Tara D. Mackey - 04 May 2022 Form 4 Insider Report for AZZ INC (AZZ)

SEC evidence 5 source fields
Form type
4
Accepted by SEC
06 May 2022, 16:43:33 UTC
Previous filing
11 Jan 2022
Next filing
24 May 2022
SEC filing
View on sec.gov
Reporting owner 1 detail
Reporting owner signature
Tara D Mackey

Key filing fact

Tara D. Mackey filed Form 4 for AZZ INC (AZZ) on 06 May 2022.

Key facts

  • This page summarizes Tara D. Mackey's Form 4 filing for AZZ INC (AZZ).
  • 8 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 06 May 2022, 16:43.

Change

  • Previous filing in this sequence was filed on 11 Jan 2022.
  • Current net transaction value: -$45,573.

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.

See Original 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
+1,812
Change %
+12%
Price
$0.000000
Shares after
16,465
Date
04 May 2022
Ownership
Direct
AZZ transaction

COMMON STOCK

Options Exercise

Transaction value
$0
Shares
+58
Change %
+0.35%
Price
$0.000000
Shares after
16,523
Date
04 May 2022
Ownership
Direct
Footnotes
F1
AZZ transaction

COMMON STOCK

Tax liability

Transaction value
$29,555
Shares
-620
Change %
-3.8%
Price
$47.67
Shares after
15,903
Date
04 May 2022
Ownership
Direct
Footnotes
F2
AZZ transaction

COMMON STOCK

Options Exercise

Transaction value
$0
Shares
+1,030
Change %
+6.5%
Price
$0.000000
Shares after
16,933
Date
04 May 2022
Ownership
Direct
AZZ transaction

COMMON STOCK

Options Exercise

Transaction value
$0
Shares
+10
Change %
+0.06%
Price
$0.000000
Shares after
16,943
Date
04 May 2022
Ownership
Direct
Footnotes
F3
AZZ transaction

COMMON STOCK

Tax liability

Transaction value
$16,017
Shares
-336
Change %
-2%
Price
$47.67
Shares after
16,607
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
-1,812
Change %
-50%
Price
$0.000000
Shares after
1,812
Date
04 May 2022
Ownership
Direct
Underlying class
COMMON STOCK
Underlying amount
1,812
Exercise price
Footnotes
F4, F5, F6
AZZ transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-1,030
Change %
-33%
Price
$0.000000
Shares after
2,062
Date
04 May 2022
Ownership
Direct
Underlying class
COMMON STOCK
Underlying amount
1,030
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 1,812 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 1,030 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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