Form 4: AZZ Inc. Executive Bryan Lee Stovall Reports Stock Transactions
SEC Form 4 Filing
Bryan Lee Stovall, COO of Metal Coatings at AZZ Inc., reports acquisition and disposal of common stock related to restricted stock units and tax obligations.
Summary
- On April 25, 2025, Bryan Lee Stovall, COO of Metal Coatings at AZZ Inc., reported transactions involving AZZ common stock.
- Stovall acquired 1,029 shares of common stock upon the vesting of dividend equivalent rights from restricted stock units (RSUs).
- An additional 6 shares were acquired related to dividend equivalent rights.
- Stovall disposed of 334 shares to satisfy tax withholding obligations at a price of $85.21 per share.
- Following these transactions, Stovall directly owns 20,701 shares of AZZ common stock.
- Stovall also holds 2,059 Restricted Stock Units (RSUs).
Sentiment
Score: 6
Explanation: The sentiment is neutral as the transactions are routine and related to executive compensation and tax obligations. There is no indication of unusual or concerning activity.
Positives
- The vesting of dividend equivalent rights resulted in the acquisition of 1,029 shares, increasing Stovall's holdings.
Negatives
- 334 shares were disposed of to cover tax obligations, reducing Stovall's holdings.
Future Outlook
The RSUs vest ratably over a 3-year period beginning on May 24, 2025, suggesting future stock acquisitions as the RSUs vest.
Industry Context
Form 4 filings are standard practice for reporting insider transactions, providing transparency to investors regarding the buying and selling activities of company executives.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding executive stock ownership.
Key Dates
| Date | Description |
|---|---|
| 04/25/2024 | Date of grant for 1,029 restricted stock units (RSUs). |
| 04/25/2025 | Date of stock transactions: acquisition of shares from vested dividend equivalent rights and disposal of shares for tax obligations. |
| 5/24/2025 | Vesting start date for the RSUs, vesting ratably over 3 years. |
| 04/29/2025 | Date of signature for the Form 4 filing. |
Keywords
AZZ Inc, Bryan Lee Stovall, Form 4, Stock Transactions, Restricted Stock Units, Dividend Equivalent Rights, Tax Withholding, Beneficial Ownership, COO Metal Coatings
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