Accession Number: | 0000008947-20-000118 |
Date: | 2020-05-22 |
Issuer: | AZZ INC (AZZ) |
Original Submission Date: |
MACKEY TARA D
ONE MUSEUM PLACE
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 |
---|---|---|---|---|---|---|---|---|---|
COMMON STOCK | 2020-05-22 | M | 1,148 | a | $0.00 | 10,738 | direct | ||
COMMON STOCK | 2020-05-22 | M | 20 | a | $0.00 | 10,758 | direct | ||
COMMON STOCK | 2020-05-22 | F | 284 | d | $31.28 | 10,474 | direct |
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 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
RESTRICTED STOCK UNITS | 0.0 | 2020-05-22 | deemed execution date | M | 1,148 (d) | common stock 1,148 | $0.00 | 2,297 | direct |
ID | footnote |
---|---|
f1 | represents the vesting of dividend equivalent rights accrued on 1,148 restricted stock units ("rsus") granted on 5/22/2019, which azz 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 284 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 beginning on 5/22/2020. |
f5 | once vested, the shares of common stock are not subject to expiration. |