Tara D. Mackey - May 9, 2024 Form 4 Insider Report for AZZ INC (AZZ)

Role
Chief Legal Officer
Signature
Tara D Mackey
Stock symbol
AZZ
Transactions as of
May 9, 2024
Transactions value $
-$44,812
Form type
4
Date filed
5/13/2024, 05:47 PM
Previous filing
May 8, 2024
Next filing
Aug 28, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AZZ COMMON STOCK Options Exercise $0 +1.73K +5.24% $0.00 34.6K May 9, 2024 Direct
transaction AZZ COMMON STOCK Options Exercise $0 +50 +0.14% $0.00 34.7K May 9, 2024 Direct F1
transaction AZZ COMMON STOCK Tax liability -$44.8K -574 -1.66% $78.07 34.1K 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 -1.73K -50% $0.00 1.73K May 9, 2024 COMMON STOCK 1.73K 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.