Accession Number: | 0000008947-20-000084 |
Date: | 2020-05-04 |
Issuer: | AZZ INC (AZZ) |
Original Submission Date: |
STOVALL BRYAN LEE
ONE MUSEUM PLACE SUITE 500
3100 WEST 7TH STREET
FORT WORTH, TX 76107
Title of Security | Transaction Date | 2a. Deemed Execution Date | Transaction Code | Shares | Acquired or Disposed | Price per share | 5. Amount of Securities Beneficially Owned Following Reported Transaction | 6. Ownership Form Direct or Indirect | Nature of Indirect Ownership |
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Title of Derivative Security | Conversion or Exercise Price of Derivative Security | Transaction Date | Deemed Execution Date | Transaction Code | Number of Derivative Securities Acquired (A) or Disposed of (D) | Date Exercisable | Expiration Date | Title and Amount of Securities Underlying Derivative Security | Price of Derivative Security | Number of derivative Securities Beneficially Owned Following Reported Transaction(s) | Ownership Form: Direct (D) or Indirect (I) | Nature of Indirect Beneficial Ownership |
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RESTRICTED STOCK UNITS | 0.0 | 2020-05-04 | deemed execution date | A | 5,437 (a) | common stock 5,437 | $0.00 | 5,437 | direct | |||
PERFORMANCE SHARE UNITS | 0.0 | 2020-05-04 | deemed execution date | A | 3,625 (a) | common stock 3,625 | $0.00 | 3,625 | direct |
ID | footnote |
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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 2014 long term incentive plan (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. |
f3 | each performance share unit ("psu") represents a contingent right to receive shares of azz common stock based on achieved results at the end of the 3-year performance cycle. |
f4 | represents 100% of the target number of psus that could be earned at the end of the 3-year performance cycle. the fy2021 psu performance metric is azz's total shareholder return ("tsr") relative to its industry peer group. the maximum payout for the fy2021 psus is not to exceed 200%. |