AZZ INC — Director's Dealing 2020

Oct 22, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AZZ INC (AZZ)
CIK: 0000008947
Period of Report: 2020-10-21

Reporting Person: Schlom Philip A (VP, Chief Accounting Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-10-21	COMMON STOCK	M	1523	—	Acquired	1523	Direct
2020-10-21	COMMON STOCK	M	22	—	Acquired	1545	Direct
2020-10-21	COMMON STOCK	F	375	—	Disposed	1170	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-10-21	Restricted Stock Units	$	M	1523	Disposed		COMMON STOCK (1523.0)	Direct

Footnotes

F1: Represents the vesting of dividend equivalent rights accrued on 1,523 restricted stock units ("RSUs") granted on January 14, 2020 to vest in full on October 21, 2020. These dividend equivalent rights vest when, and if, the underlying RSUs vest.

F2: Mr. Schlom disposed of 375 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: Pursuant to Mr. Schlom's offer letter of employment, a one-time equity award of 1,523 RSUs vest in full on October 21, 2020.

F5: Once vested, the shares of common stock are not subject to expiration.