Form 4: AZZ Inc. Chief Legal Officer Reports Stock Transactions
SEC Form 4 Filing
Tara D Mackey, Chief Legal Officer of AZZ Inc., reports acquisition and disposal of common stock and vesting of restricted stock units.
Summary
- On May 9, 2024, Tara D Mackey, Chief Legal Officer of AZZ Inc., reported transactions involving AZZ common stock.
- These transactions included the vesting of 1,725 restricted stock units (RSUs) and dividend equivalent rights settled in shares of AZZ common stock.
- Mackey also disposed of 574 shares to satisfy tax withholding obligations at a price of $78.07 per share.
- Following these transactions, Mackey directly owns 34,091 shares of AZZ common stock and 1,725 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine disclosure of insider transactions, with no indication of positive or negative sentiment. It reflects standard compensation practices.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, ensuring fair market practices.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/09/2022 | Date of grant for the restricted stock units that are vesting over a 3-year period. |
| 05/09/2023 | First vesting date for one-third of the restricted stock units granted on 5/9/2022. |
| 05/09/2024 | Date of the reported transactions, including vesting of RSUs and tax-related disposal of shares. |
| 05/09/2025 | Final vesting date for one-third of the restricted stock units granted on 5/9/2022. |
| 05/13/2024 | Date of signature for the Form 4 filing. |
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