Stovall Bryan Lee 4
4 · AZZ INC · Filed May 13, 2025
Insider Transaction Report
Form 4
AZZ INCAZZ
Stovall Bryan Lee
Vice President
Transactions
- Exercise/Conversion
COMMON STOCK
2025-05-09+73→ 24,188 total - Exercise/Conversion
COMMON STOCK
2025-05-09+6,023→ 29,448 total - Exercise/Conversion
COMMON STOCK
2025-05-09+212→ 29,660 total - Tax Payment
COMMON STOCK
2025-05-09$91.49/sh−763$69,807→ 23,425 total - Exercise/Conversion
Restricted Stock Units
2025-05-09−2,098→ 0 total→ COMMON STOCK (2,098 underlying) - Exercise/Conversion
Performance Share Units
2025-05-09−6,023→ 0 total→ COMMON STOCK (6,023 underlying) - Exercise/Conversion
COMMON STOCK
2025-05-09+2,098→ 24,115 total - Tax Payment
COMMON STOCK
2025-05-09$91.49/sh−2,453$224,425→ 27,207 total
Footnotes (9)
- [F1]Represents the vesting of dividend equivalent rights that accrued on 2,098 restricted stock units ("RSUs") granted on 5/9/2022, which AZZ has settled in shares of AZZ common stock.
- [F2]The reporting person disposed of shares of common stock to satisfy tax withholding obligations.
- [F3]Represents the vesting of dividend equivalent rights that accrued on the target performance share units ("PSUs") of 4,495 granted on 5/9/2022, which AZZ has settled in shares of AZZ common stock.
- [F4]Each RSU represents a contingent right to receive one share of AZZ common stock.
- [F5]The RSUs granted on 5/9/2022, vest ratably over a 3-year period beginning on 5/9/2023.
- [F6]Once vested, the shares of common stock are not subject to expiration.
- [F7]Each PSU represents a contingent right to receive shares of AZZ common stock with the actual number varying based on achieved results.
- [F8]Represents the number of shares acquired by the reporting person upon the vesting of PSUs granted on 5/9/2022. This number represents 4,495 target PSUs and 1,528 additional PSUs earned based upon the achievement of 134% of pre-established performance goals during the performance cycle.
- [F9]The PSUs granted on 5/9/2022 were granted under Issuers 2014 Long Term Incentive Plan and had a three-year performance cycle (3/1/2022- 2/28/2025).