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AZZ INC — Director's Dealing 2022
May 6, 2022
31310_dirs_2022-05-06_b057f464-3b7a-4120-bf31-2c3dd546ba4a.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: 2022-05-04
Reporting Person: Schlom Philip A (SVP, Chief Financial Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-05-04 | COMMON STOCK | M | 1359 | — | Acquired | 6057 | Direct |
| 2022-05-04 | COMMON STOCK | M | 43 | — | Acquired | 6100 | Direct |
| 2022-05-04 | COMMON STOCK | F | 477 | $47.67 | Disposed | 5623 | Direct |
| 2022-05-04 | COMMON STOCK | M | 1012 | — | Acquired | 6635 | Direct |
| 2022-05-04 | COMMON STOCK | M | 9 | — | Acquired | 6644 | Direct |
| 2022-05-04 | COMMON STOCK | F | 326 | $47.67 | Disposed | 6318 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-05-04 | Restricted Stock Units | $ | M | 1359 | Disposed | COMMON STOCK (1359.0) | Direct | |
| 2022-05-04 | Restricted Stock Units | $ | M | 1012 | Disposed | COMMON STOCK (1012.0) | Direct |
Footnotes
F1: This represents the vesting of dividend equivalent rights accrued on 1,359 restricted stock units ("RSUs") granted on 5/4/2021, which AZZ has 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 shares of AZZ common stock to satisfy tax withholding obligations.
F3: This represents the vesting of dividend equivalent rights accrued on 1,012 RSUs granted on 5/4/2021, which AZZ has elected to pay in shares of AZZ common stock. These dividend equivalent rights vest when, and if, the underlying RSUs vest.
F4: Each RSU represents a contingent right to receive one share of AZZ common stock.
F5: The RSUs are granted under AZZ's 2014 Long Term Incentive Plan and vest over a three-year period with 1/3rd of the RSUs vesting on each of the first, second and third anniversaries of the grant date beginning on 5/4/2021.
F6: Once vested, the shares of common stock are not subject to expiration.
F7: The RSUs are granted under AZZ's 2014 Long Term Incentive Plan and vest over a three-year period with 1/3rd of the RSUs vesting on each of the first, second and third anniversaries of the grant date beginning on 5/4/2022.