Bacius Chris M. 4
4 · AZZ INC · Filed May 6, 2022
Insider Transaction Report
Form 4
AZZ INCAZZ
Bacius Chris M.
VP, Corporate Development
Transactions
- Exercise/Conversion
COMMON STOCK
2022-05-04+1,359→ 18,568 total - Tax Payment
COMMON STOCK
2022-05-04$47.67/sh−496$23,644→ 18,115 total - Exercise/Conversion
COMMON STOCK
2022-05-04+877→ 18,992 total - Exercise/Conversion
Restricted Stock Units
2022-05-04−877→ 1,757 total→ COMMON STOCK (877 underlying) - Exercise/Conversion
COMMON STOCK
2022-05-04+43→ 18,611 total - Exercise/Conversion
COMMON STOCK
2022-05-04+8→ 19,000 total - Tax Payment
COMMON STOCK
2022-05-04$47.67/sh−280$13,348→ 18,720 total - Exercise/Conversion
Restricted Stock Units
2022-05-04−1,359→ 1,360 total→ COMMON STOCK (1,359 underlying)
Footnotes (7)
- [F1]This represents the vesting of dividend equivalent rights accrued on 1,359 restricted stock units ("RSUs") granted on 5/4/2021, which AZZ has 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 shares of AZZ common stock to satisfy tax withholding obligations.
- [F3]This represents the vesting of dividend equivalent rights accrued on 877 RSUs granted on 5/4/2021, which AZZ has elected to pay in shares of AZZ common stock. These dividend equivalent rights vest when, and if, the underlying RSUs vest.
- [F4]Each RSU represents a contingent right to receive one share of AZZ common stock.
- [F5]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 5/4/2021.
- [F6]Once vested, the shares of common stock are not subject to expiration.
- [F7]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 5/4/2022.