Byelick James Drew 4
4 · AZZ INC · Filed May 22, 2018
Insider Transaction Report
Form 4
AZZ INCAZZ
Byelick James Drew
VP & Chief Accounting Officer
Transactions
- Award
Performance Share Units
2018-05-18+1,428→ 1,428 total→ COMMON STOCK (1,428 underlying) - Award
Restricted Stock Units
2018-05-18+1,428→ 1,428 total→ COMMON STOCK (1,428 underlying)
Footnotes (4)
- [F1]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.
- [F2]Represents 100% of the target number of PSUs that will be earned, if at all, based upon the achievement of certain pre-established performance goals during the 3-year performance cycle (3/1/2018 - 2/28/2021), which is subject to a 25% total shareholder return ("TSR") modifier that may be applied if AZZ's TSR ranks in the top quartile relative to the TSR generated by each company in AZZ's industry peer group and a 25% decrease if AZZ's TSR is in the bottom quartile relative to its industry peer group..
- [F3]Each restricted stock unit ("RSU") represents a contingent right to receive one share of AZZ common stock.
- [F4]The RSUs are granted under AZZ's 2014 Long Term Incentive Plan and vest over a 3-year period with 1/3rd of the RSUs vesting on each of the first, second and third anniversaries of the grant date beginning on 5/18/2019.