Form 4 for AZZ AZZ INC
Accepted 2024-05-08 00:00:00 ET · period of report 2024-05-04 · accession 0000008947-24-000100 · 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 | 2024-05-08 | 2024-05-04 | AZZ | Stovall Bryan Lee | COO - Metal Coatings | M - OptEx | $0.00 | +4,685 | 31.2K | +18% | $0 |
| DM | 2024-05-08 | 2024-05-04 | AZZ | Stovall Bryan Lee | COO - Metal Coatings | F - Tax | $75.02 | -1,538 | 30.8K | -5% | -$115.4K |
| DM | 2024-05-08 | 2024-05-04 | AZZ | Stovall Bryan Lee | COO - Metal Coatings | M - OptEx | $0.00 | -4,493 | 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 | 2024-05-04 | M | A | 140 | $0.00 | 34,187 | D | — | — | (F4) Represents the vesting of dividend equivalent rights that accrued on the target performance share units ("PSUs") of 2,442 granted on 5/4/2021, which AZZ has settled in shares of AZZ common stock. |
| 2 | Common | COMMON STOCK | 2024-05-04 | F | D | 1,103 | $75.02 | 33,084 | D | — | — | (F2) The reporting person disposed of shares of common stock to satisfy tax withholding obligations. (F3) Pursuant to Issuers 2014 Long Term Incentive Plan, as amended, should the vesting date fall on a weekend, the closing price shall be the last trading day prior to the vesting date. |
| 3 | Common | COMMON STOCK | 2024-05-04 | M | A | 3,272 | $0.00 | 34,047 | D | — | — | |
| 4 | Common | COMMON STOCK | 2024-05-04 | F | D | 435 | $75.02 | 30,775 | D | — | — | (F2) The reporting person disposed of shares of common stock to satisfy tax withholding obligations. (F3) Pursuant to Issuers 2014 Long Term Incentive Plan, as amended, should the vesting date fall on a weekend, the closing price shall be the last trading day prior to the vesting date. |
| 5 | Common | COMMON STOCK | 2024-05-04 | M | A | 52 | $0.00 | 31,210 | D | — | — | (F1) Represents the vesting of dividend equivalent rights that accrued on 1,221 restricted stock units ("RSUs") granted on 5/4/2021, which AZZ has settled in shares of AZZ common stock. |
| 6 | Common | COMMON STOCK | 2024-05-04 | M | A | 1,221 | $0.00 | 31,158 | D | — | — | |
| 7 | Derivative | Performance Share Units | 2024-05-04 | M | D | 3,272 | $0.00 | 0 | D | — · — to — | 3,272 COMMON STOCK | (F9) Represents the number of shares acquired by the reporting person upon the vesting of PSUs granted on 5/4/2021. This number represents 2,442 target PSUs and 830 additional PSUs earned based upon the achievement of 134% of pre-established performance goals during the performance cycle. (F8) Each PSU represents a contingent right to receive shares of AZZ common stock with the actual number varying based on achieved results. (F10) The PSUs were granted under Issuers 2014 Long Term Incentive Plan and had a three-year performance cycle (3/1/2021- 2/29/2024). (F7) Once vested, the shares of common stock are not subject to expiration. |
| 8 | Derivative | Restricted Stock Units | 2024-05-04 | M | D | 1,221 | $0.00 | 0 | D | — · — to — | 1,221 COMMON STOCK | (F5) Each RSU represents a contingent right to receive one share of AZZ common stock. (F6) The RSUs granted on 5/4/2021, vest ratably over a 3-year period beginning on 5/4/2022. (F7) Once vested, the shares of common stock are not subject to expiration. |