Thomas E. Ferguson - 18 May 2021 Form 4 Insider Report for AZZ INC (AZZ)

Role: President and CEO, Director
Signature: /s/ Tara D. Mackey, attorney-in-fact for Thomas E. Ferguson
Issuer symbol: AZZ
Transactions as of: 18 May 2021
Net transactions value: -$513,812
Form type: 4
Filing time: 20 May 2021, 18:11:58 UTC
Next filing: 24 May 2021
SEC: View on sec.gov

Quoteable Key Fact

"Thomas E. Ferguson filed Form 4 for AZZ INC (AZZ) on 20 May 2021."

Quick Takeaways

This page summarizes Thomas E. Ferguson's Form 4 filing for AZZ INC (AZZ).
8 reported transactions and 2 derivative rows are listed below.
Filing timestamp: 20 May 2021, 18:11.

What Changed

No earlier filing in this sequence is available for direct comparison.
Current net transaction value: -$513,812.

Why This Matters

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Source Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

See Original Filing

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AZZ	COMMON STOCK	Options Exercise	$0	+4,762	+4.1%	$0.000000	120,167	18 May 2021	Direct
transaction	AZZ	COMMON STOCK	Options Exercise	$0	+231	+0.19%	$0.000000	120,398	18 May 2021	Direct	F1
transaction	AZZ	COMMON STOCK	Tax liability	$106,135	-1,964	-1.6%	$54.04	118,434	18 May 2021	Direct	F2
transaction	AZZ	COMMON STOCK	Options Exercise	$0	+18,284	+15%	$0.000000	136,718	18 May 2021	Direct	F3
transaction	AZZ	COMMON STOCK	Options Exercise	$0	+889	+0.65%	$0.000000	137,607	18 May 2021	Direct	F4
transaction	AZZ	COMMON STOCK	Tax liability	$407,678	-7,544	-5.5%	$54.04	130,063	18 May 2021	Direct	F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	AZZ	Restricted Stock Units	Options Exercise	$0	-4,762	-100%	$0.000000^*	0	18 May 2021	COMMON STOCK	4,762		Direct	F6, F7, F8
transaction	AZZ	Performance Share Units	Options Exercise	$0	-18,284	-100%	$0.000000^*	0	18 May 2021	COMMON STOCK	18,284		Direct	F3, F8, F9, F10

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents the vesting of dividend equivalent rights that accrued on 4,762 RSUs granted on 5/18/2018, which AZZ has settled in shares of AZZ common stock.
F2	The reporting person disposed of 1,964 shares of common stock to satisfy tax withholding obligations on the vesting of 4,993 RSUs and dividend equivalents.
F3	Represents the number of shares acquired by the reporting person upon the vesting of performance share units ("PSUs") granted on 5/18/2018. This number represents 14,285 target PSUs and 3,999 additional PSUs earned based upon the achievement of 128% of pre-established performance goals during the performance cycle.
F4	Represents the vesting of dividend equivalent rights that accrued on the target PSUs of 14,285 granted on 5/18/2018, which AZZ has settled in shares of AZZ common stock.
F5	The reporting person disposed of 7,544 shares of common stock to satisfy tax withholding obligations on the vesting of 19,173 PSUs and dividend equivalents.
F6	Each RSU represents a contingent right to receive one share of AZZ common stock.
F7	The RSUs were granted under AZZ's 2014 Long Term Incentive Plan (the "2014 Plan") and vest over a 3-year period with 1/3rd of the RSUs vesting on each of the first, second and third anniversaries of the grant date which was 5/18/2018.
F8	Once vested, the shares of AZZ common stock are not subject to expiration.
F9	The PSUs represents a contingent right to receive shares of AZZ common stock with the actual number varying based on achieved results.
F10	The PSUs were granted under the 2014 Plan and had a three-year performance cycle (3/1/2018 - 2/28/21) and vested upon the achievement of certain pre-established performance goals.

We use cookies and similar technologies to provide certain features, enhance the user experience and, if you allow them, measure engagement and deliver advertising. Analytics and marketing storage stay off until you grant consent. By clicking on "Agree and continue", you declare your consent to the use of the selected optional cookies. you can make detailed settings or revoke your consent (in part if necessary) with effect for the future. For further information, please refer to our Privacy Policy .