Bryan Lee Stovall - 04 May 2022 Form 4 Insider Report for AZZ INC (AZZ)

Role
COO - Metal Coatings
Signature
/s/ Tara D. Mackey, attorney-in-fact for Bryan L. Stovall
Issuer symbol
AZZ
Transactions as of
04 May 2022
Net transactions value
-$71,648
Form type
4
Filing time
06 May 2022, 16:44:39 UTC
Previous filing
24 May 2021
Next filing
24 May 2022
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 +1,495 +9.1% $0.000000 17,889 04 May 2022 Direct
transaction AZZ COMMON STOCK Options Exercise $0 +14 +0.08% $0.000000 17,903 04 May 2022 Direct F1
transaction AZZ COMMON STOCK Tax liability $23,215 -487 -2.7% $47.67 17,416 04 May 2022 Direct F2
transaction AZZ COMMON STOCK Options Exercise $0 +1,812 +10% $0.000000 19,228 04 May 2022 Direct
transaction AZZ COMMON STOCK Options Exercise $0 +58 +0.3% $0.000000 19,286 04 May 2022 Direct F3
transaction AZZ COMMON STOCK Tax liability $29,460 -618 -3.2% $47.67 18,668 04 May 2022 Direct F2
transaction AZZ COMMON STOCK Options Exercise $0 +1,221 +6.5% $0.000000 19,889 04 May 2022 Direct
transaction AZZ COMMON STOCK Options Exercise $0 +12 +0.06% $0.000000 19,901 04 May 2022 Direct F4
transaction AZZ COMMON STOCK Tax liability $18,973 -398 -2% $47.67 19,503 04 May 2022 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 -1,495 -100% $0.000000* 0 04 May 2022 COMMON STOCK 1,495 Direct F5, F6, F7
transaction AZZ Restricted Stock Units Options Exercise $0 -1,812 -50% $0.000000 1,812 04 May 2022 COMMON STOCK 1,812 Direct F5, F7, F8
transaction AZZ Restricted Stock Units Options Exercise $0 -1,221 -33% $0.000000 2,442 04 May 2022 COMMON STOCK 1,221 Direct F5, F7, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This represents the vesting of dividend equivalent rights accrued on 1,495 restricted stock units ("RSUs") granted on 5/4/2021, which AZZ has elected to pay in shares of AZZ common stock. These dividend equivalent rights vest when, and if, the underlying RSUs vest.
F2 The reporting person disposed of shares of common stock to satisfy tax withholding obligations.
F3 This represents the vesting of dividend equivalent rights accrued on 1,812 RSUs granted on 5/4/2021, which AZZ has elected to pay in shares of AZZ common stock. These dividend equivalent rights vest when, and if, the underlying RSUs vest.
F4 This represents the vesting of dividend equivalent rights accrued on 1,221 RSUs granted on 5/4/2021, which AZZ has elected to pay in shares of AZZ common stock. These dividend equivalent rights vest when, and if, the underlying RSUs vest.
F5 Each RSU represents a contingent right to receive one share of AZZ common stock.
F6 Mr. Stovall was granted a special one-time equity award on May 2021 that will cliff vest in full one year from the date of grant.
F7 Once vested, the shares of common stock are not subject to expiration.
F8 The RSUs are granted under AZZ's 2014 Long Term Incentive Plan and vest over a three-year period with 1/3rd of the RSUs vesting on each of the first, second and third anniversaries of the grant date beginning on 5/4/2021.
F9 The RSUs are granted under AZZ's 2014 Long Term Incentive Plan and vest over a three-year period with 1/3rd of the RSUs vesting on each of the first, second and third anniversaries of the grant date beginning on 5/4/2022.