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AZZ INC — Director's Dealing 2024
May 2, 2024
31310_dirs_2024-05-01_e849b4cd-0dfd-467f-ac50-f24de7a01cab.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: 2024-04-28
Reporting Person: Schlom Philip A (SVP, Chief Financial Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-04-28 | COMMON STOCK | M | 1784 | — | Acquired | 17680 | Direct |
| 2024-04-28 | COMMON STOCK | M | 17 | — | Acquired | 17697 | Direct |
| 2024-04-28 | COMMON STOCK | F | 677 | $71.49 | Disposed | 17020 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-04-28 | Restricted Stock Units | $ | M | 1784 | Disposed | COMMON STOCK (1784) | Direct |
Footnotes
F1: Represents the vesting of dividend equivalent rights on restricted stock units (RSUs) granted on 4/28/2023, 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: Pursuant to Issuers 2014 Long Term Incentive Plan, as amended, if the vesting date falls on a weekend or a holiday, the closing price shall be the closing price on the last trading day prior to the vesting date.
F4: Each RSU represents a contingent right to receive one share of AZZ common stock.
F5: The RSUs granted on 4/28/2023 vest ratably over a 3-year period beginning on 4/28/2024.
F6: Once vested, the shares of common stock are not subject to expiration.