Kurt L. Russell - 13 May 2024 Form 4 Insider Report for AZZ INC (AZZ)

Role
COO - Precoat Metals
Signature
/s/ Tara D. Mackey, attorney-in-fact for Kurt L. Russell
Issuer symbol
AZZ
Transactions as of
13 May 2024
Transactions value $
-$463,128
Form type
4
Filing time
14 May 2024, 16:36:05
Previous filing
01 May 2024
Next filing
12 Jul 2024
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 +15K +106.89% $0.00 29K 13 May 2024 Direct
transaction AZZ Restricted Stock Units Options Exercise $0 +377 +2.51% $0.00 15.4K 13 May 2024 Direct F1
transaction AZZ Restricted Stock Units Tax liability -$463K -6.05K -39.28% $76.55 9.35K 13 May 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 -15K -100% $0.00* 0 13 May 2024 COMMON STOCK 15K 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 that accrued on restricted stock units ("RSUs") granted on 5/13/2022, which AZZ has settled 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 granted on 5/13/2022, vest ratably over a two-year period beginning on 5/13/2023.
F5 Once vested, the shares of common stock are not subject to expiration.