Kurt L. Russell - May 12, 2023 Form 4 Insider Report for AZZ INC (AZZ)

Role
COO - Precoat Metals
Signature
/s/ Tara D. Mackey, attorney-in-fact for Kurt L. Russell
Stock symbol
AZZ
Transactions as of
May 12, 2023
Transactions value $
-$168,147
Form type
4
Date filed
5/16/2023, 05:01 PM
Previous filing
May 2, 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 +15K +500% $0.00 18K May 12, 2023 Direct
transaction AZZ COMMON STOCK Options Exercise $0 +122 +0.68% $0.00 18.1K May 12, 2023 Direct F1
transaction AZZ COMMON STOCK Tax liability -$168K -4.71K -25.99% $35.70 13.4K May 12, 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 -15K -50% $0.00 15K May 12, 2023 COMMON STOCK 15K Direct F3, F4, F5, F6
* 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 5/13/2022, 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 Each RSU represents a contingent right to receive one share of AZZ common stock.
F4 Because the vesting date of the RSUs fell on a weekend, vesting occurred on 5/12/2023, the last trading day prior to the vesting date.
F5 The RSUs granted on 5/13/2022, vest ratably over a two-year period beginning on 5/13/2023.
F6 Once vested, the shares of common stock are not subject to expiration.