Vellines Jeffrey 4
Research Summary
AI-generated summary
AZZ (AZZ) President & COO Jeffrey Vellines Buys 22 Shares
What Happened
Jeffrey Vellines, President & COO — Precoat Metals at AZZ Inc., purchased 22 shares of AZZ common stock on June 30, 2026 at $91.10 per share, for a total of approximately $2,004. The shares were acquired through AZZ’s 2018 Employee Stock Purchase Plan (ESPP), a routine employee purchase rather than an open-market trade.
Key Details
- Transaction date and price: 2026-06-30, 22 shares at $91.10 each (total ≈ $2,004).
- Transaction type: Acquisition through ESPP (reported as "other acquisition" — code J).
- Shares owned after transaction: Not specified in the filing.
- Footnote: The filing states the purchase was under the 2018 ESPP for the Jan 1–Jun 30, 2026 purchase period; shares were bought at 85% of the closing price on the enrollment date. The transaction is exempt under Rule 16b-3(c).
- Filing timeliness: Report filed 2026-07-01 for a 2026-06-30 transaction; appears timely under Form 4 rules.
Context
ESPP purchases are common for employees and typically executed at a preset discount (here, 85% of the enrollment-date closing price). This small, routine purchase (~$2k) is a normal employee transaction and should be viewed differently from large insider buys or sales that might signal a stronger directional view.