AWI ARMSTRONG WORLD INDUSTRIES INC

Did the company actually spend money buying back stock in 3+ of the last 4 quarters?

Bought back stock in 4/4 quarters. Q3 2025: $15M, Q2 2025: $10M, Q1 2025: $15M, Q3 2024: $40M

Is the most recent quarter's buyback spend more than 15% above the trailing average?

Latest quarter $15M vs trailing avg $22M (-31%)

What percentage of free cash flow is going to buybacks? Bull: 30-80%. Bear: <10% or >80%.

Negative FCF ($-2M), cannot compute buyback ratio

How fast are they shrinking the float? Bull: 2%+ annually. Bear: under 0.5%.

Missing shares repurchased or outstanding data

Are officers and directors buying stock with their own money on the open market?

1 open-market purchase by TEMPLIN ROY W

• TEMPLIN ROY W () bought 575 shares at $173.91 on 2026-02-27

Are insider purchases happening during the same quarters the company is actively buying back stock?

Insider buying coincided with company buybacks in 0 of 4 quarters

Looking at all open-market transactions, are insiders net buyers or net sellers?

Insiders bought $0M, sold $651M (net selling)

Active buyback + insiders net selling 3x+ more than buying. Company cash may be supporting price while insiders exit.

Company buying back stock while insiders sold 6505.2x more than bought. 3 C-suite officers among sellers

• Grizzle Victor (CEO) sold 22,914 shares on 2023-12-28
• Grizzle Victor (CEO) sold 25,689 shares on 2022-12-27
• Grizzle Victor (CEO) sold 19,909 shares on 2021-12-16
• Grizzle Victor (CEO) sold 4,970 shares on 2021-12-16
• Grizzle Victor (CEO) sold 5,769 shares on 2021-12-16
• Grizzle Victor (CEO) sold 700 shares on 2021-12-16
• MacNeal Brian L (CFO) sold 5,000 shares on 2021-05-03
• McNamara Stephen F (Vice President and Controller) sold 3,532 shares on 2021-03-08
• McNamara Stephen F (Vice President and Controller) sold 4,634 shares on 2021-03-08
• McNamara Stephen F (Vice President and Controller) sold 979 shares on 2021-03-08