Doucet Michael 4
4 · AZZ INC · Filed May 26, 2020
Insider Transaction Report
Form 4
AZZ INCAZZ
Doucet Michael
SVP - Alternative Coatings
Transactions
- Exercise/Conversion
COMMON STOCK
2020-05-22+382→ 2,346 total - Exercise/Conversion
COMMON STOCK
2020-05-22+6→ 2,352 total - Tax Payment
COMMON STOCK
2020-05-22$31.28/sh−93$2,909→ 2,259 total - Exercise/Conversion
Restricted Stock Units
2020-05-22−382→ 766 total→ COMMON STOCK (382 underlying)
Footnotes (5)
- [F1]Represents the vesting of dividend equivalent rights accrued on 382 restricted stock units ("RSUs") granted on 5/22/2019, 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 93 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 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 5/22/2020.
- [F5]Once vested, the shares of common stock are not subject to expiration.