Mackey Tara D 4
Research Summary
AI-generated summary
AZZ CLO Tara Mackey Buys 305 Shares via Employee Stock Purchase Plan
What Happened
Tara D. Mackey, Chief Legal Officer of AZZ Inc. (AZZ), acquired 305 shares of AZZ common stock on June 30, 2026 at $69.63 per share, for a total purchase of $21,237. The shares were bought under AZZ’s 2018 Employee Stock Purchase Plan (ESPP).
Key Details
- Transaction date: 2026-06-30; Filing date: 2026-07-01 (filing appears timely).
- Price: $69.63 per share; Total value: $21,237.
- Shares acquired: 305.
- Shares owned after transaction: not disclosed in the Form 4 provided.
- Footnote: Purchase was under the AZZ 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 filing notes this transaction is exempt under the ESPP provisions (Rule 16b-3(c) reference).
- No indication this was an option exercise, gift, or sale—this is an ESPP purchase (purchase = acquisition).
Context
ESPP purchases are common for employees and reflect participation in a discounted, payroll-based plan; they are routinely reported but do not by themselves signal a change in company outlook. The 85% pricing noted in the footnote means the purchase price included the plan discount applied per the ESPP rules.