diff --git a/awx/ui/src/components/Lookup/ExecutionEnvironmentLookup.js b/awx/ui/src/components/Lookup/ExecutionEnvironmentLookup.js
index 52a4aab23b..52b8263088 100644
--- a/awx/ui/src/components/Lookup/ExecutionEnvironmentLookup.js
+++ b/awx/ui/src/components/Lookup/ExecutionEnvironmentLookup.js
@@ -24,9 +24,7 @@ function ExecutionEnvironmentLookup({
   id,
   globallyAvailable,
   helperTextInvalid,
-  isDefaultEnvironment,
   isDisabled,
-  isGlobalDefaultEnvironment,
   isValid,
   onBlur,
   onChange,
@@ -37,9 +35,9 @@ function ExecutionEnvironmentLookup({
   validate,
   value,
   fieldName,
+  overrideLabel,
 }) {
   const location = useLocation();
-
   const {
     request: fetchProject,
     error: fetchProjectError,
@@ -198,15 +196,9 @@ function ExecutionEnvironmentLookup({
     </>
   );
 
-  const renderLabel = (
-    globalDefaultEnvironment,
-    defaultExecutionEnvironment
-  ) => {
-    if (globalDefaultEnvironment) {
-      return t`Global Default Execution Environment`;
-    }
-    if (defaultExecutionEnvironment) {
-      return t`Default Execution Environment`;
+  const renderLabel = () => {
+    if (overrideLabel) {
+      return null;
     }
     return t`Execution Environment`;
   };
@@ -214,7 +206,7 @@ function ExecutionEnvironmentLookup({
   return (
     <FormGroup
       fieldId={id}
-      label={renderLabel(isGlobalDefaultEnvironment, isDefaultEnvironment)}
+      label={renderLabel()}
       labelIcon={popoverContent && <Popover content={popoverContent} />}
       helperTextInvalid={helperTextInvalid}
       validated={isValid ? 'default' : 'error'}
@@ -235,24 +227,22 @@ ExecutionEnvironmentLookup.propTypes = {
   value: ExecutionEnvironment,
   popoverContent: string,
   onChange: func.isRequired,
-  isDefaultEnvironment: bool,
-  isGlobalDefaultEnvironment: bool,
   projectId: oneOfType([number, string]),
   organizationId: oneOfType([number, string]),
   validate: func,
   fieldName: string,
+  overrideLabel: bool,
 };
 
 ExecutionEnvironmentLookup.defaultProps = {
   id: 'execution-environments',
   popoverContent: '',
-  isDefaultEnvironment: false,
-  isGlobalDefaultEnvironment: false,
   value: null,
   projectId: null,
   organizationId: null,
   validate: () => undefined,
   fieldName: 'execution_environment',
+  overrideLabel: false,
 };
 
 export default ExecutionEnvironmentLookup;
diff --git a/awx/ui/src/components/Lookup/ExecutionEnvironmentLookup.test.js b/awx/ui/src/components/Lookup/ExecutionEnvironmentLookup.test.js
index d110059a9b..ea6c82df81 100644
--- a/awx/ui/src/components/Lookup/ExecutionEnvironmentLookup.test.js
+++ b/awx/ui/src/components/Lookup/ExecutionEnvironmentLookup.test.js
@@ -54,7 +54,6 @@ describe('ExecutionEnvironmentLookup', () => {
       wrapper = mountWithContexts(
         <Formik>
           <ExecutionEnvironmentLookup
-            isDefaultEnvironment
             value={executionEnvironment}
             onChange={() => {}}
           />
@@ -64,12 +63,9 @@ describe('ExecutionEnvironmentLookup', () => {
     wrapper.update();
     expect(ExecutionEnvironmentsAPI.read).toHaveBeenCalledTimes(1);
     expect(wrapper.find('ExecutionEnvironmentLookup')).toHaveLength(1);
-    expect(
-      wrapper.find('FormGroup[label="Default Execution Environment"]').length
-    ).toBe(1);
     expect(
       wrapper.find('FormGroup[label="Execution Environment"]').length
-    ).toBe(0);
+    ).toBe(1);
   });
 
   test('should fetch execution environments', async () => {
diff --git a/awx/ui/src/components/Lookup/Lookup.js b/awx/ui/src/components/Lookup/Lookup.js
index 4449cc85ea..357b607d6a 100644
--- a/awx/ui/src/components/Lookup/Lookup.js
+++ b/awx/ui/src/components/Lookup/Lookup.js
@@ -54,7 +54,6 @@ function Lookup(props) {
   } = props;
   const [typedText, setTypedText] = useState('');
   const debounceRequest = useDebounce(onDebounce, 1000);
-
   useField({
     name: fieldName,
     validate: (val) => {
@@ -79,6 +78,8 @@ function Lookup(props) {
     dispatch({ type: 'SET_VALUE', value });
     if (value?.name) {
       setTypedText(value.name);
+    } else {
+      setTypedText('');
     }
   }, [value, multiple]);
 
