Philip A. Schlom - 09 May 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
Issuer symbol
AZZ
Transactions as of
09 May 2023
Net transactions value
-$24,103
Form type
4
Filing time
11 May 2023, 16:42:58 UTC
Previous filing
08 May 2023
Next filing
11 Jul 2023
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 +2,078 +15% $0.000000 15,941 09 May 2023 Direct
transaction AZZ COMMON STOCK Options Exercise $0 +25 +0.16% $0.000000 15,966 09 May 2023 Direct F1
transaction AZZ COMMON STOCK Tax liability $24,103 -678 -4.2% $35.55 15,288 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 -2,078 -33% $0.000000 4,158 09 May 2023 COMMON STOCK 2,078 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.