Form 4: AZZ Inc. Executive Matthew Emery Reports Stock Transactions
SEC Form 4 Filing
Matthew Emery, Chief Information & HR Officer of AZZ Inc., reports acquisition and disposal of common stock and vesting of restricted stock units.
Summary
- On May 9, 2024, Matthew Emery, Chief Information & HR Officer of AZZ Inc., reported transactions involving AZZ common stock.
- These transactions included the vesting of 1,498 restricted stock units (RSUs) and 43 dividend equivalent rights, both settled in shares of AZZ common stock.
- Emery also disposed of 498 shares to satisfy tax withholding obligations at a price of $78.07 per share.
- Following these transactions, Emery beneficially owns 30,823 shares of AZZ common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities in the company's stock.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent routine executive compensation and tax-related disposals.
Key Dates
| Date | Description |
|---|---|
| 05/09/2022 | Date of grant for the restricted stock units that vest 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 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 restricted stock units granted on 5/9/2022. |
| 05/13/2024 | Date of signature for the Form 4 filing. |
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