MATTHEW VARLEY EMERY - 09 May 2023 Form 4 Insider Report for AZZ INC (AZZ)

Role
Chief Information & HR Officer
Signature
/s/ Tara D. Mackey, attorney-in-fact for Matthew V. Emery
Issuer symbol
AZZ
Transactions as of
09 May 2023
Net transactions value
-$17,384
Form type
4
Filing time
11 May 2023, 16:41:39 UTC
Previous filing
08 May 2023
Next filing
01 May 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AZZ COMMON STOCK Options Exercise $0 +1,497 +6% $0.000000 26,306 09 May 2023 Direct
transaction AZZ COMMON STOCK Options Exercise $0 +18 +0.07% $0.000000 26,324 09 May 2023 Direct F1
transaction AZZ COMMON STOCK Tax liability $17,384 -489 -1.9% $35.55 25,835 09 May 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 -1,497 -33% $0.000000 2,996 09 May 2023 COMMON STOCK 1,497 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 on restricted stock units ("RSUs") granted on 5/9/2022, which AZZ elected to pay in shares of AZZ common stock.
F2 The reporting person disposed 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 RSUs granted on 5/9/2022, vest ratably over a three-year period beginning on 5/9/2023.
F5 Once vested, the shares of common stock are not subject to expiration.