Bryan L. Stovall - 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, 16:44:39 UTC
Prior SEC filing
24 May 2021
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 Bryan L. Stovall

Key filing fact

Bryan L. Stovall filed Form 4 for AZZ INC (AZZ) on 06 May 2022.

Key facts

  • This page summarizes Bryan L. Stovall's Form 4 filing for AZZ INC (AZZ).
  • 12 reported transactions and 3 derivative rows are listed below.
  • Accepted by SEC: 06 May 2022, 16:44.

Change

  • Previous filing in this sequence was filed on 24 May 2021.
  • Current net transaction value: -$71,648.

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
+1,495
Change %
+9.1%
Price
$0.000000
Shares after
17,889
Date
04 May 2022
Ownership
Direct
AZZ transaction

COMMON STOCK

Options Exercise

Transaction value
$0
Shares
+14
Change %
+0.08%
Price
$0.000000
Shares after
17,903
Date
04 May 2022
Ownership
Direct
Footnotes
F1
AZZ transaction

COMMON STOCK

Tax liability

Transaction value
$23,215
Shares
-487
Change %
-2.7%
Price
$47.67
Shares after
17,416
Date
04 May 2022
Ownership
Direct
Footnotes
F2
AZZ transaction

COMMON STOCK

Options Exercise

Transaction value
$0
Shares
+1,812
Change %
+10%
Price
$0.000000
Shares after
19,228
Date
04 May 2022
Ownership
Direct
AZZ transaction

COMMON STOCK

Options Exercise

Transaction value
$0
Shares
+58
Change %
+0.3%
Price
$0.000000
Shares after
19,286
Date
04 May 2022
Ownership
Direct
Footnotes
F3
AZZ transaction

COMMON STOCK

Tax liability

Transaction value
$29,460
Shares
-618
Change %
-3.2%
Price
$47.67
Shares after
18,668
Date
04 May 2022
Ownership
Direct
Footnotes
F2
AZZ transaction

COMMON STOCK

Options Exercise

Transaction value
$0
Shares
+1,221
Change %
+6.5%
Price
$0.000000
Shares after
19,889
Date
04 May 2022
Ownership
Direct
AZZ transaction

COMMON STOCK

Options Exercise

Transaction value
$0
Shares
+12
Change %
+0.06%
Price
$0.000000
Shares after
19,901
Date
04 May 2022
Ownership
Direct
Footnotes
F4
AZZ transaction

COMMON STOCK

Tax liability

Transaction value
$18,973
Shares
-398
Change %
-2%
Price
$47.67
Shares after
19,503
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
-1,495
Change %
-100%
Price
$0.000000*
Shares after
0
Date
04 May 2022
Ownership
Direct
Underlying class
COMMON STOCK
Underlying amount
1,495
Exercise price
Footnotes
F5, F6, F7
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
F5, F7, F8
AZZ transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-1,221
Change %
-33%
Price
$0.000000
Shares after
2,442
Date
04 May 2022
Ownership
Direct
Underlying class
COMMON STOCK
Underlying amount
1,221
Exercise price
Footnotes
F5, F7, F9
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 9 footnotes

Footnote 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.

Footnote F2

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

Footnote 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.

Footnote 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.

Footnote F5

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

Footnote 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.

Footnote F7

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

Footnote 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.

Footnote 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.

We use cookies and similar technologies to provide certain features, enhance the user experience and, if you allow them, measure engagement and deliver advertising. Analytics and marketing storage stay off until you grant consent. By clicking on "Agree and continue", you declare your consent to the use of the selected optional cookies. Manage preferences to update or revoke optional consent for future visits. For more information, see our Privacy Policy .