Doucet Michael 4
4 · AZZ INC · Filed May 19, 2020
Insider Transaction Report
Form 4
AZZ INCAZZ
Doucet Michael
SVP - Alternative Coatings
Transactions
- Exercise/Conversion
Restricted Stock Units
2020-05-18−397→ 397 total→ COMMON STOCK (397 underlying) - Exercise/Conversion
COMMON STOCK
2020-05-18+397→ 2,049 total - Tax Payment
COMMON STOCK
2020-05-18$30.06/sh−95$2,856→ 1,964 total - Exercise/Conversion
COMMON STOCK
2020-05-18+10→ 2,059 total
Footnotes (5)
- [F1]Represents the vesting of dividend equivalent rights accrued on 397 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 95 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.