Philip A. Schlom - May 4, 2023 Form 4 Insider Report for AZZ INC (AZZ)

Role
SVP, Chief Financial Officer
Signature
/s/Tara D. Mackey, attorney-if-fact for Philip A. Schlom
Stock symbol
AZZ
Transactions as of
May 4, 2023
Transactions value $
-$60,222
Form type
4
Date filed
5/8/2023, 07:02 PM
Previous filing
May 2, 2023
Next filing
May 11, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AZZ COMMON STOCK Options Exercise $0 +1.36K +13.28% $0.00 11.6K May 4, 2023 Direct
transaction AZZ COMMON STOCK Options Exercise $0 +65 +0.56% $0.00 11.7K May 4, 2023 Direct F1
transaction AZZ COMMON STOCK Tax liability -$16.2K -447 -3.83% $36.30 11.2K May 4, 2023 Direct F2
transaction AZZ COMMON STOCK Options Exercise $0 +1.01K +9.03% $0.00 12.2K May 4, 2023 Direct
transaction AZZ COMMON STOCK Options Exercise $0 +26 +0.21% $0.00 12.3K May 4, 2023 Direct F3
transaction AZZ COMMON STOCK Tax liability -$11.8K -326 -2.66% $36.30 11.9K May 4, 2023 Direct F2
transaction AZZ COMMON STOCK Options Exercise $0 +2.69K +22.56% $0.00 14.6K May 4, 2023 Direct F4
transaction AZZ COMMON STOCK Options Exercise $0 +129 +0.88% $0.00 14.7K May 4, 2023 Direct F5
transaction AZZ COMMON STOCK Tax liability -$32.2K -886 -6.01% $36.30 13.9K May 4, 2023 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 -1.36K -100% $0.00* 0 May 4, 2023 COMMON STOCK 1.36K Direct F6, F7, F8
transaction AZZ Restricted Stock Units Options Exercise $0 -1.01K -100% $0.00* 0 May 4, 2023 COMMON STOCK 1.01K Direct F6, F8, F9
transaction AZZ Performance Share Units Options Exercise $0 -2.69K -50.26% $0.00 2.66K May 4, 2023 COMMON STOCK 2.69K Direct F8, F10, F11
* 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 on restricted stock unit (RSUs) granted on 5/4/2020, which AZZ has elected to pay in shares of AZZ common stock.
F2 The reporting person disposed of common stock to satisfy tax withholding obligations.
F3 Represents the vesting of dividend equivalent rights on RSUs granted on 5/4/2021, which AZZ has elected to pay in shares of AZZ common stock.
F4 This number represents the number of shares issued to the Reporting Person based upon the achievement of 66% of the pre-established performance goals over the three-year performance cycle. This target PSU award was previously granted on 5/4/2020.
F5 Represents the vesting of dividend equivalent rights on performance share units (PSUs) granted on 5/4/2020, which AZZ has elected to pay in shares of AZZ common stock.
F6 Each RSU represents a contingent right to receive one share of AZZ common stock.
F7 The RSU granted on 5/4/2020, vest ratably over a 3-year period beginning on 5/4/2021.
F8 Once vested, the shares of common stock are not subject to expiration.
F9 The RSUs ranted on 5/4/2021, vest ratably over a 3-year period beginning on 5/4/2022.
F10 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.
F11 The PSUs were granted under AZZ's 2014 Long Term Incentive Plan (the "2014 Plan") and had a three-year performance cycle (3/1/2020 - 2/28/2023).