Tara D. Mackey - 25 Apr 2024 Form 4 Insider Report for AZZ INC (AZZ)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
29 Apr 2024, 17:40:26 UTC
Prior SEC filing
29 Aug 2024
Next SEC filing
01 May 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
Tara D Mackey

Key filing fact

Tara D. Mackey filed Form 4 for AZZ INC (AZZ) on 29 Apr 2024.

Key facts

  • This page summarizes Tara D. Mackey's Form 4 filing for AZZ INC (AZZ).
  • 2 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 29 Apr 2024, 17:40.

Change

  • Previous filing in this sequence was filed on 29 Aug 2024.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

AZZ transaction Derivative

Restricted Stock Units

Award

Transaction value
$0
Shares
+2,791
Change %
Price
$0.000000
Shares after
2,791
Date
25 Apr 2024
Ownership
Direct
Underlying class
COMMON STOCK
Underlying amount
2,791
Exercise price
Footnotes
F1, F2, F3
AZZ transaction Derivative

Performance Share Units

Award

Transaction value
$0
Shares
+2,791
Change %
Price
$0.000000
Shares after
2,791
Date
25 Apr 2024
Ownership
Direct
Underlying class
COMMON STOCK
Underlying amount
2,791
Exercise price
Footnotes
F4, F5
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

Each RSU represents a contingent right to receive one share of AZZ common stock.

Footnote F2

The RSUs are granted under AZZ's 2023 Long Term Incentive Plan as part of the Issuer's annual equity award process, and vest over a three-year period with one-third of the RSUs vesting on each of the first (4/25/2025), second (4-25-2026) and third (4-25-2027)anniversaries of the grant date.

Footnote F3

Once vested, the shares of common stock are not subject to expiration.

Footnote F4

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.

Footnote F5

The PSUs are granted under AZZ's 2023 Long Term Incentive Plan as part of the Issuer's annual equity award process. The PSUs represent 100% of the target number of PSUs that could be earned at the end of the 3-year performance cycle, which runs from March 1, 2024 to February 28, 2027. The FY2025 PSU performance metrics are AZZ's Total Shareholder Return and Return on Investment Capital relative to its executive compensation peer group. The maximum payout for the FY2025 PSUs is not to exceed 200%.

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