AI assistant
AZZ INC — Director's Dealing 2020
May 19, 2020
31310_dirs_2020-05-19_d77ac214-4fcb-4964-9f64-daf98b7b5c26.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: AZZ INC (AZZ)
CIK: 0000008947
Period of Report: 2020-05-18
Reporting Person: Stovall Bryan Lee (President-Galv Solutions)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2020-05-18 | COMMON STOCK | M | 397 | — | Acquired | 16198 | Direct |
| 2020-05-18 | COMMON STOCK | M | 10 | — | Acquired | 16208 | Direct |
| 2020-05-18 | COMMON STOCK | F | 98 | $30.06 | Disposed | 16110 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2020-05-18 | Restricted Stock Units | $ | M | 397 | Disposed | COMMON STOCK (397.0) | Direct |
Footnotes
F1: Represents the vesting of dividend equivalent rights accrued on 397 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 98 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.