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.
Key filing fact
Ownership activity is grounded in SEC Form 4 disclosures.
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
Award
Award
Additional SEC filing notes
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%.