Form 4 for AZZ AZZ INC
Accepted 2023-05-16 00:00:00 ET · period of report 2023-05-12 · accession 0000008947-23-000083 · 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 | 2023-05-16 | 2023-05-12 | AZZ | Russell Kurt L. | COO - Precoat Metals | M - OptEx | $0.00 | +15.1K | 18.0K | +525% | $0 |
| D | 2023-05-16 | 2023-05-12 | AZZ | Russell Kurt L. | COO - Precoat Metals | F - Tax | $35.70 | -4,710 | 13.4K | -26% | -$168.1K |
| D | 2023-05-16 | 2023-05-12 | AZZ | Russell Kurt L. | COO - Precoat Metals | M - OptEx | $0.00 | -15.0K | 15.0K | -50% | $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 | 2023-05-12 | M | A | 122 | $0.00 | 18,122 | D | — | — | (F1) Represents the vesting of dividend equivalent rights on restricted stock units ("RSUs") granted on 5/13/2022, which AZZ has elected to pay in shares of AZZ common stock. |
| 2 | Common | COMMON STOCK | 2023-05-12 | F | D | 4,710 | $35.70 | 13,412 | D | — | — | (F2) The reporting person disposed of common stock to satisfy tax withholding obligations. |
| 3 | Common | COMMON STOCK | 2023-05-12 | M | A | 15,000 | $0.00 | 18,000 | D | — | — | |
| 4 | Derivative | Restricted Stock Units | 2023-05-12 | M | D | 15,000 | $0.00 | 15,000 | D | — · — to — | 15,000 COMMON STOCK | (F4) Because the vesting date of the RSUs fell on a weekend, vesting occurred on 5/12/2023, the last trading day prior to the vesting date. (F3) Each RSU represents a contingent right to receive one share of AZZ common stock. (F5) The RSUs granted on 5/13/2022, vest ratably over a two-year period beginning on 5/13/2023. (F6) Once vested, the shares of common stock are not subject to expiration. |