Form 4: AZZ Inc. CEO Thomas Ferguson Reports Stock Transactions
SEC Form 4 Filing
AZZ Inc. CEO Thomas Ferguson reports the vesting of restricted stock units and associated tax withholding transactions.
Summary
- On April 28, 2024, Thomas E. Ferguson, the President and CEO of AZZ Inc., reported transactions involving AZZ common stock.
- These transactions included the vesting of 8,977 restricted stock units (RSUs) and the vesting of dividend equivalent rights on restricted stock units (RSUs) granted on 4/28/2023, which AZZ has elected to pay in shares of AZZ common stock, resulting in the acquisition of 89 shares.
- Ferguson also disposed of 3,053 shares to satisfy tax withholding obligations at a price of $71.49 per share.
- Following these transactions, Ferguson directly owns 204,848 shares of AZZ common stock and 17,955 derivative securities.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and does not inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their trading activities and beneficial ownership of company stock.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they relate to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/28/2023 | Date of grant for the restricted stock units that vested in part on 04/28/2024 |
| 04/28/2024 | Date of the reported transactions, including vesting of RSUs and tax withholding. |
| 05/01/2024 | Date of signature for the Form 4 filing. |
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