Form 4: Armstrong World Industries SVP & CFO Christopher P. Calzaretta Reports Stock Transactions
SEC Form 4 Filing
Christopher P. Calzaretta, SVP & CFO of Armstrong World Industries, reports the conversion of performance-based restricted stock units and shares withheld for tax obligations.
Summary
- On April 4, 2024, Christopher P. Calzaretta, the SVP & CFO of Armstrong World Industries, engaged in transactions involving the company's common stock.
- He converted 1,256 performance-based restricted stock units into shares of common stock at a price of $0.
- Additionally, 359 shares were withheld by Armstrong World Industries to cover Mr. Calzaretta's tax obligations at a price of $120.4 per share.
- Following these transactions, Mr. Calzaretta directly owns 1,959 shares of Armstrong World Industries common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, which carries a neutral sentiment. It reflects routine compensation-related activities.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.
Stakeholder Impact
- The transactions may have a minor impact on shareholders by slightly increasing the number of outstanding shares.
Key Dates
| Date | Description |
|---|---|
| February 24, 2021 | Performance restricted stock units were granted under the 2016 Long-Term Incentive Plan. |
| January 1, 2021 to December 31, 2023 | Performance period for the performance restricted stock units. |
| April 4, 2024 | Date of stock unit conversion and tax withholding. |
| April 4, 2024 | Achievement of performance conditions was certified by the Management Development and Compensation Committee. |
| April 5, 2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.