FERGUSON THOMAS E 4
Research Summary
AI-generated summary
AZZ CEO Thomas E. Ferguson Buys 305 Shares via ESPP
What Happened
Thomas E. Ferguson, President & CEO and a director of AZZ Inc. (AZZ), acquired 305 shares of AZZ common stock on 2026-06-30 at $69.63 per share, a transaction valued at approximately $21,237. This was a purchase under AZZ's Employee Stock Purchase Plan (ESPP), a routine employee purchase rather than an open-market investment.
Key Details
- Transaction date and price: 2026-06-30 at $69.63 per share (total ≈ $21,237).
- Transaction type/code: Other acquisition (code J) reported as an ESPP purchase.
- Shares owned after transaction: Not specified in the filing.
- Filing timeliness: Report filed 2026-07-01 (timely; Form 4 due within two business days).
- Footnote: Reporting person voluntarily reported the purchase under the AZZ Inc. 2018 ESPP. The purchase is exempt from Rule 16b-3(c); shares were bought based on 85% of the issuer’s closing stock price on the enrollment date for the ESPP purchase period Jan 1–Jun 30, 2026.
Context
ESPP purchases are typically payroll-funded purchases at a discounted price (here, effectively priced using an 85% factor per the plan) and are common for employees and officers. Such purchases are routine and do not, by themselves, indicate management’s broader market view.