Form 4: AZEK Co Inc. Director Harmit J. Singh Reports Changes in Beneficial Ownership

Director Harmit J. Singh reports acquisition and disposal of AZEK Co Inc. Class A Common Stock and grants of restricted stock units and deferred stock units.

Summary

• On March 4, 2025, Harmit J. Singh, a director of AZEK Co Inc., reported changes in beneficial ownership of the company's stock.
• Singh acquired 3,433 shares of Class A Common Stock.
• Singh disposed of shares of Class A Common Stock at $0.
• Following the reported transactions, Singh beneficially owns 12,731 shares of Class A Common Stock directly.
• The report also details the grant of 2,926 restricted stock units (RSUs) vesting on the earlier of one year from the grant date or the next annual stockholder meeting.
• Additionally, 507 deferred stock units (DSUs) were granted, fully vested, in lieu of cash compensation under AZEK's Non-Employee Director Compensation Deferral program.
• Settlement of the RSUs is deferred until termination of service as a director, while DSUs settle in shares of AZEK Class A common stock on a one-for-one basis after separation from the Board of Directors.

Sentiment

Score: 6

Explanation: The document is a standard regulatory filing, indicating routine transactions. The sentiment is neutral as it reflects normal corporate activity.

Positives

• The grant of RSUs and DSUs to a director aligns their interests with the long-term performance of the company.
• The director's continued holding of 12,731 shares indicates confidence in the company.

Future Outlook

The vesting and settlement terms of the RSUs and DSUs suggest a continued alignment of the director's interests with the company's performance until their service ends.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing is typical for directors receiving stock-based compensation.

Stakeholder Impact

• The transactions reported may have a minor impact on shareholders by providing insight into director's holdings and compensation structure.
• Employees may be indirectly affected by the alignment of director's interests with company performance.

Key Dates