Thomas E. Ferguson - 28 Apr 2023 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
02 May 2023, 16:11:56 UTC
Prior SEC filing
01 Mar 2023
Next SEC filing
08 May 2023
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Tara D. Mackey, attorney-in-fact for Thomas E. Ferguson

Key filing fact

Thomas E. Ferguson filed Form 4 for AZZ INC (AZZ) on 02 May 2023.

Key facts

  • This page summarizes Thomas E. Ferguson's Form 4 filing for AZZ INC (AZZ).
  • 2 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 02 May 2023, 16:11.

Change

  • Previous filing in this sequence was filed on 01 Mar 2023.
  • Current net transaction value: $0.

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 derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

AZZ transaction Derivative

Restricted Stock Units

Award

Transaction value
$0
Shares
+26,932
Change %
Price
$0.000000
Shares after
26,932
Date
28 Apr 2023
Ownership
Direct
Underlying class
COMMON STOCK
Underlying amount
26,932
Exercise price
Footnotes
F1, F2, F3
AZZ transaction Derivative

Performance Share Units

Award

Transaction value
$0
Shares
+26,932
Change %
Price
$0.000000
Shares after
26,932
Date
28 Apr 2023
Ownership
Direct
Underlying class
COMMON STOCK
Underlying amount
26,932
Exercise price
Footnotes
F4, F5
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

Each restricted stock unit ("RSU") represents a contingent right to receive one share of AZZ common stock.

Footnote F2

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 4/28/2024.

Footnote F3

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

Footnote F4

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.

Footnote F5

Represents 100% of the target number of PSUs that could be earned at the end of the 3-year performance cycle (March 1, 2023 - February 28, 2026). The FY2024 PSU performance metric is AZZ's Total Shareholder Return ("TSR") relative to its executive compensation peer group. The maximum payout for the FY2024 PSUs is not to exceed 200%.

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