AZZ INC — Director's Dealing 2020

Apr 29, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AZZ INC (AZZ)
CIK: 0000008947
Period of Report: 2020-04-27

Reporting Person: Doucet Michael (SVP-Surface Technologies)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-04-27	COMMON STOCK	M	174	—	Acquired	1687	Direct
2020-04-27	COMMON STOCK	M	6	—	Acquired	1693	Direct
2020-04-27	COMMON STOCK	F	41	$28.59	Disposed	1652	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-04-27	Restricted Stock Units	$	M	174	Disposed		COMMON STOCK (174.0)	Direct

Footnotes

F1: Represents the vesting of dividend equivalent rights accrued on 174 restricted stock units ("RSUs") granted on April 27, 2017, 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 41 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 4/27/2017, vest ratably over a 3-year period beginning on 4/27/2018.

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