He won against Garcia in a main event match while Wardlow had a 1 min squash match against JD Drake
Hangman is 3rd...
https://www.allelitewrestling.com/post/official-aew-rankings-as-of-june-3-2022
For the record I'm not that into the rankings, I saw it before when WWE did it like 10 years ago and for me it takes some of the fun out of not knowing if someone new is going to turn up and go right for the titles.
Obviously you can play the system a bit like having Moxley beat someone much more impressive than Wardlow and suddenly he's at the top because you want that marquee match of Moxley and Tanahashi they've been teasing 2 years. And because they dont want Wardlow to go win the title already and if he loses his gimmick loses some steam ala Goldberg. But yeah I wouldnt be upset if they stopped using a ranking system, but in this particular case what happened does align with how they talked about the ranking system before. That quality of opponents is important too