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AZZ INC — Director's Dealing 2019
May 21, 2019
31310_dirs_2019-05-21_36e113c1-3760-4c31-9466-0393d3c4796e.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: AZZ INC (AZZ)
CIK: 0000008947
Period of Report: 2019-05-18
Reporting Person: Lavelle Ken (President & GM - Electrical)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2019-05-18 | COMMON STOCK | M | 992 | — | Acquired | 1969 | Direct |
| 2019-05-18 | COMMON STOCK | M | 14 | — | Acquired | 1983 | Direct |
| 2019-05-18 | COMMON STOCK | A | 260 | $45.56 | Disposed | 1723 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2019-05-18 | Restricted Stock Units | $ | M | 992 | Disposed | COMMON STOCK (992.0) | Direct |
Footnotes
F1: Represents the vesting of dividend equivalent rights accrued on 992 restricted stock units ("RSUs") granted on 5/18/2018, which AZZ elected to pay in shares of AZZ common stock. These dividend equivalent rights vest when, and if, the underlying RSUs vest.
F2: The reporting person disposed of 260 shares of common stock to satisfy tax withholding obligations.
F3: Each RSU represents a contingent right to receive one share of AZZ common stock.
F4: The RSUs granted on 5/18/2018, vest ratably over a 3-year period beginning on 5/18/2019.
F5: Once vested, the shares of common stock are not subject to expiration.