Quick Takeaways
- This page summarizes Thomas E. Ferguson's Form 4 filing for AZZ INC (AZZ).
- 8 reported transactions and 2 derivative rows are listed below.
- Filing timestamp: 08 May 2024, 16:46.
Thomas E. Ferguson - 04 May 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
- 04 May 2024
- Net transactions value
- -$876,684
- Form type
- 4
- Filing time
- 08 May 2024, 16:46:02 UTC
- Previous filing
- 01 May 2024
- Next filing
- 13 May 2024
- SEC
- View on sec.gov
Quoteable Key Fact
"Thomas E. Ferguson filed Form 4 for AZZ INC (AZZ) on 08 May 2024."
What Changed
- Previous filing in this sequence was filed on 01 May 2024.
- Current net transaction value: -$876,684.
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
See Original Filing
Ownership activity is grounded in SEC Form 4 disclosures.
Transactions Table
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | AZZ | COMMON STOCK | Options Exercise | $0 | +5,834 | +2.8% | $0.000000 | 210,682 | 04 May 2024 | Direct | |
| transaction | AZZ | COMMON STOCK | Options Exercise | $0 | +249 | +0.12% | $0.000000 | 210,931 | 04 May 2024 | Direct | F1 |
| transaction | AZZ | COMMON STOCK | Tax liability | $154,841 | -2,064 | -0.98% | $75.02 | 208,867 | 04 May 2024 | Direct | F2, F3 |
| transaction | AZZ | COMMON STOCK | Options Exercise | $0 | +23,450 | +11% | $0.000000 | 232,317 | 04 May 2024 | Direct | |
| transaction | AZZ | COMMON STOCK | Options Exercise | $0 | +1,004 | +0.43% | $0.000000 | 233,321 | 04 May 2024 | Direct | F4 |
| transaction | AZZ | COMMON STOCK | Tax liability | $721,842 | -9,622 | -4.1% | $75.02 | 223,699 | 04 May 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 | -5,834 | -100% | $0.000000* | 0 | 04 May 2024 | COMMON STOCK | 5,834 | Direct | F5, F6, F7 | |
| transaction | AZZ | Performance Share Units | Options Exercise | $0 | -23,450 | -100% | $0.000000* | 0 | 04 May 2024 | COMMON STOCK | 23,450 | Direct | F7, F8, F9, F10 |
* 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 that accrued on 5,834 restricted stock units ("RSUs") granted on 5/4/2021, which AZZ has settled in shares of AZZ common stock. |
| F2 | The reporting person disposed of shares of common stock to satisfy tax withholding obligations. |
| F3 | Pursuant to Issuers 2014 Long Term Incentive Plan, as amended, should the vesting date fall on a weekend, the closing price shall be the last trading day prior to the vesting date. |
| F4 | Represents the vesting of dividend equivalent rights that accrued on the target performance share units ("PSUs") of 17,500 granted on 5/4/2021, which AZZ has settled in shares of AZZ common stock. |
| F5 | Each RSU represents a contingent right to receive one share of AZZ common stock. |
| F6 | The RSUs granted on 5/4/2021, vest ratably over a 3-year period beginning on 5/4/2022. |
| F7 | Once vested, the shares of common stock are not subject to expiration. |
| F8 | Each PSU represents a contingent right to receive shares of AZZ common stock with the actual number varying based on achieved results. |
| F9 | Represents the number of shares acquired by the reporting person upon the vesting of PSUs granted on 5/4/2021. This number represents 17,500 target PSUs and 5,950 additional PSUs earned based upon the achievement of 134% of pre-established performance goals during the performance cycle. |
| F10 | The PSUs were granted under Issuers 2014 Long Term Incentive Plan and had a three-year performance cycle (3/1/2021- 2/29/2024). |
Remarks:
Pursuant to New York Stock Exchange (NYSE) rules, in the event a vesting date of RSUs falls on a weekend or holiday, the affected RSUs will vest on the next following NYSE business day.