12 unchanged sentences
under the Plans or
−Removed: January 1 –
−Removed: February 1 –
−Removed: March 1 –
+Added: April 1-30, 2023
+Added: May 1-31, 2023
+Added: June 1-30, 2023
(1) Includes shares reacquired through the withholding of shares to pay employee tax obligations upon the exercise of options or vesting of restricted shares previously granted under our long-term incentive plans.
−Removed: On July 29, 2016, our Board of Directors approved our share repurchase program pursuant to which we are authorized to repurchase up to $1,200.0 million of our outstanding shares of common stock through December 31, 2023 (the “Program”).
+Added: In July 2016, our Board of Directors approved a share repurchase program authorizing us to repurchase up to $150.0 million of our outstanding shares of common stock through July 2018 (the “Program”).
+Added: Pursuant to additional authorizations and extensions of the Program approved by our Board of Directors, we are authorized to repurchase up to $1,200.0 million of our outstanding shares of common stock through December 31, 2023.
Repurchases under the Program may be made through open market, block and privately negotiated transactions, including Rule 10b5-1 plans, at such times and in such amounts as management deems appropriate, subject to market and business conditions, regulatory requirements and other factors.
The Program does not obligate AWI to repurchase any particular amount of common stock and may be suspended or discontinued at any time without notice.
−Removed: During the three months ended March 31, 2023, we repurchased 0.4 million shares under the Program for a total cost of $27.0 million, excluding commissions and taxes, or an average price of $73.51 per share.
−Removed: Since inception and through March 31, 2023, we have repurchased 12.8 million shares under the Program for a total cost of $878.2 million, excluding commissions and taxes, or an average price of $68.80 per share.
+Added: During the three months ended June 30, 2023, we repurchased 0.4 million shares under the Program for a total cost of $30.0 million, excluding commissions and taxes, or an average price of $67.66 per share.
+Added: During the six months ended June 30, 2023, we repurchased 0.8 million shares under the Program for a total cost of $57.0 million, excluding commissions and taxes, or an average price of $70.31 per share.
+Added: Since inception and through June 30, 2023, we have repurchased 13.2 million shares under the Program for a total cost of $908.2 million, excluding commissions and taxes, or an average price of $68.76 per share.
+Added: On July 18, 2023, our Board of Directors approved an additional $500.0 million authorization for us to repurchase outstanding shares of our common stock under the Program and extended the Program to December 31, 2026, bringing the cumulative total repurchase authorization since the inception of the Program to $1,700.0 million of our outstanding shares of common stock.
DEFAULTS U PON SENIOR SECURITIES
3 unchanged sentences
The following exhibits are filed as part of this Quarterly Report on Form 10-Q:
+Added: Amended and Restated Bylaws of Armstrong World Industries, Inc.
+Added: dated April 19, 2023 is incorporated by reference from the Current Report on Form 8-K filed on April 25, 2023 wherein it appeared as Exhibit 3.1.
+Added: Form of 2023 Long-Term Time-Based Restricted Stock Unit Grant—Tier I (CEO) under the Armstrong World Industries, Inc.
+Added: Equity and Cash Incentive Plan is incorporated by reference from the Current Report on Form 8-K filed on May 2, 2023 wherein it appeared as Exhibit 10.1.*
Certification of Chief Executive Officer required by Rule 13a-14(a) or 15d-14(a) of the Securities Exchange Act.
11 unchanged sentences
Inline XBRL Taxonomy Extension Presentation Linkbase.
−Removed: The cover page from the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2023 has been formatted in Inline XBRL.
+Added: The cover page from the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2023 has been formatted in Inline XBRL.
+Added: * Management Contract or Compensatory Arrangement
Filed herewith.
8 unchanged sentences
Controller (Principal Accounting Officer)
−Removed: April 25, 2023
+Added: July 25, 2023
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.