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AZZ INC — Director's Dealing 2025
May 13, 2025
31310_dirs_2025-05-13_ee8d38d0-223d-43cf-964d-985a6c8641e8.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: 2025-05-09
Reporting Person: Stovall Bryan Lee (COO - Metal Coatings)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-05-09 | COMMON STOCK | M | 2098 | — | Acquired | 24115 | Direct |
| 2025-05-09 | COMMON STOCK | M | 73 | — | Acquired | 24188 | Direct |
| 2025-05-09 | COMMON STOCK | F | 763 | $91.49 | Disposed | 23425 | Direct |
| 2025-05-09 | COMMON STOCK | M | 6023 | — | Acquired | 29448 | Direct |
| 2025-05-09 | COMMON STOCK | M | 212 | — | Acquired | 29660 | Direct |
| 2025-05-09 | COMMON STOCK | F | 2453 | $91.49 | Disposed | 27207 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-05-09 | Restricted Stock Units | $ | M | 2098 | Disposed | COMMON STOCK (2098) | Direct | |
| 2025-05-09 | Performance Share Units | $ | M | 6023 | Disposed | COMMON STOCK (6023) | Direct |
Footnotes
F1: Represents the vesting of dividend equivalent rights that accrued on 2,098 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: Represents the vesting of dividend equivalent rights that accrued on the target performance share units ("PSUs") of 4,495 granted on 5/9/2022, which AZZ has settled in shares of AZZ common stock.
F4: Each RSU represents a contingent right to receive one share of AZZ common stock.
F5: The RSUs granted on 5/9/2022, vest ratably over a 3-year period beginning on 5/9/2023.
F6: Once vested, the shares of common stock are not subject to expiration.
F7: Each PSU represents a contingent right to receive shares of AZZ common stock with the actual number varying based on achieved results.
F8: Represents the number of shares acquired by the reporting person upon the vesting of PSUs granted on 5/9/2022. This number represents 4,495 target PSUs and 1,528 additional PSUs earned based upon the achievement of 134% of pre-established performance goals during the performance cycle.
F9: The PSUs granted on 5/9/2022 were granted under Issuers 2014 Long Term Incentive Plan and had a three-year performance cycle (3/1/2022- 2/28/2025).