MATTHEW VARLEY EMERY - 09 May 2024 Form 4 Insider Report for AZZ INC (AZZ)

Role
Chief Information & HR Officer
Signature
/s/ Tara D. Mackey, attorney-in-fact for Matthew V. Emery
Issuer symbol
AZZ
Transactions as of
09 May 2024
Net transactions value
-$38,879
Form type
4
Filing time
13 May 2024, 17:46:41 UTC
Previous filing
08 May 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AZZ COMMON STOCK Options Exercise $0 +1,498 +5% $0.000000 31,278 09 May 2024 Direct
transaction AZZ COMMON STOCK Options Exercise $0 +43 +0.14% $0.000000 31,321 09 May 2024 Direct F1
transaction AZZ COMMON STOCK Tax liability $38,879 -498 -1.6% $78.07 30,823 09 May 2024 Direct F2

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 -1,498 -100% $0.000000* 0 09 May 2024 COMMON STOCK 1,498 Direct F3, F4, F5
* 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 restricted stock units ("RSUs") granted on 5/9/2022, 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 Each RSU represents a contingent right to receive one share of AZZ common stock.
F4 The RSUs granted on 5/9/2022, vest over a 3-year period with one-third vesting on 5/9/2023, 5/9/2024 and 5/9/2025.
F5 Once vested, the shares of common stock are not subject to expiration.