1, 2022, and June 1, 2023, and are subject to service-based vesting requirements expiring on June 2, 2024, June 1, 2025 and June 1, 2026 respectively.
• Mr. Joachimczyk acquired 885 shares related to cultural-based restricted stock units awarded on June 2, 2021.
• He also acquired 746 shares related to performance-based restricted stock units awarded on June 2, 2021.
• Additionally, he acquired 1,926 shares related to performance-based restricted stock units awarded on June 1, 2022.
• Finally, he acquired 2,022 shares related to performance-based restricted stock units awarded on June 1, 2023.
• Following these transactions, Mr. Joachimczyk beneficially owns 22,612 shares of American Woodmark Corp common stock.

Sentiment

Score: 6

Explanation: The document is a standard SEC filing related to stock ownership changes. The vesting of restricted stock units suggests the achievement of performance goals, which is mildly positive.

Positives

• The vesting of restricted stock units indicates that performance conditions were met, which could be seen as a positive signal.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The vesting of restricted stock units is a common form of executive compensation.

Stakeholder Impact

• The increased ownership by a key executive could be viewed positively by shareholders.

Key Dates