Tiffany Moseley - 22 May 2024 Form 4 Insider Report for AZZ INC (AZZ)

Role
Chief Accounting Officer
Signature
/s/ Tara D. Mackey, attorney-in-fact for Tiffany Moseley
Issuer symbol
AZZ
Transactions as of
22 May 2024
Net transactions value
-$23,444
Form type
4
Filing time
24 May 2024, 14:34:30 UTC
Previous filing
29 Apr 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 +1,181 +367% $0.000000 1,503 22 May 2024 Direct
transaction AZZ COMMON STOCK Options Exercise $0 +10 +0.67% $0.000000 1,513 22 May 2024 Direct F1
transaction AZZ COMMON STOCK Tax liability $23,444 -279 -18% $84.03 1,234 22 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 -1,181 -33% $0.000000 2,364 22 May 2024 COMMON STOCK 1,181 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 on restricted stock units (RSUs) granted on 8/8/2023, which AZZ has elected to pay 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 are granted under AZZ's 2023 Long-Term Incentive Plan and vest over a three-year period with one-third of the RSUs vesting on 5/22/2024, 5/22/2025 and 5/22/2026.
F5 Once vested, the shares of common stock are not subject to expiration.