Thomas E. Ferguson - May 9, 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
May 9, 2024
Transactions value $
-$251,776
Form type
4
Date filed
5/13/2024, 05:47 PM
Previous filing
May 8, 2024
Next filing
Jul 11, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AZZ COMMON STOCK Options Exercise $0 +7.97K +3.56% $0.00 232K May 9, 2024 Direct
transaction AZZ COMMON STOCK Options Exercise $0 +232 +0.1% $0.00 232K May 9, 2024 Direct F1
transaction AZZ COMMON STOCK Tax liability -$252K -3.23K -1.39% $78.07 229K May 9, 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 -7.97K -50% $0.00 7.97K May 9, 2024 COMMON STOCK 7.97K 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.