Mackey Tara D 4

What Happened Tara D. Mackey, Chief Legal Officer of AZZ Inc. (AZZ), had performance and restricted equity convert to common stock in late April 2026 and received new equity awards. Net activity: roughly 12,698 shares were delivered on vesting/conversion of PSUs/RSUs (4/25–4/28 dates reported), and 3,783 new RSU/PSU awards were granted on 4/27/2026. To satisfy tax withholding obligations, 4,565 shares were withheld/disposed across the transactions for proceeds totaling $647,286 (304 shares @ $144.78 = $44,013; 582 shares @ $141.58 = $82,400; 3,679 shares @ $141.58 = $520,873).

Key Details

• Transaction dates: vesting/conversions reported 4/25–4/28/2026 (note: RSUs that fell on Sat 4/25 vested on next NYSE business day 4/27/2026 per filing).
• Withholding disposals (tax): 304 @ $144.78 (4/25), 582 @ $141.58 (4/28), 3,679 @ $141.58 (4/28); total withheld value ≈ $647,286.
• Grants: 1,892 RSUs and 1,891 PSUs granted 4/27/2026 under AZZ’s 2023 Long‑Term Incentive Plan (will vest/award per plan terms).
• Notable footnotes: F10 explains the 9,706 shares delivered reflect PSUs granted 4/28/2023 that paid out at 184% of target; F1/F3/F4 note dividend equivalents on RSUs/PSUs were settled in stock; F2 confirms the share dispositions were to satisfy tax withholding.
• Shares owned after the transactions are not specified in the excerpt of the Form 4.
• Filing: Form 4 filed 4/29/2026; appears timely based on reported dates.

Context

• These were equity vestings and PSU payouts (derivative conversions, code M/A) with shares withheld for tax — a routine insider event, not an open‑market sale driven by discretionary trading. The 4,565‑share disposals were tax withholdings, not an independent sale signal.
• The 4/27/2026 grants include PSUs tied to FY2027 performance (TSR vs. peer group and ROIC; max payout 200% of target) and RSUs that vest ratably over three years.