Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | AZZ | COMMON STOCK | Options Exercise | $0 | +4.76K | +4.13% | $0.00 | 120K | May 18, 2021 | Direct | |
transaction | AZZ | COMMON STOCK | Options Exercise | $0 | +231 | +0.19% | $0.00 | 120K | May 18, 2021 | Direct | F1 |
transaction | AZZ | COMMON STOCK | Tax liability | -$106K | -1.96K | -1.63% | $54.04 | 118K | May 18, 2021 | Direct | F2 |
transaction | AZZ | COMMON STOCK | Options Exercise | $0 | +18.3K | +15.44% | $0.00 | 137K | May 18, 2021 | Direct | F3 |
transaction | AZZ | COMMON STOCK | Options Exercise | $0 | +889 | +0.65% | $0.00 | 138K | May 18, 2021 | Direct | F4 |
transaction | AZZ | COMMON STOCK | Tax liability | -$408K | -7.54K | -5.48% | $54.04 | 130K | May 18, 2021 | Direct | F5 |
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 | -4.76K | -100% | $0.00* | 0 | May 18, 2021 | COMMON STOCK | 4.76K | Direct | F6, F7, F8 | |
transaction | AZZ | Performance Share Units | Options Exercise | $0 | -18.3K | -100% | $0.00* | 0 | May 18, 2021 | COMMON STOCK | 18.3K | Direct | F3, F8, F9, F10 |
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. |