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

Role
Chief Accounting Officer
Signature
/s/ Tara D. Mackey, attorney-in-fact for Tiffany Moseley
Stock symbol
AZZ
Transactions as of
May 22, 2024
Transactions value $
-$23,444
Form type
4
Date filed
5/24/2024, 02:34 PM
Previous filing
Apr 29, 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 +1.18K +366.77% $0.00 1.5K May 22, 2024 Direct
transaction AZZ COMMON STOCK Options Exercise $0 +10 +0.67% $0.00 1.51K May 22, 2024 Direct F1
transaction AZZ COMMON STOCK Tax liability -$23.4K -279 -18.44% $84.03 1.23K May 22, 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 -1.18K -33.31% $0.00 2.36K May 22, 2024 COMMON STOCK 1.18K 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.