4//SEC Filing
Moseley Tiffany 4
Accession 0000008947-23-000141
CIK 0000008947other
Filed
Aug 8, 8:00 PM ET
Accepted
Aug 9, 4:12 PM ET
Size
10.6 KB
Accession
0000008947-23-000141
Insider Transaction Report
Form 4
AZZ INCAZZ
Moseley Tiffany
Chief Accounting Officer
Transactions
- Award
Restricted Stock Units
2023-08-08+3,545→ 3,545 total→ COMMON STOCK (3,545 underlying) - Award
Restricted Stock Units
2023-08-08+6,952→ 6,952 total→ COMMON STOCK (6,952 underlying) - Award
Performance Share Units
2023-08-08+3,545→ 3,545 total→ COMMON STOCK (3,545 underlying)
Footnotes (7)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of AZZ common stock.
- [F2]The RSUs are granted under AZZ's 2023 Long-Term Incentive Plan and vest over a three-year period with one-third of the RSUs vesting on 5/22/2024, 5/22/2025 and 5/22/2026.
- [F3]Once vested, the shares of common stock are not subject to expiration.
- [F4]Each Performance Share Unit ("PSU") represents a contingent right to receive shares of AZZ common stock with the actual number varying based on achieved results.
- [F5]Represents 100% of the target number of PSUs that could be earned at the end of the 3-year performance cycle (3/1/2023 - 2/28/2026). The FY2024 PSU performance metric is AZZ's Total Shareholder Return ("TSR") relative to its executive compensation peer group. The maximum payout for the FY2024 PSUs is not to exceed 200%.
- [F6]Each RSU represents a contingent right to receive one share of AZZ common stock.
- [F7]Pursuant to Ms. Moseley's offer letter of employment, she was granted a one time equity award of 6,952 RSUs on 8/8/2023 that will cliff vest in full on 5/22/2025.
Documents
Issuer
AZZ INC
CIK 0000008947
Entity typeother
Related Parties
1- filerCIK 0001980979
Filing Metadata
- Form type
- 4
- Filed
- Aug 8, 8:00 PM ET
- Accepted
- Aug 9, 4:12 PM ET
- Size
- 10.6 KB