Philip A. Schlom - 16 Oct 2021 Form 4 Insider Report for AZZ INC (AZZ)

Role
SVP, Chief Financial Officer
Signature
/s/Tara D. Mackey, attorney-if-fact for Philip A. Schlom
Issuer symbol
AZZ
Transactions as of
16 Oct 2021
Net transactions value
-$19,717
Form type
4
Filing time
19 Oct 2021, 16:09:41 UTC
Previous filing
01 Jul 2021
Next filing
11 Jan 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AZZ COMMON STOCK Options Exercise $0 +1,500 +47% $0.000000 4,693 16 Oct 2021 Direct
transaction AZZ COMMON STOCK Options Exercise $0 +22 +0.47% $0.000000 4,715 16 Oct 2021 Direct F1
transaction AZZ COMMON STOCK Tax liability $19,717 -370 -7.8% $53.29 4,345 16 Oct 2021 Direct F2

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 -1,500 -100% $0.000000* 0 16 Oct 2021 COMMON STOCK 1,500 Direct F3, F4, F5
* 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 accrued on 1,500 restricted stock units ("RSUs") granted on October 16, 2020. These dividend equivalent rights vest when, and if, the underlying RSUs vest.
F2 Mr. Schlom disposed of 370 shares of common stock to satisfy tax withholding obligations.
F3 Each restricted stock unit ("RSU") represents a contingent right to receive one share of AZZ common stock.
F4 Mr. Schlom was granted a special one-time equity award of 1,500 RSUs that vest in full on October 16, 2021.
F5 Once vested, the shares of common stock are not subject to expiration.