Bacius Chris M. 4
4 · AZZ INC · Filed Jul 26, 2021
Insider Transaction Report
Form 4
AZZ INCAZZ
Bacius Chris M.
VP, Corporate Development
Transactions
- Exercise/Conversion
COMMON STOCK
2021-07-22$46.34/sh+2,724$126,230→ 19,706 total - Tax Payment
COMMON STOCK
2021-07-22$52.09/sh−73$3,803→ 17,209 total - Exercise/Conversion
STOCK APPRECIATION RIGHTS
2021-07-22−2,724→ 0 total→ COMMON STOCK (2,724 underlying) - Disposition to Issuer
COMMON STOCK
2021-07-22$52.09/sh−2,424$126,266→ 17,282 total
Footnotes (5)
- [F1]Shares forfeited for the conversion of stock appreciation rights ("SARs"), which were settled in shares of AZZ common stock in an amount equal to the excess value of the grant date price ($46.34) over the exercise prices ($52.09).
- [F2]The reporting person forfeited 73 shares of common stock to satisfy tax withholding obligations on the exercised SARs.
- [F3]The conversion of SARs are settled in shares of AZZ common stock in an amount equal to the excess value of the grant date price of ($46.34) over the exercise price of ($52.09) on the exercise date.
- [F4]On September 1, 2014, the reporting person was granted SARs, which vested ratably over a three-year period beginning on March 1, 2015.
- [F5]The SARs granted on September 1, 2014 have an expiration date of September 1, 2021.