Bryan L. Stovall - May 4, 2022 Form 4 Insider Report for AZZ INC (AZZ)

Role
COO - Metal Coatings
Signature
/s/ Tara D. Mackey, attorney-in-fact for Bryan L. Stovall
Stock symbol
AZZ
Transactions as of
May 4, 2022
Transactions value $
-$71,648
Form type
4
Date filed
5/6/2022, 04:44 PM
Previous filing
May 24, 2021
Next filing
May 24, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AZZ COMMON STOCK Options Exercise $0 +1.5K +9.12% $0.00 17.9K May 4, 2022 Direct
transaction AZZ COMMON STOCK Options Exercise $0 +14 +0.08% $0.00 17.9K May 4, 2022 Direct F1
transaction AZZ COMMON STOCK Tax liability -$23.2K -487 -2.72% $47.67 17.4K May 4, 2022 Direct F2
transaction AZZ COMMON STOCK Options Exercise $0 +1.81K +10.4% $0.00 19.2K May 4, 2022 Direct
transaction AZZ COMMON STOCK Options Exercise $0 +58 +0.3% $0.00 19.3K May 4, 2022 Direct F3
transaction AZZ COMMON STOCK Tax liability -$29.5K -618 -3.2% $47.67 18.7K May 4, 2022 Direct F2
transaction AZZ COMMON STOCK Options Exercise $0 +1.22K +6.54% $0.00 19.9K May 4, 2022 Direct
transaction AZZ COMMON STOCK Options Exercise $0 +12 +0.06% $0.00 19.9K May 4, 2022 Direct F4
transaction AZZ COMMON STOCK Tax liability -$19K -398 -2% $47.67 19.5K May 4, 2022 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 -1.5K -100% $0.00* 0 May 4, 2022 COMMON STOCK 1.5K Direct F5, F6, F7
transaction AZZ Restricted Stock Units Options Exercise $0 -1.81K -50% $0.00 1.81K May 4, 2022 COMMON STOCK 1.81K Direct F5, F7, F8
transaction AZZ Restricted Stock Units Options Exercise $0 -1.22K -33.33% $0.00 2.44K May 4, 2022 COMMON STOCK 1.22K Direct F5, F7, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This represents the vesting of dividend equivalent rights accrued on 1,495 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.
F2 The reporting person disposed of shares of common stock to satisfy tax withholding obligations.
F3 This represents the vesting of dividend equivalent rights accrued on 1,812 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.
F4 This represents the vesting of dividend equivalent rights accrued on 1,221 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.
F5 Each RSU represents a contingent right to receive one share of AZZ common stock.
F6 Mr. Stovall was granted a special one-time equity award on May 2021 that will cliff vest in full one year from the date of grant.
F7 Once vested, the shares of common stock are not subject to expiration.
F8 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.
F9 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.