Ryan Lada - 01 Jul 2025 Form 4 Insider Report for AZEK Co Inc. (AZEK)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
02 Jul 2025, 06:30:30 UTC
Prior SEC filing
10 Feb 2025
Next SEC filing
28 Jul 2025
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Morgan Walbridge, as Attorney-in-Fact for Ryan Lada

Key filing fact

Ryan Lada filed Form 4 for AZEK Co Inc. (AZEK) on 02 Jul 2025.

Key facts

  • This page summarizes Ryan Lada's Form 4 filing for AZEK Co Inc. (AZEK).
  • 3 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 02 Jul 2025, 06:30.

Change

  • Previous filing in this sequence was filed on 10 Feb 2025.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0002052605 Primary reporting owner

Lada Ryan

Relationship
Chief Financial Officer
Address
1330 W. FULTON ST., SUITE 350, CHICAGO
Signature
/s/ Morgan Walbridge, as Attorney-in-Fact for Ryan Lada
Signature date
02 Jul 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

AZEK transaction

Class A Common Stock

Disposed to Issuer

Transaction value
Shares
-21,656
Change %
-100%
Price
Shares after
0
Date
01 Jul 2025
Ownership
Direct
Footnotes
F1, F2, F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

AZEK transaction Derivative

Performance-Based Restricted Stock Units

Disposed to Issuer

Transaction value
Shares
-17,458
Change %
-100%
Price
Shares after
0
Date
01 Jul 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
17,458
Exercise price
Footnotes
F1, F4, F5
AZEK transaction Derivative

Non-qualified stock options (right-to-buy)

Disposed to Issuer

Transaction value
Shares
-3,758
Change %
-100%
Price
Shares after
0
Date
01 Jul 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
3,758
Exercise price
$50.09
Footnotes
F1, F6, F7
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Ryan Lada is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 7 footnotes

Footnote F1

Represents shares (including in respect of shares underlying, as applicable, Company RSU Awards, Company PSU Awards and Company Stock Options (each as defined in the Agreement and Plan of Merger, dated as of March 23, 2025 (as amended, the "Merger Agreement"), by and among The AZEK Company Inc. ("AZEK"), James Hardie Industries plc ("JHX") and Juno Merger Sub Inc.)) disposed of pursuant to the closing of the transactions contemplated by the Merger Agreement.

Footnote F2

In accordance with the Merger Agreement, upon the Effective Time (as defined in the Merger Agreement), each share of Company Common Stock (as defined in the Merger Agreement) that was issued and outstanding immediately prior to the Effective Time (subject to certain exceptions) was converted into the right to receive $26.45 in cash, without interest (the "Cash Consideration"), and 1.0340 (the "Exchange Ratio") JHX ordinary shares, with cash in lieu of fractional JHX ordinary shares, where any such aggregated fractional shares are rounded to four (4) decimal places and multiplied by JHX's five-trading day volume-weighted average price ending on June 30, 2025, the trading day immediately prior to the closing of the transactions contemplated by the Merger Agreement (the "Parent Share Price") (collectively, the "Merger Consideration"). The Parent Share Price was $26.053018.

Footnote F3

Upon the Effective Time, each then-outstanding Company RSU Award held by the reporting person was assumed by JHX and converted into (A) a time-based restricted stock unit award of JHX covering a number of JHX ordinary shares (rounded to the nearest whole number of shares) equal to the product obtained by multiplying (1) the number of shares of Company Common Stock (as defined in the Merger Agreement) subject to the Company RSU Award by (2) the Exchange Ratio and (B) a cash award having a value equal to the product obtained by multiplying (1) the number of shares of Company Common Stock subject to the Company RSU Award by (2) the Cash Consideration. Each time-based restricted stock unit award of JHX and each cash award is subject to the same terms and conditions as were applicable to the Company RSU Award immediately prior to the Effective Time, including the vesting schedule.

Footnote F4

Upon the Effective Time, each then-outstanding Company PSU Award was assumed by JHX and converted into (A) a time-based restricted stock unit award of JHX covering a number of JHX ordinary shares (rounded to the nearest whole number of shares) equal to the product obtained by multiplying (1) the number of shares of Company Common Stock subject to the Company PSU Award by (2) the Exchange Ratio and (B) a cash award having a value equal to the product obtained by multiplying (1) the number of shares of Company Common Stock subject to the Company PSU Award by (2) the Cash Consideration. For purposes of the foregoing calculations, the number of shares of Company Common Stock subject to the Company PSU Award was determined based on (i) for fiscal years 2024 and 2025, actual performance and (ii) for fiscal years 2026 and 2027, target performance.

Footnote F5

(Continued from footnote 4) Each time-based restricted stock unit award of JHX and each cash award is subject to the same terms and conditions as were applicable to such Company PSU Award immediately prior to the Effective Time, including the vesting schedule (except that the performance-based vesting conditions do not apply from and after the Effective Time).

Footnote F6

Upon the Effective Time, each then-outstanding Company Stock Option held by the reporting person was assumed by JHX and converted into an option to purchase a number of JHX ordinary shares (rounded down to the nearest whole number of shares) equal to the product of (A) the number of shares of Company Common Stock subject to such Company Stock Option multiplied by (B) the Equity Award Exchange Ratio, with an exercise price per JHX ordinary share equal to the quotient (rounded up to the nearest whole cent) obtained by dividing (A) the exercise price per share of Company Common Stock subject to such Company Stock Option by (B) the Equity Award Exchange Ratio. The Equity Award Exchange Ratio is defined as the sum of (A) the quotient (rounded to four (4) decimal places) obtained by dividing (x) the Cash Consideration by (y) the Parent Share Price and (B) the Exchange Ratio.

Footnote F7

(Continued from footnote 6) Each stock option of JHX is subject to the same terms and conditions as were applicable to such Company Stock Option immediately prior to the Effective Time, including the vesting schedule.

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