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AZZ INC — Director's Dealing 2023
May 16, 2023
31310_dirs_2023-05-16_5dac7e85-5e9a-464b-9e96-d48faa0d8f70.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: 2023-05-12
Reporting Person: Russell Kurt L. (COO - Precoat Metals)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-05-12 | COMMON STOCK | M | 15000 | — | Acquired | 18000 | Direct |
| 2023-05-12 | COMMON STOCK | M | 122 | — | Acquired | 18122 | Direct |
| 2023-05-12 | COMMON STOCK | F | 4710 | $35.70 | Disposed | 13412 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-05-12 | Restricted Stock Units | $ | M | 15000 | Disposed | COMMON STOCK (15000.0) | Direct |
Footnotes
F1: Represents the vesting of dividend equivalent rights on restricted stock units ("RSUs") granted on 5/13/2022, which AZZ has elected to pay in shares of AZZ common stock.
F2: The reporting person disposed of common stock to satisfy tax withholding obligations.
F3: Each RSU represents a contingent right to receive one share of AZZ common stock.
F4: Because the vesting date of the RSUs fell on a weekend, vesting occurred on 5/12/2023, the last trading day prior to the vesting date.
F5: The RSUs granted on 5/13/2022, vest ratably over a two-year period beginning on 5/13/2023.
F6: Once vested, the shares of common stock are not subject to expiration.