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AZZ INC·4

Apr 29, 5:02 PM ET

Crawford Jason 4

Research Summary

AI-generated summary

Updated

AZZ CFO Jason Crawford Receives 13,289 Shares; Sells 3,315 for Taxes

What Happened
Jason Crawford, Chief Financial Officer of AZZ Inc. (AZZ), received a total of 13,289 shares through the vesting/settlement of performance and restricted stock units and new equity awards, and had 3,315 shares withheld/sold to satisfy tax obligations for aggregate cash of $470,572. Key items:

  • Vesting/settlement: multiple derivative conversions (RSU/PSU dividend equivalents and vested PSUs) yielded 8,429 shares from prior grants (notably 6,147 shares from PSUs granted 4/28/2023 that paid out at 184% of target). Dividend-equivalent settlements on vested RSUs added 1,114 and 971 shares.
  • New awards: two awards of 2,430 shares each were granted on 4/27/2026 (one set of RSUs and one set of PSUs under the company’s LTIP).
  • Tax withholding/disposal: 386 shares sold at $144.78 (≈$55,885), 449 shares sold at $141.58 (≈$63,569), and 2,480 shares sold at $141.58 (≈$351,118) — total proceeds ≈ $470,572.

Key Details

  • Transaction dates: vesting/settlement on 4/25/2026 (processed 4/27/2026 per NYSE rules), 4/28/2026; awards granted 4/27/2026; tax-withholding disposals on 4/25–4/28/2026.
  • Prices: derivative conversions recorded at $0 (these are vestings/settlements, not purchases); tax-withholding disposals at $144.78 and $141.58.
  • Shares sold for taxes: 3,315 shares; total cash received by reporting person ≈ $470,572.
  • Shares owned after transactions: not specified in the filing.
  • Notable footnotes:
    • PSUs from 4/28/2023 paid out at 184% of target, producing 6,147 shares (F10, F11).
    • Dividend-equivalent settlements on RSUs added shares (F1, F3, F4).
    • New 4/27/2026 awards include PSUs tied to TSR and ROIC through a 3-year performance cycle (max payout 200%) and RSUs that vest ratably over three years (F12, F13).
  • Filing timeliness: filing dated 2026-04-29; no late filing flag noted in the provided filing.

Context and plain-English takeaways

  • These transactions are primarily vesting/settlement events and new awards — not open-market purchases or deliberate sales for cash gain. The shares “disposed” were used to satisfy tax-withholding obligations (routine).
  • For retail investors: vesting of PSUs at 184% indicates a strong performance-based payout for that performance cycle, but awards and routine tax-withholding do not by themselves imply the insider is buying or selling on a view of the stock’s near-term prospects.