Fehlman Paul Wesley 4
4 · AZZ INC · Filed May 21, 2019
Insider Transaction Report
Form 4
AZZ INCAZZ
Fehlman Paul Wesley
Other
Transactions
- Exercise/Conversion
COMMON STOCK
2019-05-18+1,785→ 15,941 total - Tax Payment
COMMON STOCK
2019-05-18$45.56/sh−429$19,545→ 15,537 total - Exercise/Conversion
COMMON STOCK
2019-05-18+25→ 15,966 total - Exercise/Conversion
Restricted Stock Units
2019-05-18−1,785→ 3,572 total→ COMMON STOCK (1,785 underlying)
Footnotes (5)
- [F1]Represents the vesting of dividend equivalent rights accrued on 1,785 restricted stock units ("RSUs") granted on 5/18/2018, which AZZ 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 429 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 RSUs granted on 5/18/2018, vest ratably over a 3-year period beginning on 5/18/2019.
- [F5]Once vested, the shares of common stock are not subject to expiration.