Tara D. Mackey - May 9, 2023 Form 4 Insider Report for AZZ INC (AZZ)

Role
Chief Legal Officer
Signature
Tara D Mackey
Stock symbol
AZZ
Transactions as of
May 9, 2023
Transactions value $
-$20,015
Form type
4
Date filed
5/11/2023, 04:42 PM
Previous filing
May 8, 2023
Next filing
Jul 11, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AZZ COMMON STOCK Options Exercise $0 +1.73K +6.54% $0.00 28.1K May 9, 2023 Direct
transaction AZZ COMMON STOCK Options Exercise $0 +20 +0.07% $0.00 28.1K May 9, 2023 Direct F1
transaction AZZ COMMON STOCK Tax liability -$20K -563 -2% $35.55 27.6K May 9, 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 -1.73K -33.33% $0.00 3.45K May 9, 2023 COMMON STOCK 1.73K 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.