Form 4: AZEK Co Inc. Director Gary Hendrickson Reports Acquisition of Deferred Stock Units

Director Gary Hendrickson reports acquisition of deferred stock units in AZEK Co Inc.

Summary

• Gary Hendrickson, a director of AZEK Co Inc., reported a transaction on September 10, 2024.
• Hendrickson acquired 782 shares of Class A Common Stock at a price of $41.8.
• These shares were in the form of deferred stock units (DSUs) granted in lieu of cash compensation under AZEK's Non-Employee Director Compensation Deferral program.
• The DSUs are fully vested and will settle in shares of AZEK Class A common stock on a one-for-one basis after Hendrickson's separation from the Board of Directors.
• Following the transaction, Hendrickson directly owns 228,621 shares and indirectly owns 140,892 shares through a trust.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a director's continued investment in the company through deferred stock units, aligning their interests with shareholders.

Positives

• The acquisition of DSUs reflects Hendrickson's continued investment in AZEK Co Inc.
• The structure of the DSU grant aligns Hendrickson's interests with the long-term performance of the company.

Future Outlook

The DSUs will be settled in shares of AZEK Class A common stock upon Hendrickson's separation from the Board of Directors.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding director compensation and ownership.

Key Dates