AZZ INC — Director's Dealing 2021

Apr 30, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AZZ INC (AZZ)
CIK: 0000008947
Period of Report: 2021-04-29

Reporting Person: Mackey Tara D (Chief Legal Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-04-29	COMMON STOCK	M	2711	$44.15	Acquired	10788	Direct
2021-04-29	COMMON STOCK	D	2250	$53.20	Disposed	8538	Direct
2021-04-29	COMMON STOCK	F	130	$53.20	Disposed	8408	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-04-29	STOCK APPRECIATION RIGHTS	$	M	2711	Disposed		COMMON STOCK (2711.0)	Direct

Footnotes

F1: Shares forfeited for the conversion of stock appreciation rights ("SARs"), which are settled in shares of AZZ common stock in an amount equal to the excess value of the grant date price ($44.15) over the exercise price ($53.20).

F2: The reporting person disposed of 130 shares of common stock to satisfy tax withholding obligations.

F3: The conversion of SARs, which are settled in shares of AZZ common stock in an amount equal to the excess value of the grant date price of ($44.15) over the exercise price ($53.20).

F4: On May 2, 2014, the reporting person was granted SARSs, which vested ratably over a three-year period beginning on March 1, 2015.

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