diff --git a/awx/ui/src/screens/Setting/MiscSystem/MiscSystemEdit/MiscSystemEdit.js b/awx/ui/src/screens/Setting/MiscSystem/MiscSystemEdit/MiscSystemEdit.js
index 37cc5ddce2..31d3dc14e7 100644
--- a/awx/ui/src/screens/Setting/MiscSystem/MiscSystemEdit/MiscSystemEdit.js
+++ b/awx/ui/src/screens/Setting/MiscSystem/MiscSystemEdit/MiscSystemEdit.js
@@ -1,6 +1,5 @@
 import React, { useCallback, useEffect } from 'react';
 import { useHistory } from 'react-router-dom';
-import { t } from '@lingui/macro';
 import { Formik } from 'formik';
 import { Form } from '@patternfly/react-core';
 import { CardBody } from 'components/Card';
@@ -8,7 +7,6 @@ import ContentError from 'components/ContentError';
 import ContentLoading from 'components/ContentLoading';
 import { FormSubmitError } from 'components/FormField';
 import { FormColumnLayout } from 'components/FormLayout';
-import { ExecutionEnvironmentLookup } from 'components/Lookup';
 import { useSettings } from 'contexts/Settings';
 import useModal from 'hooks/useModal';
 import useRequest from 'hooks/useRequest';
@@ -16,6 +14,7 @@ import { SettingsAPI, ExecutionEnvironmentsAPI } from 'api';
 import {
   BooleanField,
   EncryptedField,
+  ExecutionEnvField,
   InputField,
   ObjectField,
   RevertAllAlert,
@@ -174,32 +173,9 @@ function MiscSystemEdit() {
                   name="ACTIVITY_STREAM_ENABLED_FOR_INVENTORY_SYNC"
                   config={system.ACTIVITY_STREAM_ENABLED_FOR_INVENTORY_SYNC}
                 />
-                <ExecutionEnvironmentLookup
-                  helperTextInvalid={
-                    formik.errors.DEFAULT_EXECUTION_ENVIRONMENT
-                  }
-                  isValid={
-                    !formik.touched.DEFAULT_EXECUTION_ENVIRONMENT ||
-                    !formik.errors.DEFAULT_EXECUTION_ENVIRONMENT
-                  }
-                  onBlur={() =>
-                    formik.setFieldTouched('DEFAULT_EXECUTION_ENVIRONMENT')
-                  }
-                  value={formik.values.DEFAULT_EXECUTION_ENVIRONMENT}
-                  onChange={(value) => {
-                    formik.setFieldValue(
-                      'DEFAULT_EXECUTION_ENVIRONMENT',
-                      value
-                    );
-                    formik.setFieldTouched(
-                      'DEFAULT_EXECUTION_ENVIRONMENT',
-                      true,
-                      false
-                    );
-                  }}
-                  popoverContent={t`The Execution Environment to be used when one has not been configured for a job template.`}
-                  isGlobalDefaultEnvironment
-                  fieldName="DEFAULT_EXECUTION_ENVIRONMENT"
+                <ExecutionEnvField
+                  name="DEFAULT_EXECUTION_ENVIRONMENT"
+                  config={system.DEFAULT_EXECUTION_ENVIRONMENT}
                 />
                 <InputField
                   name="TOWER_URL_BASE"
diff --git a/awx/ui/src/screens/Setting/shared/SharedFields.js b/awx/ui/src/screens/Setting/shared/SharedFields.js
index 5d1f37a03c..887547186b 100644
--- a/awx/ui/src/screens/Setting/shared/SharedFields.js
+++ b/awx/ui/src/screens/Setting/shared/SharedFields.js
@@ -17,6 +17,7 @@ import FileUploadIcon from '@patternfly/react-icons/dist/js/icons/file-upload-ic
 import { ExclamationCircleIcon as PFExclamationCircleIcon } from '@patternfly/react-icons';
 import styled from 'styled-components';
 import AnsibleSelect from 'components/AnsibleSelect';
+import { ExecutionEnvironmentLookup } from 'components/Lookup';
 import CodeEditor from 'components/CodeEditor';
 import { PasswordInput } from 'components/FormField';
 import { FormFullWidthLayout } from 'components/FormLayout';
@@ -229,6 +230,35 @@ EncryptedField.propTypes = {
   config: shape({}).isRequired,
 };
 
+const ExecutionEnvField = ({ name, config, isRequired = false }) => {
+  const [field, meta, helpers] = useField({ name });
+  return config ? (
+    <SettingGroup
+      defaultValue={config.default ?? ''}
+      fieldId={name}
+      helperTextInvalid={meta.error}
+      isRequired={isRequired}
+      label={config.label}
+      popoverContent={config.help_text}
+      isDisabled={field.value === null}
+      onRevertCallback={() => helpers.setValue(config.default)}
+    >
+      <ExecutionEnvironmentLookup
+        value={field.value}
+        onChange={(value) => {
+          helpers.setValue(value, false);
+        }}
+        overrideLabel
+        fieldName={name}
+      />
+    </SettingGroup>
+  ) : null;
+};
+ExecutionEnvField.propTypes = {
+  name: string.isRequired,
+  config: shape({}).isRequired,
+};
+
 const InputAlertField = ({ name, config }) => {
   const [field, meta] = useField({ name });
   const isValid = !(meta.touched && meta.error);
@@ -341,7 +371,6 @@ const InputField = ({ name, config, type = 'text', isRequired = false }) => {
   ];
   const [field, meta] = useField({ name, validate: combine(validators) });
   const isValid = !(meta.touched && meta.error);
-
   return config ? (
     <SettingGroup
       defaultValue={config.default ?? ''}
@@ -517,6 +546,7 @@ export {
   BooleanField,
   ChoiceField,
   EncryptedField,
+  ExecutionEnvField,
   FileUploadField,
   InputField,
   ObjectField,
diff --git a/awx/ui/src/screens/Setting/shared/index.js b/awx/ui/src/screens/Setting/shared/index.js
index 6144ee033a..113535b346 100644
--- a/awx/ui/src/screens/Setting/shared/index.js
+++ b/awx/ui/src/screens/Setting/shared/index.js
@@ -5,6 +5,7 @@ export {
   BooleanField,
   ChoiceField,
   EncryptedField,
+  ExecutionEnvField,
   InputField,
   ObjectField,
   InputAlertField,