AZZ INC — Director's Dealing 2021

Jul 26, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AZZ INC (AZZ)
CIK: 0000008947
Period of Report: 2021-07-22

Reporting Person: Bacius Chris M. (VP, Corporate Development)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-07-22	COMMON STOCK	M	2724	$46.34	Acquired	19706	Direct
2021-07-22	COMMON STOCK	D	2424	$52.09	Disposed	17282	Direct
2021-07-22	COMMON STOCK	F	73	$52.09	Disposed	17209	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-07-22	STOCK APPRECIATION RIGHTS	$	M	2724	Disposed		COMMON STOCK (2724.0)	Direct

Footnotes

F1: Shares forfeited for the conversion of stock appreciation rights ("SARs"), which were settled in shares of AZZ common stock in an amount equal to the excess value of the grant date price ($46.34) over the exercise prices ($52.09).

F2: The reporting person forfeited 73 shares of common stock to satisfy tax withholding obligations on the exercised SARs.

F3: The conversion of SARs are settled in shares of AZZ common stock in an amount equal to the excess value of the grant date price of ($46.34) over the exercise price of ($52.09) on the exercise date.

F4: On September 1, 2014, the reporting person was granted SARs, which vested ratably over a three-year period beginning on March 1, 2015.

F5: The SARs granted on September 1, 2014 have an expiration date of September 1, 2021.