AZZ (AZZ) CHRO Rhonda Davenport Receives Equity Award

What Happened Rhonda Davenport, Chief Human Resources Officer of AZZ Inc. (AZZ), was granted two equity awards on August 4, 2026: 512 restricted stock units (RSUs) and 512 performance share units (PSUs), recorded at $0.00 per unit (derivative awards). The awards total 1,024 units and will convert to or pay out in AZZ common stock only if vesting and/or performance conditions are met.

Key Details

• Transaction date: August 4, 2026; Form 4 filed August 5, 2026 (timely filing).
• Award entries: 512 RSUs and 512 PSUs, price reported $0.00 (standard for grants/derivatives).
• Shares owned after transaction: not specified in the supplied filing.
• RSU vesting: Grants under AZZ’s 2023 Long‑Term Incentive Plan; RSUs vest one-third on each of April 27, 2027, April 27, 2028 and April 27, 2029. Once vested, those shares are not subject to expiration. (F1–F3)
• PSU details: PSUs were granted under the 2023 Plan and represent a pro‑rata (7/12) portion of the FY2027 target for a three‑year performance cycle (Mar 1, 2027–Feb 28, 2030). Payout depends on AZZ’s relative Total Shareholder Return and Return on Invested Capital; maximum payout is 200% of target. (F4–F5)

Context These were compensation awards (derivative grants), not open‑market purchases or sales. RSUs provide a contingent right to one share each upon vesting; PSUs pay out shares based on future performance results, so the final number of shares and their value are not fixed today. Grants like these are routine for executive compensation and do not by themselves indicate an insider's intent to buy or sell stock.