Form 4 for AZZ AZZ INC
Accepted 2022-05-06 00:00:00 ET · period of report 2022-05-04 · accession 0000008947-22-000048 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2022-05-06 | 2022-05-04 | AZZ | Hill Gary L. | COO - Infrastructure Solutions | M - OptEx | $0.00 | +2,579 | 19.0K | +16% | $0 |
| DM | 2022-05-06 | 2022-05-04 | AZZ | Hill Gary L. | COO - Infrastructure Solutions | F - Tax | $47.67 | -849 | 18.7K | -4% | -$40.5K |
| DM | 2022-05-06 | 2022-05-04 | AZZ | Hill Gary L. | COO - Infrastructure Solutions | M - OptEx | $0.00 | -2,522 | 1,510 | -63% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | COMMON STOCK | 2022-05-04 | M | A | 48 | $0.00 | 18,530 | D | — | — | (F1) This represents the vesting of dividend equivalent rights accrued on 1,510 restricted stock units ("RSUs") granted on 5/4/2021, which AZZ has elected to pay in shares of AZZ common stock. These dividend equivalent rights vest when, and if, the underlying RSUs vest. |
| 2 | Common | COMMON STOCK | 2022-05-04 | F | D | 520 | $47.67 | 18,010 | D | — | — | (F2) The reporting person disposed of shares of AZZ common stock to satisfy tax withholding obligations. |
| 3 | Common | COMMON STOCK | 2022-05-04 | F | D | 329 | $47.67 | 18,702 | D | — | — | (F2) The reporting person disposed of shares of AZZ common stock to satisfy tax withholding obligations. |
| 4 | Common | COMMON STOCK | 2022-05-04 | M | A | 1,510 | $0.00 | 18,482 | D | — | — | |
| 5 | Common | COMMON STOCK | 2022-05-04 | M | A | 1,012 | $0.00 | 19,022 | D | — | — | |
| 6 | Common | COMMON STOCK | 2022-05-04 | M | A | 9 | $0.00 | 19,031 | D | — | — | (F3) This represents the vesting of dividend equivalent rights accrued on 1,012 RSUs granted on 5/4/2021, which AZZ has elected to pay in shares of AZZ common stock. These dividend equivalent rights vest when, and if, the underlying RSUs vest. |
| 7 | Derivative | Restricted Stock Units | 2022-05-04 | M | D | 1,012 | $0.00 | 2,025 | D | — · — to — | 1,012 COMMON STOCK | (F4) Each RSU represents a contingent right to receive one share of AZZ common stock. (F7) The RSUs are granted under AZZ's 2014 Long Term Incentive Plan and vest over a three-year period with 1/3rd of the RSUs vesting on each of the first, second and third anniversaries of the grant date beginning on 5/4/2022. (F6) Once vested, the shares of common stock are not subject to expiration. |
| 8 | Derivative | Restricted Stock Units | 2022-05-04 | M | D | 1,510 | $0.00 | 1,510 | D | — · — to — | 1,510 COMMON STOCK | (F4) Each RSU represents a contingent right to receive one share of AZZ common stock. (F5) The RSUs are granted under AZZ's 2014 Long Term Incentive Plan and vest over a three-year period with 1/3rd of the RSUs vesting on each of the first, second and third anniversaries of the grant date beginning on 5/4/2021. (F6) Once vested, the shares of common stock are not subject to expiration. |