4//SEC Filing
Doucet Michael 4
Accession 0000008947-19-000101
CIK 0000008947other
Filed
May 23, 8:00 PM ET
Accepted
May 24, 3:03 PM ET
Size
8.4 KB
Accession
0000008947-19-000101
Insider Transaction Report
Form 4
AZZ INCAZZ
Doucet Michael
SVP - Alternative Coatings
Transactions
- Award
Performance Share Units
2019-05-22+1,148→ 1,148 total→ COMMON STOCK (1,148 underlying) - Award
Restricted Stock Units
2019-05-22+1,148→ 1,148 total→ COMMON STOCK (1,148 underlying)
Footnotes (4)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of AZZ common stock.
- [F2]The RSUs are granted under AZZ's 2014 Long Term Incentive Plan and vest over a three-year period with 1/3rd of the RSUs vesting on each of the first, second and third anniversaries of the grant date beginning on 5/22/2020.
- [F3]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.
- [F4]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 (3/1/2019 - 2/28/2022), 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 custom industry peer group and a 25% decrease if AZZ's TSR is in the bottom quartile relative to its industry peer group.
Documents
Issuer
AZZ INC
CIK 0000008947
Entity typeother
Related Parties
1- filerCIK 0001772376
Filing Metadata
- Form type
- 4
- Filed
- May 23, 8:00 PM ET
- Accepted
- May 24, 3:03 PM ET
- Size
- 8.4 KB