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

Reporting relationship: President and CEO, Director
Issuer ticker: AZZ
Reported as of: 18 May 2021
Net transaction value: -$513,812
SEC form: 4
Accepted by SEC: 20 May 2021, 18:11:58 UTC
Next SEC filing: 24 May 2021
Source filing: View source filing
Reporting owner signature: /s/ Tara D. Mackey, attorney-in-fact for Thomas E. Ferguson

Key filing fact

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

Key facts

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

Change

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

Research use

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.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

AZZ transaction

COMMON STOCK

Options Exercise

Transaction value: $0
Shares: +4,762
Change %: +4.1%
Price: $0.000000
Shares after: 120,167
Date: 18 May 2021
Ownership: Direct

AZZ transaction

COMMON STOCK

Options Exercise

Transaction value: $0
Shares: +231
Change %: +0.19%
Price: $0.000000
Shares after: 120,398
Date: 18 May 2021
Ownership: Direct
Footnotes: F1

AZZ transaction

COMMON STOCK

Tax liability

Transaction value: $106,135
Shares: -1,964
Change %: -1.6%
Price: $54.04
Shares after: 118,434
Date: 18 May 2021
Ownership: Direct
Footnotes: F2

AZZ transaction

COMMON STOCK

Options Exercise

Transaction value: $0
Shares: +18,284
Change %: +15%
Price: $0.000000
Shares after: 136,718
Date: 18 May 2021
Ownership: Direct
Footnotes: F3

AZZ transaction

COMMON STOCK

Options Exercise

Transaction value: $0
Shares: +889
Change %: +0.65%
Price: $0.000000
Shares after: 137,607
Date: 18 May 2021
Ownership: Direct
Footnotes: F4

AZZ transaction

COMMON STOCK

Tax liability

Transaction value: $407,678
Shares: -7,544
Change %: -5.5%
Price: $54.04
Shares after: 130,063
Date: 18 May 2021
Ownership: Direct
Footnotes: F5

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

AZZ transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -4,762
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 18 May 2021
Ownership: Direct
Underlying class: COMMON STOCK
Underlying amount: 4,762
Exercise price
Footnotes: F6, F7, F8

AZZ transaction Derivative

Performance Share Units

Options Exercise

Transaction value: $0
Shares: -18,284
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 18 May 2021
Ownership: Direct
Underlying class: COMMON STOCK
Underlying amount: 18,284
Exercise price
Footnotes: F3, F8, F9, F10

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 10 footnotes

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote F6

Each RSU represents a contingent right to receive one share of AZZ common stock.

Footnote 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.

Footnote F8

Once vested, the shares of AZZ common stock are not subject to expiration.

Footnote F9

The PSUs represents a contingent right to receive shares of AZZ common stock with the actual number varying based on achieved results.

Footnote 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.