AZZ INC — Director's Dealing 2021

Feb 5, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AZZ INC (AZZ)
CIK: 0000008947
Period of Report: 2021-02-04

Reporting Person: FERGUSON THOMAS E (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-04	COMMON STOCK	M	26471	$43.92	Acquired	136265	Direct
2021-02-04	COMMON STOCK	F	23050	$50.44	Disposed	113215	Direct
2021-02-04	COMMON STOCK	S	3421	$50.274	Disposed	109794	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-04	STOCK APPRECIATION RIGHTS	$	M	26471	Disposed		COMMON STOCK (26471.0)	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 ($43.92) over the exercise price ($50.44).

F2: 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 ($43.92) over the exercise price ($50.44).

F3: On March 1, 2014, the reporting person was granted SARs, which vested ratably over a 3-year period beginning on March 1, 2015.

F4: The SARs granted on March 1, 2014 have an expiration date of March 1, 2021.