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AZZ INC — Director's Dealing 2022
Nov 2, 2022
31310_dirs_2022-11-02_785142ce-bfdf-4235-8ab3-c59e0bff75ed.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: AZZ INC (AZZ)
CIK: 0000008947
Period of Report: 2022-11-01
Reporting Person: Stovall Bryan Lee (COO - Metal Coatings)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-11-01 | COMMON STOCK | M | 10000 | — | Acquired | 31497 | Direct |
| 2022-11-01 | COMMON STOCK | M | 438 | — | Acquired | 31935 | Direct |
| 2022-11-01 | COMMON STOCK | F | 3517 | $40.56 | Disposed | 28418 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-11-01 | Restricted Stock Units | $ | M | 10000 | Disposed | COMMON STOCK (10000.0) | Direct |
Footnotes
F1: Represents the vesting of dividend equivalent rights accrued on 10,000 restricted stock units ("RSUs") granted on January 14, 2020, which AZZ has elected to pay in shares of AZZ common stock.
F2: The reporting person disposed of 3,517 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 Reporting Person received a special one-time equity award of 10,000 RSUs on January 14, 2020 to cliff-vest in full on November 1, 2022.
F5: Once vested, the shares of common stock are not subject to expiration.