Accession Number: | 0000008947-22-000047 |
Date: | 2022-05-04 |
Issuer: | AZZ INC (AZZ) |
Original Submission Date: |
FERGUSON THOMAS E
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 |
---|---|---|---|---|---|---|---|---|---|
COMMON STOCK | 2022-05-04 | M | 9,061 | a | $0.00 | 143,254 | direct | ||
COMMON STOCK | 2022-05-04 | M | 291 | a | $0.00 | 143,545 | direct | ||
COMMON STOCK | 2022-05-04 | F | 3,025 | d | $47.67 | 140,520 | direct | ||
COMMON STOCK | 2022-05-04 | M | 5,833 | a | $0.00 | 146,353 | direct | ||
COMMON STOCK | 2022-05-04 | M | 57 | a | $0.00 | 146,410 | direct | ||
COMMON STOCK | 2022-05-04 | F | 1,905 | d | $47.67 | 144,505 | 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 | 2022-05-04 | deemed execution date | M | 9,061 (d) | common stock 9,061 | $0.00 | 9,061 | direct | |||
RESTRICTED STOCK UNITS | 0.0 | 2022-05-04 | deemed execution date | M | 5,833 (d) | common stock 5,833 | $0.00 | 11,667 | direct |
ID | footnote |
---|---|
f1 | this represents the vesting of dividend equivalent rights accrued on 9,061 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 5,833 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. |