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: Bacius Chris M. (VP, Corporate Development)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-04-27	COMMON STOCK	M	415	—	Acquired	9441	Direct
2020-04-27	COMMON STOCK	M	16	—	Acquired	9457	Direct
2020-04-27	COMMON STOCK	F	127	$28.59	Disposed	9330	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-04-27	Restricted Stock Units	$	M	415	Disposed		COMMON STOCK (415.0)	Direct

Footnotes

F1: Represents the vesting of dividend equivalent rights accrued on 415 restricted stock units ("RSUs") granted on 4/27/2017, 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 127 shares of common stock to satisfy tax withholding obligations.

F3: Each restricted stock unit (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.