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AZZ INC — Director's Dealing 2024
May 13, 2024
31310_dirs_2024-05-13_42f55ced-fcd3-4c7f-b8de-48107904ab0d.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: 2024-05-09
Reporting Person: Schlom Philip A (SVP, Chief Financial Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-05-09 | COMMON STOCK | M | 2079 | — | Acquired | 22654 | Direct |
| 2024-05-09 | COMMON STOCK | M | 60 | — | Acquired | 22714 | Direct |
| 2024-05-09 | COMMON STOCK | F | 691 | $78.07 | Disposed | 22023 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-05-09 | Restricted Stock Units | $ | M | 2079 | Disposed | COMMON STOCK (2079) | Direct |
Footnotes
F1: Represents the vesting of dividend equivalent rights that accrued on restricted stock units ("RSUs") granted on 5/9/2022, which AZZ has settled in shares of AZZ common stock.
F2: The reporting person disposed of 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 RSUs granted on 5/9/2022, vest over a 3-year period with one-third vesting on 5/9/2023, 5/9/2024 and 5/9/2025.
F5: Once vested, the shares of common stock are not subject to expiration.