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AZZ INC — Director's Dealing 2022
May 6, 2022
31310_dirs_2022-05-06_13b5a851-6518-4e4e-b617-55b486c35c82.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: Lavelle Ken (President & GM - Electrical)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-05-04 | COMMON STOCK | M | 1510 | — | Acquired | 18049 | Direct |
| 2022-05-04 | COMMON STOCK | M | 48 | — | Acquired | 18097 | Direct |
| 2022-05-04 | COMMON STOCK | F | 586 | $47.67 | Disposed | 17511 | Direct |
| 2022-05-04 | COMMON STOCK | M | 814 | — | Acquired | 18325 | Direct |
| 2022-05-04 | COMMON STOCK | M | 8 | — | Acquired | 18333 | Direct |
| 2022-05-04 | COMMON STOCK | F | 313 | $47.67 | Disposed | 18020 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-05-04 | Restricted Stock Units | $ | M | 1510 | Disposed | COMMON STOCK (1510.0) | Direct | |
| 2022-05-04 | Restricted Stock Units | $ | M | 814 | Disposed | COMMON STOCK (814.0) | Direct |
Footnotes
F1: This represents the vesting of dividend equivalent rights accrued on 1,510 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 814 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.