THOMAS E. FERGUSON - 09 May 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
Issuer symbol
AZZ
Transactions as of
09 May 2024
Net transactions value
-$251,776
Form type
4
Filing time
13 May 2024, 17:47:34 UTC
Previous filing
08 May 2024
Next filing
11 Jul 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 +7,966 +3.6% $0.000000 231,665 09 May 2024 Direct
transaction AZZ COMMON STOCK Options Exercise $0 +232 +0.1% $0.000000 231,897 09 May 2024 Direct F1
transaction AZZ COMMON STOCK Tax liability $251,776 -3,225 -1.4% $78.07 228,672 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 -7,966 -50% $0.000000 7,966 09 May 2024 COMMON STOCK 7,966 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.