Form 4 for AZZ AZZ INC
Accepted 2023-05-08 00:00:00 ET · period of report 2023-05-04 · accession 0000008947-23-000064 · 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 | 2023-05-08 | 2023-05-04 | AZZ | Stovall Bryan Lee | COO - Metal Coatings | F - Tax | $36.30 | -1,779 | 29.3K | -6% | -$64.6K |
| DM | 2023-05-08 | 2023-05-04 | AZZ | Stovall Bryan Lee | COO - Metal Coatings | M - OptEx | $0.00 | +5,659 | 31.2K | +22% | $0 |
| DM | 2023-05-08 | 2023-05-04 | AZZ | Stovall Bryan Lee | COO - Metal Coatings | M - OptEx | $0.00 | -5,426 | 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 | 2023-05-04 | F | D | 597 | $36.30 | 30,580 | D | — | — | (F2) The reporting person disposed of common stock to satisfy tax withholding obligations. |
| 2 | Common | COMMON STOCK | 2023-05-04 | M | A | 2,392 | $0.00 | 32,972 | D | — | — | (F4) This number represents the number of shares issued to the Reporting Person based upon the achievement of 66% of the pre-established performance goals over the three-year performance cycle. This target PSU award was previously granted on 5/4/2020. |
| 3 | Common | COMMON STOCK | 2023-05-04 | M | A | 115 | $0.00 | 33,087 | D | — | — | (F5) Represents the vesting of dividend equivalent rights on performance shares units (PSUs) granted on 5/4/2020, which AZZ has elected to pay in shares of AZZ common stock. |
| 4 | Common | COMMON STOCK | 2023-05-04 | F | D | 789 | $36.30 | 32,298 | D | — | — | (F2) The reporting person disposed of common stock to satisfy tax withholding obligations. |
| 5 | Common | COMMON STOCK | 2023-05-04 | M | A | 1,221 | $0.00 | 29,639 | D | — | — | |
| 6 | Common | COMMON STOCK | 2023-05-04 | M | A | 31 | $0.00 | 29,670 | D | — | — | (F1) Represent the vesting of dividend equivalent rights on restricted stock units (RSUs) granted on 5/4/2020, which AZZ has elected to pay in shares of AZZ common stock. |
| 7 | Common | COMMON STOCK | 2023-05-04 | F | D | 393 | $36.30 | 29,277 | D | — | — | (F2) The reporting person disposed of common stock to satisfy tax withholding obligations. |
| 8 | Common | COMMON STOCK | 2023-05-04 | M | A | 1,813 | $0.00 | 31,090 | D | — | — | |
| 9 | Common | COMMON STOCK | 2023-05-04 | M | A | 87 | $0.00 | 31,177 | D | — | — | (F3) Represents the vesting of dividend equivalent rights on RSUs granted on 5/4/2021, which AZZ has elected to pay in shares of AZZ common stock. |
| 10 | Derivative | Performance Share Units | 2023-05-04 | M | D | 2,392 | $0.00 | 0 | D | — · — to — | 2,392 COMMON STOCK | (F10) Each Performance Share Unit ("PSU") represents a contingent right to receive shares of AZZ common stock with the actual number varying based on achieved results. (F11) The PSUs were granted under AZZ's 2014 Long Term Incentive Plan (the "2014 Plan") and had a three-year performance cycle (3/1/2020 - 2/28/2023). (F8) Once vested, the shares of common stock are not subject to expiration. |
| 11 | Derivative | Restricted Stock Units | 2023-05-04 | M | D | 1,813 | $0.00 | 0 | D | — · — to — | 1,813 COMMON STOCK | (F6) Each RSU represents a contingent right to receive one share of AZZ common stock. (F9) The RSUs granted on 5/4/2021, vest ratably over a 3-year period beginning on 5/4/2022. (F8) Once vested, the shares of common stock are not subject to expiration. |
| 12 | Derivative | Restricted Stock Units | 2023-05-04 | M | D | 1,221 | $0.00 | 0 | D | — · — to — | 1,221 COMMON STOCK | (F6) Each RSU represents a contingent right to receive one share of AZZ common stock. (F7) The RSUs granted on 5/4/2020, vest ratably over a 3-year period beginning on 5/4/2021. (F8) Once vested, the shares of common stock are not subject to expiration. |