Kurt L. Russell - 13 May 2024 Form 4 Insider Report for AZZ INC (AZZ)

Role: COO - Precoat Metals
Signature: /s/ Tara D. Mackey, attorney-in-fact for Kurt L. Russell
Issuer symbol: AZZ
Transactions as of: 13 May 2024
Net transactions value: -$463,128
Form type: 4
Filing time: 14 May 2024, 16:36:05 UTC
Previous filing: 01 May 2024
Next filing: 12 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	+15,000	+107%	$0.000000	29,033	13 May 2024	Direct
transaction	AZZ	Restricted Stock Units	Options Exercise	$0	+377	+2.5%	$0.000000	15,404	13 May 2024	Direct	F1
transaction	AZZ	Restricted Stock Units	Tax liability	$463,128	-6,050	-39%	$76.55	9,354	13 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	-15,000	-100%	$0.000000^*	0	13 May 2024	COMMON STOCK	15,000		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 5/13/2022, which AZZ has settled in shares of AZZ common stock.
F2	The reporting person disposed of shares of AZZ 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 5/13/2022, vest ratably over a two-year period beginning on 5/13/2023.
F5	Once vested, the shares of common stock are not subject to expiration.