4//SEC Filing
Schlom Philip A 4
Accession 0000008947-24-000097
CIK 0000008947other
Filed
May 7, 8:00 PM ET
Accepted
May 8, 4:45 PM ET
Size
17.8 KB
Accession
0000008947-24-000097
Insider Transaction Report
Form 4
AZZ INCAZZ
Schlom Philip A
VP, Chief Accounting Officer
Transactions
- Exercise/Conversion
COMMON STOCK
2024-05-04+174→ 21,947 total - Exercise/Conversion
Performance Share Units
2024-05-04−4,070→ 0 total→ COMMON STOCK (4,070 underlying) - Tax Payment
COMMON STOCK
2024-05-04$75.02/sh−373$27,982→ 17,703 total - Exercise/Conversion
COMMON STOCK
2024-05-04+4,070→ 21,773 total - Exercise/Conversion
COMMON STOCK
2024-05-04+1,013→ 18,033 total - Exercise/Conversion
COMMON STOCK
2024-05-04+43→ 18,076 total - Exercise/Conversion
Restricted Stock Units
2024-05-04−1,013→ 0 total→ COMMON STOCK (1,013 underlying) - Tax Payment
COMMON STOCK
2024-05-04$75.02/sh−1,372$102,927→ 20,575 total
Footnotes (10)
- [F1]Represents the vesting of dividend equivalent rights that accrued on 1,013 restricted stock units ("RSUs") granted on 5/4/2021, which AZZ has settled in shares of AZZ common stock.
- [F10]The PSUs were granted under AZZ's 2014 Long Term Incentive Plan and had a three-year performance cycle (3/1/2021- 2/29/2024).
- [F2]The reporting person disposed of shares of common stock to satisfy tax withholding obligations.
- [F3]Pursuant to the Issuers 2014 Long Term Incentive Plan, as amended, should the vesting date fall on a weekend, the closing price shall be the last trading day prior to the vesting date.
- [F4]Represents the vesting of dividend equivalent rights that accrued on the target performance share units ("PSUs") of 3,038 granted on 5/4/2021, which AZZ has settled in shares of AZZ common stock.
- [F5]Each RSU represents a contingent right to receive one share of AZZ common stock.
- [F6]The RSUs granted on 5/4/2021, vest ratably over a 3-year period beginning on 5/4/2022.
- [F7]Once vested, the shares of common stock are not subject to expiration.
- [F8]Each PSU represents a contingent right to receive shares of AZZ common stock with the actual number varying based on achieved results.
- [F9]Represents the number of shares acquired by the reporting person upon the vesting of PSUs granted on 5/4/2021. This number represents 3,038 target PSUs and 1,032 additional PSUs earned based upon the achievement of 134% of pre-established performance goals during the performance cycle.
Documents
Issuer
AZZ INC
CIK 0000008947
Entity typeother
Related Parties
1- filerCIK 0001472030
Filing Metadata
- Form type
- 4
- Filed
- May 7, 8:00 PM ET
- Accepted
- May 8, 4:45 PM ET
- Size
- 17.8 KB