4//SEC Filing
Lavelle Ken 4
Accession 0000008947-22-000049
CIK 0000008947other
Filed
May 5, 8:00 PM ET
Accepted
May 6, 4:42 PM ET
Size
17.0 KB
Accession
0000008947-22-000049
Insider Transaction Report
Form 4
AZZ INCAZZ
Lavelle Ken
President & GM - Electrical
Transactions
- Exercise/Conversion
COMMON STOCK
2022-05-04+1,510→ 18,049 total - Exercise/Conversion
COMMON STOCK
2022-05-04+48→ 18,097 total - Tax Payment
COMMON STOCK
2022-05-04$47.67/sh−586$27,935→ 17,511 total - Exercise/Conversion
COMMON STOCK
2022-05-04+814→ 18,325 total - Exercise/Conversion
COMMON STOCK
2022-05-04+8→ 18,333 total - Tax Payment
COMMON STOCK
2022-05-04$47.67/sh−313$14,921→ 18,020 total - Exercise/Conversion
Restricted Stock Units
2022-05-04−1,510→ 1,510 total→ COMMON STOCK (1,510 underlying) - Exercise/Conversion
Restricted Stock Units
2022-05-04−814→ 1,629 total→ COMMON STOCK (814 underlying)
Footnotes (7)
- [F1]This represents the vesting of dividend equivalent rights accrued on 1,510 restricted stock units ("RSUs") granted on 5/4/2021, which AZZ has elected to pay in shares of AZZ common stock. These dividend equivalent rights vest when, and if, the underlying RSUs vest.
- [F2]The reporting person disposed of shares of AZZ common stock to satisfy tax withholding obligations.
- [F3]This represents the vesting of dividend equivalent rights accrued on 814 RSUs granted on 5/4/2021, which AZZ has elected to pay in shares of AZZ common stock. These dividend equivalent rights vest when, and if, the underlying RSUs vest.
- [F4]Each RSU represents a contingent right to receive one share of AZZ common stock.
- [F5]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 beginning on 5/4/2021.
- [F6]Once vested, the shares of common stock are not subject to expiration.
- [F7]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 beginning on 5/4/2022.
Documents
Issuer
AZZ INC
CIK 0000008947
Entity typeother
Related Parties
1- filerCIK 0001713345
Filing Metadata
- Form type
- 4
- Filed
- May 5, 8:00 PM ET
- Accepted
- May 6, 4:42 PM ET
- Size
- 17.0 KB