Form 4: AZZ Inc. COO Bryan Lee Stovall Reports Stock Transactions
SEC Form 4 Filing
AZZ Inc. COO Bryan Lee Stovall reports the vesting of restricted stock units and subsequent stock transactions.
Summary
- Bryan Lee Stovall, COO of Metal Coatings at AZZ Inc., reported transactions involving AZZ common stock on May 9, 2024.
- These transactions include the vesting of 2,098 restricted stock units (RSUs) and 61 dividend equivalent rights, both settled in shares of AZZ common stock.
- Stovall also disposed of 698 shares to satisfy tax withholding obligations at a price of $78.07 per share.
- Following these transactions, Stovall directly owns 34,545 shares of AZZ common stock and 2,097 RSUs.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they relate to executive compensation and do not represent a significant change in company ownership.
Key Dates
| Date | Description |
|---|---|
| 05/09/2022 | Date of grant for the restricted stock units that vested. |
| 05/09/2023 | First vesting date for one-third of the RSUs granted on 5/9/2022. |
| 05/09/2024 | Date of reported transactions: vesting of RSUs and dividend equivalent rights, and disposal of shares for tax obligations. |
| 05/09/2025 | Final vesting date for one-third of the RSUs granted on 5/9/2022. |
| 05/13/2024 | Date of signature on the Form 4 filing. |
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