Teachers Pension Ontario - Feb 15, 2023 Form 4 Insider Report for AZEK Co Inc. (AZEK)

Role: Director, 10%+ Owner
Signature: /s/ Jonathan Law, Managing Director, Corporate & Investments Compliance
Stock symbol: AZEK
Transactions as of: Feb 15, 2023
Transactions value $: -$124,310,970
Form type: 4
Date filed: 2/16/2023, 03:11 PM
Previous filing: Aug 4, 2021
Next filing: May 18, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AZEK	Class A Common Stock, par value $0.01 per share	Sale	-$124M	-4.77M	-24.98%	$26.06	14.3M	Feb 15, 2023	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The reported securities are owned by Ontario Teachers' Pension Plan Board ("OTPP"). Each of Mr. Blake Sumler and Mr. Ashfaq Qadri may be deemed to have power to dispose of or convert the shares held by OTPP because of a delegation of authority from the Board of Directors of OTPP; however, approval of disposition decisions is made by senior personnel within the capital markets group of OTPP in accordance with internal portfolio guidelines. Voting decisions are made by personnel within the public equities group of OTPP in accordance with internal proxy voting guidelines. As such, each of Messrs. Sumler and Qadri expressly disclaims beneficial ownership of such shares.

Content

The reported securities are owned by Ontario Teachers' Pension Plan Board ("OTPP"). Each of Mr. Blake Sumler and Mr. Ashfaq Qadri may be deemed to have power to dispose of or convert the shares held by OTPP because of a delegation of authority from the Board of Directors of OTPP; however, approval of disposition decisions is made by senior personnel within the capital markets group of OTPP in accordance with internal portfolio guidelines. Voting decisions are made by personnel within the public equities group of OTPP in accordance with internal proxy voting guidelines. As such, each of Messrs. Sumler and Qadri expressly disclaims beneficial ownership of such shares.

Remarks:

OTPP has the right to nominate directors for election to the board of directors of the Issuer pursuant to a stockholders agreement, dated June 11, 2020, by and among the Issuer, Ares Corporate Opportunities Fund IV, L.P. ("ACOF IV") and OTPP. OTPP and ACOF IV have jointly nominated one director to the Issuer's board of directors, and OTPP has nominated one director. Accordingly, OTPP listed hereon may be deemed to be a director by deputization.