Form 4 for AZZ AZZ INC
Accepted 2022-05-24 00:00:00 ET · period of report 2022-05-22 · accession 0000008947-22-000067 · 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 | 2022-05-24 | 2022-05-22 | AZZ | Hill Gary L. | COO - Infrastructure Solutions | F - Tax | $43.43 | -1,822 | 21.8K | -8% | -$79.1K |
| DM | 2022-05-24 | 2022-05-22 | AZZ | Hill Gary L. | COO - Infrastructure Solutions | M - OptEx | $0.00 | +5,636 | 23.1K | +32% | $0 |
| DM | 2022-05-24 | 2022-05-22 | AZZ | Hill Gary L. | COO - Infrastructure Solutions | M - OptEx | $0.00 | -5,378 | 0 | -100% | $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 | 2022-05-22 | F | D | 324 | $43.43 | 22,516 | D | — | — | (F4) The reporting person disposed of 324 shares of common stock to satisfy tax withholding obligations. |
| 2 | Common | COMMON STOCK | 2022-05-22 | M | A | 46 | $0.00 | 22,840 | D | — | — | (F3) Represents the vesting of dividend equivalent rights accrued on 957 restricted stock units ("RSUs") granted on 5/22/2019, which AZZ has elected to pay in shares of AZZ common stock. |
| 3 | Common | COMMON STOCK | 2022-05-22 | M | A | 957 | $0.00 | 22,794 | D | — | — | |
| 4 | Common | COMMON STOCK | 2022-05-22 | F | D | 1,498 | $43.43 | 21,837 | D | — | — | (F2) The reporting person disposed of 1,498 shares of common stock to satisfy tax withholding obligations. |
| 5 | Common | COMMON STOCK | 2022-05-22 | M | A | 212 | $0.00 | 23,335 | D | — | — | (F1) Represents the vesting of dividend equivalent rights accrued on 2,871 performance share units ("PSUs") granted on 5/22/2019, which AZZ has elected to pay in shares of AZZ common stock. |
| 6 | Common | COMMON STOCK | 2022-05-22 | M | A | 4,421 | $0.00 | 23,123 | D | — | — | |
| 7 | Derivative | Restricted Stock Units | 2022-05-22 | M | D | 957 | $0.00 | 0 | D | — · — to — | 957 COMMON STOCK | (F9) Each RSU represents a contingent right to receive one share of AZZ common stock. (F10) The RSUs were granted under the 2014 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, which was 5/22/2019. (F8) Once vested, the shares of common stock are not subject to expiration. |
| 8 | Derivative | Performance Share Units | 2022-05-22 | M | D | 4,421 | $0.00 | 0 | D | — · — to — | 4,421 COMMON STOCK | (F6) Represents the number of shares acquired by the reporting person upon the vesting of PSUs granted on 5/22/2019. This number represents 2,871 target PSUs and 1,550 additional PSUs earned based upon the achievement of 154% of pre-established performance goals during the performance cycle. (F5) Each PSU represents a contingent right to receive shares of AZZ common stock with the actual number varying based on achieved results. (F7) The PSUs were granted under AZZ's 2014 Long Term Incentive Plan (the "2014 Plan") and had a three-year performance cycle (3/1/2019- 2/28/2022). (F8) Once vested, the shares of common stock are not subject to expiration. |