EMERY MATTHEW VARLEY 4

4 · AZZ INC · Filed May 8, 2024

Form 4

Period: 2024-05-04

VP CHIEF INFORMATION OFFICER

Transactions

Exercise/Conversion
COMMON STOCK
2024-05-04+895→ 27,547 total
Tax Payment
COMMON STOCK
2024-05-04$75.02/sh−1,207$90,549→ 29,780 total
Exercise/Conversion
Performance Share Units
2024-05-04−3,596→ 0 total
→ COMMON STOCK (3,596 underlying)
Exercise/Conversion
COMMON STOCK
2024-05-04+38→ 27,585 total
Tax Payment
COMMON STOCK
2024-05-04$75.02/sh−347$26,032→ 27,238 total
Exercise/Conversion
COMMON STOCK
2024-05-04+153→ 30,987 total
Exercise/Conversion
Restricted Stock Units
2024-05-04−895→ 0 total
→ COMMON STOCK (895 underlying)
Exercise/Conversion
COMMON STOCK
2024-05-04+3,596→ 30,834 total

Footnotes (10)

[F1]Represents the vesting of dividend equivalent rights that accrued on 895 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 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 2,684 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 2,684 target PSUs and 912 additional PSUs earned based upon the achievement of 134% of pre-established performance goals during the performance cycle.

Documents

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