Thomas E. Ferguson - 28 Apr 2024 Form 4 Insider Report for AZZ INC (AZZ)

Signature
/s/ Tara D. Mackey, attorney-in-fact for Thomas E. Ferguson
Issuer symbol
AZZ
Transactions as of
28 Apr 2024
Net transactions value
-$218,259
Form type
4
Filing time
01 May 2024, 18:07:14 UTC
Previous filing
30 Jan 2025
Next filing
08 May 2024

Quoteable Key Fact

"Thomas E. Ferguson filed Form 4 for AZZ INC (AZZ) on 01 May 2024."

Quick Takeaways

  • This page summarizes Thomas E. Ferguson's Form 4 filing for AZZ INC (AZZ).
  • 4 reported transactions and 1 derivative row are listed below.
  • Filing timestamp: 01 May 2024, 18:07.

What Changed

  • Previous filing in this sequence was filed on 30 Jan 2025.
  • Current net transaction value: -$218,259.

Why This Matters

  • 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.

Source Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

See Original Filing

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AZZ COMMON STOCK Options Exercise $0 +8,977 +4.5% $0.000000 207,812 28 Apr 2024 Direct
transaction AZZ COMMON STOCK Options Exercise $0 +89 +0.04% $0.000000 207,901 28 Apr 2024 Direct F1
transaction AZZ COMMON STOCK Tax liability $218,259 -3,053 -1.5% $71.49 204,848 28 Apr 2024 Direct F2, F3

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 +8,977 +100% $0.000000 17,955 28 Apr 2024 COMMON STOCK 8,977 Direct 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 4/28/2023, 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 Pursuant to Issuers 2014 Long Term Incentive Plan, as amended, if the vesting date falls on a weekend or holiday, the closing price shall be the closing price on the last trading day prior to the vesting date.
F4 Each RSU represents a contingent right to receive one share of AZZ common stock.
F5 The RSUs granted on 4/28/2023 vest ratably over a 3-year period beginning on 4/28/2024.
F6 Once vested, the shares of AZZ common stock are not subject to expiration.

Remarks:

Pursuant to New York Stock Exchange (NYSE) and SEC rules, in the event of a vesting date of equity awards falling on a weekend or holiday, the vesting shall be reportable on the next business day that the report would have been due if such vesting date would not have fallen on a weekend or holiday.

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