Bryan Lee Stovall - 01 Nov 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
01 Nov 2022
Net transactions value
-$142,650
Form type
4
Filing time
02 Nov 2022, 16:23:33 UTC
Previous filing
24 May 2022
Next filing
01 Mar 2023
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 +10,000 +47% $0.000000 31,497 01 Nov 2022 Direct
transaction AZZ COMMON STOCK Options Exercise $0 +438 +1.4% $0.000000 31,935 01 Nov 2022 Direct F1
transaction AZZ COMMON STOCK Tax liability $142,650 -3,517 -11% $40.56 28,418 01 Nov 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 -10,000 -100% $0.000000* 0 01 Nov 2022 COMMON STOCK 10,000 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 accrued on 10,000 restricted stock units ("RSUs") granted on January 14, 2020, which AZZ has elected to pay in shares of AZZ common stock.
F2 The reporting person disposed of 3,517 shares of common stock to satisfy tax withholding obligations.
F3 Each RSU represents a contingent right to receive one share of AZZ common stock.
F4 The Reporting Person received a special one-time equity award of 10,000 RSUs on January 14, 2020 to cliff-vest in full on November 1, 2022.
F5 Once vested, the shares of common stock are not subject to expiration.