4//SEC Filing
Hill Gary L. 4
Accession 0000008947-22-000067
CIK 0000008947other
Filed
May 23, 8:00 PM ET
Accepted
May 24, 6:44 PM ET
Size
17.5 KB
Accession
0000008947-22-000067
Insider Transaction Report
Form 4
AZZ INCAZZ
Hill Gary L.
President & GM-Industrial
Transactions
- Exercise/Conversion
COMMON STOCK
2022-05-22+4,421→ 23,123 total - Tax Payment
COMMON STOCK
2022-05-22$43.43/sh−1,498$65,058→ 21,837 total - Exercise/Conversion
COMMON STOCK
2022-05-22+46→ 22,840 total - Exercise/Conversion
Performance Share Units
2022-05-22−4,421→ 0 total→ COMMON STOCK (4,421 underlying) - Exercise/Conversion
Restricted Stock Units
2022-05-22−957→ 0 total→ COMMON STOCK (957 underlying) - Exercise/Conversion
COMMON STOCK
2022-05-22+957→ 22,794 total - Tax Payment
COMMON STOCK
2022-05-22$43.43/sh−324$14,071→ 22,516 total - Exercise/Conversion
COMMON STOCK
2022-05-22+212→ 23,335 total
Footnotes (10)
- [F1]Represents the vesting of dividend equivalent rights accrued on 2,871 performance share units ("PSUs") granted on 5/22/2019, which AZZ has elected to pay in shares of AZZ common stock.
- [F10]The RSUs were granted under the 2014 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.
- [F2]The reporting person disposed of 1,498 shares of common stock to satisfy tax withholding obligations.
- [F3]Represents the vesting of dividend equivalent rights accrued on 957 restricted stock units ("RSUs") granted on 5/22/2019, which AZZ has elected to pay in shares of AZZ common stock.
- [F4]The reporting person disposed of 324 shares of common stock to satisfy tax withholding obligations.
- [F5]Each PSU represents a contingent right to receive shares of AZZ common stock with the actual number varying based on achieved results.
- [F6]Represents the number of shares acquired by the reporting person upon the vesting of PSUs granted on 5/22/2019. This number represents 2,871 target PSUs and 1,550 additional PSUs earned based upon the achievement of 154% of pre-established performance goals during the performance cycle.
- [F7]The PSUs were granted under AZZ's 2014 Long Term Incentive Plan (the "2014 Plan") and had a three-year performance cycle (3/1/2019- 2/28/2022).
- [F8]Once vested, the shares of common stock are not subject to expiration.
- [F9]Each RSU represents a contingent right to receive one share of AZZ common stock.
Documents
Issuer
AZZ INC
CIK 0000008947
Entity typeother
Related Parties
1- filerCIK 0001782810
Filing Metadata
- Form type
- 4
- Filed
- May 23, 8:00 PM ET
- Accepted
- May 24, 6:44 PM ET
- Size
- 17.5 KB