Form 4: AZZ Inc. COO Bryan Lee Stovall Reports Stock Transactions Following RSU and PSU Vesting
SEC Form 4
Bryan Lee Stovall, COO of AZZ Inc., reports acquisition and disposal of company stock related to the vesting of restricted stock units (RSUs) and performance share units (PSUs).
Summary
- On May 9, 2025, Bryan Lee Stovall, COO of AZZ Inc., reported transactions involving AZZ common stock.
- These transactions include the acquisition of shares through the vesting of 2,098 restricted stock units (RSUs) and 6,023 performance share units (PSUs).
- Additionally, 73 shares were acquired through the vesting of dividend equivalent rights that accrued on the RSUs granted on May 9, 2022.
- Another 212 shares were acquired through the vesting of dividend equivalent rights that accrued on the target PSUs of 4,495 granted on May 9, 2022.
- Stovall also disposed of 763 and 2,453 shares of common stock to satisfy tax withholding obligations at a price of $91.49 per share.
- Following these transactions, Stovall directly owns 27,207 shares of AZZ common stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and the achievement of performance goals related to PSU vesting.
Positives
- The vesting of RSUs and PSUs indicates that performance goals were met, leading to the acquisition of additional shares.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company.
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 RSUs and PSUs. |
| 03/01/2022-02/28/2025 | Three-year performance cycle for PSUs granted on 5/9/2022. |
| 05/09/2023 | First vesting date for RSUs granted on 5/9/2022. |
| 05/09/2025 | Date of reported transactions including vesting of RSUs and PSUs. |
| 05/13/2025 | Date of filing the Form 4. |
Keywords
AZZ Inc, Bryan Lee Stovall, Form 4, RSU, PSU, Stock Options, Beneficial Ownership, Insider Trading
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.