Form Type: 4

SEC EDGAR Link
Accession Number:0000008947-22-000070
Date:2022-05-22
Issuer: AZZ INC (AZZ)
Original Submission Date:

Reporting Person:

STOVALL BRYAN LEE
ONE MUSEUM PLACE SUITE 500
3100 WEST 7TH STREET FORT WORTH, TX 76107

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2022-05-22 M 2,122 a $0.00 21,625 direct
COMMON STOCK 2022-05-22 M 102 a $0.00 21,727 direct
COMMON STOCK 2022-05-22 F 719 d $43.43 21,008 direct
COMMON STOCK 2022-05-22 M 689 a $0.00 21,697 direct
COMMON STOCK 2022-05-22 M 33 a $0.00 21,730 direct
COMMON STOCK 2022-05-22 F 233 d $43.43 21,497 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
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 ExercisableExpiration 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
PERFORMANCE SHARE UNITS 0.0 2022-05-22 deemed execution date M 2,122 (d) common stock 2,122 $0.00 0 direct
RESTRICTED STOCK UNITS 0.0 2022-05-22 deemed execution date M 689 (d) common stock 689 $0.00 0 direct
Footnotes
IDfootnote
f1 represent the vesting of dividend equivalent rights that accrued on the target performance share units ("psus") of 1,378 granted on 5/22/2019, which azz has settled in shares of azz common stock.
f2 the reporting person disposed of 719 shares of common stock to satisfy tax withholding obligations.
f3 represents the vesting of dividend equivalent rights accrued on 689 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 33 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 1,378 target psus and 744 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.
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 may 22, 2019.
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