Thomas E. Ferguson - Apr 25, 2024 Form 4/A - Amendment Insider Report for AZZ INC (AZZ)

Role
President and CEO, Director
Signature
/s/ Tara D. Mackey, attorney-in-fact for Thomas E. Ferguson
Stock symbol
AZZ
Transactions as of
Apr 25, 2024
Transactions value $
$0
Form type
4/A - Amendment
Date filed
1/30/2025, 06:35 PM
Date Of Original Report
Apr 29, 2024
Previous filing
Jul 11, 2023
Next filing
May 1, 2024
SEC
View on sec.gov

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 Award $0 +16.7K $0.00 16.7K Apr 25, 2024 COMMON STOCK 16.7K Direct F1, F2, F3, F4
transaction AZZ Performance Share Units Award $0 +16.7K $0.00 16.7K Apr 25, 2024 COMMON STOCK 16.7K Direct F2, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive one share of AZZ common stock.
F2 This Form 4/A amends the Form 4 previously filed on 4-29-2024, and is being filed solely to correct an administrative error that incorrectly reported the grant amount in Columns 5, 7 and 9. The grant amount was corrected from 17,248 to 16,746.
F3 The RSUs are granted under AZZ's 2023 Long Term Incentive Plan as part of the Issuer's annual equity award process, and vest over a three-year period with one-third of the RSUs vesting on each of the first (4-25-2025), second (4-25-2026) and third (4-25-2027) anniversaries of the grant date.
F4 Once vested, the shares of common stock are not subject to expiration.
F5 Each Performance Share Unit ("PSU") represents a contingent right to receive shares of AZZ common stock with the actual number varying based on achieved results.
F6 The PSUs are granted under AZZ's 2023 Long Term Incentive Plan as part of the Issuer's annual equity award process. The PSUs represent 100% of the target number of PSUs that could be earned at the end of the 3-year performance cycle, which runs from March 1, 2024 to February 28, 2027. The FY2025 PSU performance metrics are AZZ's Total Shareholder Return and Return on Investment Capital relative to its executive compensation peer group. The maximum payout for the FY2025 PSUs is not to exceed 200%.