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

Role
President and CEO, Director
Signature
/s/ Tara D. Mackey, attorney-in-fact for Thomas E. Ferguson
Stock symbol
AZZ
Transactions as of
Apr 28, 2024
Transactions value $
-$218,259
Form type
4
Date filed
5/1/2024, 06:07 PM
Previous filing
Apr 29, 2024
Next filing
May 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AZZ COMMON STOCK Options Exercise $0 +8.98K +4.51% $0.00 208K Apr 28, 2024 Direct
transaction AZZ COMMON STOCK Options Exercise $0 +89 +0.04% $0.00 208K Apr 28, 2024 Direct F1
transaction AZZ COMMON STOCK Tax liability -$218K -3.05K -1.47% $71.49 205K Apr 28, 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 +8.98K +99.99% $0.00 18K Apr 28, 2024 COMMON STOCK 8.98K 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.