Form 4 for AZZ AZZ INC
Accepted 2022-05-06 00:00:00 ET · period of report 2022-05-04 · accession 0000008947-22-000052 · 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 | Stovall Bryan Lee | COO - Metal Coatings | M - OptEx | $0.00 | +4,612 | 19.9K | +30% | $0 |
| DM | 2022-05-06 | 2022-05-04 | AZZ | Stovall Bryan Lee | COO - Metal Coatings | F - Tax | $47.67 | -1,503 | 18.7K | -7% | -$71.6K |
| DM | 2022-05-06 | 2022-05-04 | AZZ | Stovall Bryan Lee | COO - Metal Coatings | M - OptEx | $0.00 | -4,528 | 1,812 | -71% | $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 | 1,812 | $0.00 | 19,228 | D | — | — | |
| 2 | Common | COMMON STOCK | 2022-05-04 | M | A | 1,495 | $0.00 | 17,889 | D | — | — | |
| 3 | Common | COMMON STOCK | 2022-05-04 | M | A | 14 | $0.00 | 17,903 | D | — | — | (F1) This represents the vesting of dividend equivalent rights accrued on 1,495 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. |
| 4 | Common | COMMON STOCK | 2022-05-04 | F | D | 487 | $47.67 | 17,416 | D | — | — | (F2) The reporting person disposed of shares of common stock to satisfy tax withholding obligations. |
| 5 | Common | COMMON STOCK | 2022-05-04 | F | D | 398 | $47.67 | 19,503 | D | — | — | (F2) The reporting person disposed of shares of common stock to satisfy tax withholding obligations. |
| 6 | Common | COMMON STOCK | 2022-05-04 | M | A | 58 | $0.00 | 19,286 | D | — | — | (F3) This represents the vesting of dividend equivalent rights accrued on 1,812 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 | Common | COMMON STOCK | 2022-05-04 | F | D | 618 | $47.67 | 18,668 | D | — | — | (F2) The reporting person disposed of shares of common stock to satisfy tax withholding obligations. |
| 8 | Common | COMMON STOCK | 2022-05-04 | M | A | 1,221 | $0.00 | 19,889 | D | — | — | |
| 9 | Common | COMMON STOCK | 2022-05-04 | M | A | 12 | $0.00 | 19,901 | D | — | — | (F4) This represents the vesting of dividend equivalent rights accrued on 1,221 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. |
| 10 | Derivative | Restricted Stock Units | 2022-05-04 | M | D | 1,495 | $0.00 | 0 | D | — · — to — | 1,495 COMMON STOCK | (F5) Each RSU represents a contingent right to receive one share of AZZ common stock. (F6) Mr. Stovall was granted a special one-time equity award on May 2021 that will cliff vest in full one year from the date of grant. (F7) Once vested, the shares of common stock are not subject to expiration. |
| 11 | Derivative | Restricted Stock Units | 2022-05-04 | M | D | 1,221 | $0.00 | 2,442 | D | — · — to — | 1,221 COMMON STOCK | (F5) Each RSU represents a contingent right to receive one share of AZZ common stock. (F9) 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. (F7) Once vested, the shares of common stock are not subject to expiration. |
| 12 | Derivative | Restricted Stock Units | 2022-05-04 | M | D | 1,812 | $0.00 | 1,812 | D | — · — to — | 1,812 COMMON STOCK | (F5) Each RSU represents a contingent right to receive one share of AZZ common stock. (F8) 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. (F7) Once vested, the shares of common stock are not subject to expiration. |