Form 4: AZEK Co Inc. Director Harmit J. Singh Reports Acquisition of Class A Common Stock

Director Harmit J. Singh reports acquiring 539 shares of AZEK Co Inc. Class A Common Stock at $41.80 per share on September 10, 2024, bringing total direct holdings to 8,883 shares.

Summary

• On September 10, 2024, Harmit J. Singh, a director of AZEK Co Inc., acquired 539 shares of Class A Common Stock at a price of $41.80 per share.
• The acquisition was made directly.
• Following the transaction, Singh directly owns 8,883 shares of AZEK Co Inc. Class A Common Stock.
• The reported transaction also includes deferred stock units (DSUs) that were granted pursuant to AZEK's Non-Employee Director Compensation Deferral program, in lieu of cash compensation, and were fully vested as of the date of the grant.
• The DSUs settle in shares of AZEK Class A common stock on a one-for-one basis following the reporting person's separation from the Board of Directors for any reason.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of a director's stock acquisition. While insider buying can be seen as a positive signal, it's a small transaction and doesn't necessarily indicate a strong bullish outlook.

Positives

• Director's acquisition of shares may signal confidence in the company's future prospects.

Future Outlook

The DSUs will settle in shares of AZEK Class A common stock on a one-for-one basis following the reporting person's separation from the Board of Directors for any reason.

Industry Context

Form 4 filings are standard disclosures required by the SEC to ensure transparency in insider trading activities, providing investors with insights into the actions of company insiders.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider trading activities.

Key Dates