Gary L. Hill - 04 May 2022 Form 4 Insider Report for AZZ INC (AZZ)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
06 May 2022, 16:42:38 UTC
Prior SEC filing
11 Jan 2022
Next SEC filing
24 May 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Tara D. Mackey, attorney-in-fact for Gary L. Hill

Key filing fact

Gary L. Hill filed Form 4 for AZZ INC (AZZ) on 06 May 2022.

Key facts

  • This page summarizes Gary L. Hill's Form 4 filing for AZZ INC (AZZ).
  • 8 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 06 May 2022, 16:42.

Change

  • Previous filing in this sequence was filed on 11 Jan 2022.
  • Current net transaction value: -$40,472.

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
+1,510
Change %
+8.9%
Price
$0.000000
Shares after
18,482
Date
04 May 2022
Ownership
Direct
AZZ transaction

COMMON STOCK

Options Exercise

Transaction value
$0
Shares
+48
Change %
+0.26%
Price
$0.000000
Shares after
18,530
Date
04 May 2022
Ownership
Direct
Footnotes
F1
AZZ transaction

COMMON STOCK

Tax liability

Transaction value
$24,788
Shares
-520
Change %
-2.8%
Price
$47.67
Shares after
18,010
Date
04 May 2022
Ownership
Direct
Footnotes
F2
AZZ transaction

COMMON STOCK

Options Exercise

Transaction value
$0
Shares
+1,012
Change %
+5.6%
Price
$0.000000
Shares after
19,022
Date
04 May 2022
Ownership
Direct
AZZ transaction

COMMON STOCK

Options Exercise

Transaction value
$0
Shares
+9
Change %
+0.05%
Price
$0.000000
Shares after
19,031
Date
04 May 2022
Ownership
Direct
Footnotes
F3
AZZ transaction

COMMON STOCK

Tax liability

Transaction value
$15,683
Shares
-329
Change %
-1.7%
Price
$47.67
Shares after
18,702
Date
04 May 2022
Ownership
Direct
Footnotes
F2

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
-1,510
Change %
-50%
Price
$0.000000
Shares after
1,510
Date
04 May 2022
Ownership
Direct
Underlying class
COMMON STOCK
Underlying amount
1,510
Exercise price
Footnotes
F4, F5, F6
AZZ transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-1,012
Change %
-33%
Price
$0.000000
Shares after
2,025
Date
04 May 2022
Ownership
Direct
Underlying class
COMMON STOCK
Underlying amount
1,012
Exercise price
Footnotes
F4, F6, F7
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 7 footnotes

Footnote F1

This represents the vesting of dividend equivalent rights accrued on 1,510 restricted stock units ("RSUs") granted on 5/4/2021, which AZZ has elected to pay in shares of AZZ common stock. These dividend equivalent rights vest when, and if, the underlying RSUs vest.

Footnote F2

The reporting person disposed of shares of AZZ common stock to satisfy tax withholding obligations.

Footnote F3

This represents the vesting of dividend equivalent rights accrued on 1,012 RSUs granted on 5/4/2021, which AZZ has elected to pay in shares of AZZ common stock. These dividend equivalent rights vest when, and if, the underlying RSUs vest.

Footnote F4

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

Footnote F5

The RSUs are granted under AZZ's 2014 Long Term Incentive Plan and vest over a three-year period with 1/3rd of the RSUs vesting on each of the first, second and third anniversaries of the grant date beginning on 5/4/2021.

Footnote F6

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

Footnote F7

The RSUs are granted under AZZ's 2014 Long Term Incentive Plan and vest over a three-year period with 1/3rd of the RSUs vesting on each of the first, second and third anniversaries of the grant date beginning on 5/4/2022.

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