AMERICAN WOODMARK (NASDAQ: AMWD) CEO gains 11,798 performance-based shares in equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
AMERICAN WOODMARK CORP President & CEO Michael Scott Culbreth reported an equity award. He acquired 11,798 shares of common stock at no cost through the achievement of performance conditions on cultural-based restricted stock units originally granted on June 1, 2023. These units remain subject to an additional service-based vesting requirement that expires on June 1, 2026. After this award, he directly holds 150,926 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Culbreth Michael Scott
Role
PRESIDENT & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 11,798 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 150,926 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares acquired: 11,798 shares
Price per share: $0.00 per share
Shares held after transaction: 150,926 shares
+2 more
5 metrics
Shares acquired
11,798 shares
Common stock granted via cultural-based restricted stock units
Price per share
$0.00 per share
Grant or award acquisition on the transaction date
Shares held after transaction
150,926 shares
Direct ownership following the Form 4-reported award
Original RSU grant date
June 1, 2023
Date cultural-based restricted stock units were originally awarded
Service vesting end date
June 1, 2026
Expiration of additional service-based vesting requirement
Key Terms
restricted stock units, performance conditions, service-based vesting requirement, grant, award, or other acquisition
4 terms
restricted stock units financial
"Reflects the achievement of the performance conditions applicable to cultural-based restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
performance conditions financial
"Reflects the achievement of the performance conditions applicable to cultural-based restricted stock units"
service-based vesting requirement financial
"These restricted stock units are subject to an additional service-based vesting requirement, which will expire on June 1, 2026."
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What did AMWD CEO Michael Scott Culbreth report on this Form 4?
He reported acquiring 11,798 shares of AMWD common stock at no cost. The shares relate to cultural-based restricted stock units whose performance conditions were achieved, with remaining service-based vesting through June 1, 2026.
What type of transaction is reported for AMWD’s CEO on this Form 4?
The filing shows a grant or award acquisition of common stock, coded as an “A” transaction. It is compensation-related, arising from cultural-based restricted stock units whose performance criteria have been satisfied.