Bryan L. Stovall - Nov 1, 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
Nov 1, 2022
Transactions value $
-$142,650
Form type
4
Date filed
11/2/2022, 04:23 PM
Previous filing
May 24, 2022
Next filing
Mar 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AZZ COMMON STOCK Options Exercise $0 +10K +46.52% $0.00 31.5K Nov 1, 2022 Direct
transaction AZZ COMMON STOCK Options Exercise $0 +438 +1.39% $0.00 31.9K Nov 1, 2022 Direct F1
transaction AZZ COMMON STOCK Tax liability -$143K -3.52K -11.01% $40.56 28.4K Nov 1, 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 -10K -100% $0.00* 0 Nov 1, 2022 COMMON STOCK 10K 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 10,000 restricted stock units ("RSUs") granted on January 14, 2020, which AZZ has elected to pay in shares of AZZ common stock.
F2 The reporting person disposed of 3,517 shares of common stock to satisfy tax withholding obligations.
F3 Each RSU represents a contingent right to receive one share of AZZ common stock.
F4 The Reporting Person received a special one-time equity award of 10,000 RSUs on January 14, 2020 to cliff-vest in full on November 1, 2022.
F5 Once vested, the shares of common stock are not subject to expiration.