4//SEC Filing
Lavelle Ken 4
Accession 0000008947-21-000107
CIK 0000008947other
Filed
May 23, 8:00 PM ET
Accepted
May 24, 5:16 PM ET
Size
10.3 KB
Accession
0000008947-21-000107
Insider Transaction Report
Form 4
AZZ INCAZZ
Lavelle Ken
President & GM - Electrical
Transactions
- Exercise/Conversion
COMMON STOCK
2021-05-22+957→ 16,221 total - Exercise/Conversion
COMMON STOCK
2021-05-22+32→ 16,253 total - Tax Payment
COMMON STOCK
2021-05-22$53.61/sh−240$12,866→ 16,013 total - Exercise/Conversion
Restricted Stock Units
2021-05-22−957→ 957 total→ COMMON STOCK (957 underlying)
Footnotes (5)
- [F1]Represents the vesting of dividend equivalent rights that accrued on 957 restricted stock units ("RSUs') granted on 5/22/2019, which AZZ has settled in shares of AZZ common stock. These dividend equivalent rights vest when, and if, the underlying RSUs vest.
- [F2]The reporting person disposed of 240 shares of common stock to satisfy tax withholding obligations.
- [F3]Each RSU represents a contingent right to receive one share of AZZ common stock.
- [F4]The RSUs are granted under AZZ's 2014 Long Term Incentive Plan and vest over a three-year period with 1/3rd of the RSUs vesting on each of the first, second and third anniversaries of the grant date, which was 5/22/2019.
- [F5]Once vested, the shares of AZZ common stock are not subject to expiration.
Documents
Issuer
AZZ INC
CIK 0000008947
Entity typeother
Related Parties
1- filerCIK 0001713345
Filing Metadata
- Form type
- 4
- Filed
- May 23, 8:00 PM ET
- Accepted
- May 24, 5:16 PM ET
- Size
- 10.3 KB