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AZZ INC — Director's Dealing 2024
May 14, 2024
31310_dirs_2024-05-14_78ddb8e6-c1f0-4ae0-ab02-79cd15001f9d.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: 2024-05-13
Reporting Person: Russell Kurt L. (COO - Precoat Metals)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-05-13 | COMMON STOCK | M | 15000 | — | Acquired | 29033 | Direct |
| 2024-05-13 | Restricted Stock Units | M | 377 | — | Acquired | 15404 | Direct |
| 2024-05-13 | Restricted Stock Units | F | 6050 | $76.55 | Disposed | 9354 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-05-13 | Restricted Stock Units | $ | M | 15000 | Disposed | COMMON STOCK (15000) | Direct |
Footnotes
F1: Represents the vesting of dividend equivalent rights that accrued on restricted stock units ("RSUs") granted on 5/13/2022, which AZZ has settled in shares of AZZ common stock.
F2: The reporting person disposed of shares of AZZ common stock to satisfy tax withholding obligations.
F3: Each RSU represents a contingent right to receive one share of AZZ common stock.
F4: The RSUs granted on 5/13/2022, vest ratably over a two-year period beginning on 5/13/2023.
F5: Once vested, the shares of common stock are not subject to expiration.
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