4//SEC Filing
Bacius Chris M. 4
Accession 0000008947-22-000064
CIK 0000008947other
Filed
May 23, 8:00 PM ET
Accepted
May 24, 6:43 PM ET
Size
17.5 KB
Accession
0000008947-22-000064
Insider Transaction Report
Form 4
AZZ INCAZZ
Bacius Chris M.
VP, Corporate Development
Transactions
- Exercise/Conversion
COMMON STOCK
2022-05-22+3,979→ 22,699 total - Exercise/Conversion
COMMON STOCK
2022-05-22+41→ 22,445 total - Exercise/Conversion
Restricted Stock Units
2022-05-22−862→ 0 total→ COMMON STOCK (862 underlying) - Tax Payment
COMMON STOCK
2022-05-22$43.43/sh−1,348$58,544→ 21,542 total - Exercise/Conversion
Performance Share Units
2022-05-22−3,979→ 0 total→ COMMON STOCK (3,979 underlying) - Exercise/Conversion
COMMON STOCK
2022-05-22+191→ 22,890 total - Exercise/Conversion
COMMON STOCK
2022-05-22+862→ 22,404 total - Tax Payment
COMMON STOCK
2022-05-22$43.43/sh−291$12,638→ 22,154 total
Footnotes (10)
- [F1]Represent the vesting of dividend equivalent rights that accrued on the target performance share units ("PSUs") of 2,584 granted on 5/22/2019, which AZZ has settled in shares of AZZ common stock.
- [F10]The RSUs were granted under the 2014 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, which was 5/22/2019.
- [F2]The reporting person disposed of 1,348 shares of common stock to satisfy tax withholding obligations.
- [F3]Represents the vesting of dividend equivalent rights accrued on 862 restricted stock units ("RSUs") granted on 5/22/2019, which AZZ has elected to pay in shares of AZZ common stock.
- [F4]The reporting person disposed of 291 shares of common stock to satisfy tax withholding obligations.
- [F5]Each PSU represents a contingent right to receive shares of AZZ common stock with the actual number varying based on achieved results.
- [F6]Represents the number of shares acquired by the reporting person upon the vesting of PSUs granted on 5/22/2019. This number represents 2,584 target PSUs and 1,395 additional PSUs earned based upon the achievement of 154% of pre-established performance goals during the performance cycle.
- [F7]The PSUs were granted under AZZ's 2014 Long Term Incentive Plan (the "2014 Plan") and had a three-year performance cycle (3/1/2019- 2/28/2022).
- [F8]Once vested, the shares of common stock are not subject to expiration.
- [F9]Each RSU represents a contingent right to receive one share of AZZ common stock.
Documents
Issuer
AZZ INC
CIK 0000008947
Entity typeother
Related Parties
1- filerCIK 0001648393
Filing Metadata
- Form type
- 4
- Filed
- May 23, 8:00 PM ET
- Accepted
- May 24, 6:43 PM ET
- Size
- 17.5 KB