Quick Takeaways
- This page summarizes Thomas E. Ferguson's Form 5 filing for AZZ INC (AZZ).
- 2 reported transactions and 2 derivative rows are listed below.
- Filing timestamp: 01 Mar 2023, 15:53.
Thomas E. Ferguson - 28 Feb 2023 Form 5 Insider Report for AZZ INC (AZZ)
- Signature
- /s/ Tara D. Mackey, attorney-in-fact for Thomas E. Ferguson
- Issuer symbol
- AZZ
- Transactions as of
- 28 Feb 2023
- Net transactions value
- $0
- Form type
- 5
- Filing time
- 01 Mar 2023, 15:53:35 UTC
- Previous filing
- 10 Aug 2022
- Next filing
- 02 May 2023
- SEC
- View on sec.gov
Quoteable Key Fact
"Thomas E. Ferguson filed Form 5 for AZZ INC (AZZ) on 01 Mar 2023."
What Changed
- Previous filing in this sequence was filed on 10 Aug 2022.
- Current net transaction value: $0.
Why This Matters
- 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.
Source Evidence
Official SEC Source
See Original Filing
Ownership activity is grounded in SEC Form 5 disclosures.
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 | Performance Share Units | Award | $0 | +19,916 | $0.000000 | 19,916 | 09 May 2022 | COMMON STOCK | 19,916 | Direct | F1, F2 | ||
| transaction | AZZ | Restricted Stock Units | Award | $0 | +23,899 | $0.000000 | 23,899 | 09 May 2022 | COMMON STOCK | 23,899 | Direct | F3, F4, F5 |
* An asterisk sign (*) next to the price indicates that the price is likely invalid.
Explanation of Responses:
| Id | Content |
|---|---|
| F1 | Each Performance Share Unit ("PSU") represents a contingent right to receive shares of AZZ common stock with the actual number varying based on achieved results. |
| F2 | Represents 100% of the target number of PSUs that could be earned at the end of the 3-year performance cycle (March 1, 2022 - February 28, 2025). The FY2023 PSU performance metric is AZZ's Total Shareholder Return ("TSR") relative to its industry peer group. The maximum payout for the FY2023 PSUs is not to exceed 200%. |
| F3 | Each restricted stock unit ("RSU") represents a contingent right to receive one share of AZZ common stock. |
| F4 | The RSUs are granted under the AZZ Inc. 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 5/9/2023. |
| F5 | Once vested, the shares of common stock are not subject to expiration. |
Remarks:
The transactions above were not timely reported due to an inadvertent administrative error and were filed as soon as the error was discovered.