Form 4: AZEK Co Inc. Director Vernon J. Nagel Reports Stock Award

Director Vernon J. Nagel of AZEK Co Inc. reports the acquisition of 3,545 shares of Class A Common Stock through restricted stock units and deferred stock units.

Summary

• On March 4, 2025, Vernon J. Nagel, a director of AZEK Co Inc., reported the acquisition of 3,545 shares of Class A Common Stock.
• These shares were obtained through the granting of 2,926 restricted stock units (RSUs) and 619 deferred stock units (DSUs).
• The RSUs will vest on the earlier of the one-year anniversary of the grant date or the Issuer's next annual stockholder meeting.
• The DSUs were granted in lieu of cash compensation under AZEK's Non-Employee Director Compensation Deferral program and were fully vested as of the grant date.
• Settlement of the RSUs is deferred until the termination of Nagel's service as a director, while the DSUs will settle in shares of AZEK Class A common stock on a one-for-one basis upon his separation from the Board of Directors.
• Following the reported transaction, Nagel beneficially owns 44,641 shares of AZEK Class A Common Stock directly.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It doesn't inherently convey positive or negative sentiment.

Positives

• The grant of RSUs and DSUs to a director aligns their interests with those of the shareholders.
• The DSUs being granted in lieu of cash compensation could be seen as a positive for the company's cash flow.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with company performance.

Key Dates