AZZ CFO Jason Crawford Receives RSUs, Sells 374 Shares for Taxes

What Happened
Jason Crawford, Chief Financial Officer of AZZ Inc. (AZZ), had restricted-stock related units settle into common shares on 2026-04-24. The filing shows 946 shares were issued to him (940 and 6 shares reported as conversions/settlements at $0). To satisfy tax withholding obligations, 374 of those shares were disposed (sold/withheld) at $143.33 per share, netting $53,605. Net new shares retained by Crawford from this event: 946 acquired − 374 withheld = 572 shares.

Key Details

• Transaction date: 2026-04-24; Form 4 filed 2026-04-27.
• Acquisitions: 940 and 6 shares reported as derivative conversions/settlements at $0.
• Disposal for taxes: 374 shares at $143.33 each = $53,605. (Reported as F = tax withholding.)
• Shares owned after transaction: Not reported in the filing.
• Relevant footnotes:
  • F1/F3: 940 shares reflect dividend-equivalent rights accrued on 940 RSUs; each RSU represents a contingent right to one share.
  • F4: RSUs were granted 4/24/2025 under the 2023 Long-Term Incentive Plan and vest ratably over a 3-year period beginning 4/24/2026.
  • F2: The 374-share disposition was to satisfy tax withholding.
  • F5: Once vested, the shares are not subject to expiration.
• Filing timeliness: Reported within days of the transaction (no late filing flag in the report).

Context
This was not an open-market investment by the insider but routine settlement of equity awards (RSUs/dividend equivalents) and withholding/sale to meet tax obligations. For retail investors, award vesting increases insider shareholding but the withholding sale is a standard administrative action and not a directional purchase/sale signal.