Form 4: AZZ Inc. Executive Kurt L. Russell Reports Stock Transactions
SEC Form 4 Filing
Kurt L. Russell, COO of Precoat Metals (a division of AZZ Inc.), reports transactions involving restricted stock units, including vesting and tax withholding.
Summary
- Kurt L. Russell, COO of Precoat Metals, reported transactions related to AZZ Inc. restricted stock units (RSUs).
- On April 28, 2024, 1,966 RSUs vested, and Mr. Russell received 19 shares due to dividend equivalent rights.
- Mr. Russell disposed of 991 shares to satisfy tax withholding obligations at a price of $71.49 per share.
- Following these transactions, Mr. Russell beneficially owns 15,027 shares of AZZ Inc. common stock through RSUs.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives regarding their holdings of company stock.
Key Dates
| Date | Description |
|---|---|
| 04/28/2023 | Date of original RSU grant on which dividend equivalent rights vested. |
| 04/28/2024 | Date of RSU vesting, dividend equivalent rights vesting, and tax withholding. |
| 05/01/2024 | Date of Form 4 filing. |
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