Vellines Jeffrey 4

What Happened
Jeffrey Vellines, President & COO — Precoat Metals at AZZ (AZZ), had restricted stock units (RSUs) vest on January 23, 2026. The filing shows conversion/settlement of 1,439 RSUs into common shares (plus a separate 10-share conversion entry). To satisfy tax withholding, he disposed (surrendered) 717 shares at $123.60 per share for total withholding of $88,621. The remaining shares from this vesting appear to be retained (1,439 vested − 717 withheld = 722 net shares from this vesting).

Key Details

• Transaction date: January 23, 2026; Form 4 filed January 26, 2026 (timely filing).
• Acquisitions: conversion/exercise of RSU-related derivatives for 1,439 shares (and a separate 10-share conversion entry) recorded as acquired at $0 cost (these were vested RSUs/dividend equivalents).
• Disposal: 717 shares surrendered for tax withholding at $123.60 per share, total $88,621. (Tax-withholding disposition code: F)
• Net retained from this vesting: 722 shares (1,439 vested − 717 withheld).
• Footnotes: the shares reflect vested RSUs (each RSU = right to one share) and dividend equivalent rights; this was a special one-time equity grant that vests 50% on 1/23/2026 and 50% on 1/23/2027. Once vested, shares do not expire.
• Transaction codes: M = exercise/conversion of derivative (RSU settlement); F = tax withholding (surrendered shares). This was not an open-market sale but routine withholding to cover taxes.

Context

• This filing documents a routine vesting and tax-withholding event, not a discretionary market sale or a cash purchase. Such withholding sales are common when RSUs vest and do not necessarily indicate insider sentiment about the stock.