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AZZ INC — Director's Dealing 2025
May 13, 2025
31310_dirs_2025-05-13_8da5c7c2-77a1-44ad-b4e0-8c080fa87775.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: FERGUSON THOMAS E (Director, President and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-05-09 | COMMON STOCK | M | 7967 | — | Acquired | 200574 | Direct |
| 2025-05-09 | COMMON STOCK | M | 280 | — | Acquired | 200854 | Direct |
| 2025-05-09 | COMMON STOCK | F | 3244 | $91.49 | Disposed | 197610 | Direct |
| 2025-05-09 | COMMON STOCK | M | 26687 | — | Acquired | 224297 | Direct |
| 2025-05-09 | COMMON STOCK | M | 939 | — | Acquired | 225236 | Direct |
| 2025-05-09 | COMMON STOCK | F | 10870 | $91.49 | Disposed | 214366 | Direct |
| 2025-05-12 | COMMON STOCK | S | 4973 | $93.906 | Disposed | 209393 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-05-09 | Restricted Stock Units | $ | M | 7967 | Disposed | COMMON STOCK (7967) | Direct | |
| 2025-05-09 | Performance Share Units | $ | M | 26687 | Disposed | COMMON STOCK (26687) | Direct |
Footnotes
F1: Represents the vesting of dividend equivalent rights that accrued on 7,967 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 19,916 granted on 5/9/2022, which AZZ has settled in shares of AZZ common stock.
F4: The price reported in column 4 is a weighted average.
F5: Each RSU represents a contingent right to receive one share of AZZ common stock.
F6: The RSUs granted on 5/9/2022, vest ratably over a 3-year period beginning on 5/9/2023.
F7: Once vested, the shares of common stock are not subject to expiration.
F8: Each PSU represents a contingent right to receive shares of AZZ common stock with the actual number varying based on achieved results.
F9: Represents the number of shares acquired by the reporting person upon the vesting of PSUs granted on 5/9/2022. This number represents 19,916 target PSUs and 6,771 additional PSUs earned based upon the achievement of 134% of pre-established performance goals during the performance cycle.
F10: 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).