Quick Takeaways
- This page summarizes Thomas E. Ferguson's Form 4 filing for AZZ INC (AZZ).
- 2 reported transactions and 2 derivative rows are listed below.
- Filing timestamp: 02 May 2023, 16:11.
Thomas E. Ferguson - 28 Apr 2023 Form 4 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 Apr 2023
- Net transactions value
- $0
- Form type
- 4
- Filing time
- 02 May 2023, 16:11:56 UTC
- Previous filing
- 01 Mar 2023
- Next filing
- 08 May 2023
- SEC
- View on sec.gov
Quoteable Key Fact
"Thomas E. Ferguson filed Form 4 for AZZ INC (AZZ) on 02 May 2023."
What Changed
- Previous filing in this sequence was filed on 01 Mar 2023.
- 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
Filed on Form 4
See Original Filing
Ownership activity is grounded in SEC Form 4 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 | Restricted Stock Units | Award | $0 | +26,932 | $0.000000 | 26,932 | 28 Apr 2023 | COMMON STOCK | 26,932 | Direct | F1, F2, F3 | ||
| transaction | AZZ | Performance Share Units | Award | $0 | +26,932 | $0.000000 | 26,932 | 28 Apr 2023 | COMMON STOCK | 26,932 | Direct | F4, F5 |
* An asterisk sign (*) next to the price indicates that the price is likely invalid.
Explanation of Responses:
| Id | Content |
|---|---|
| F1 | Each restricted stock unit ("RSU") represents a contingent right to receive one share of AZZ common stock. |
| 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. |
| F3 | Once vested, the shares of common stock are not subject to expiration. |
| 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. |
| 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%. |