Form 4: AZZ Inc. Executive Tara D. Mackey Reports Stock Transactions
SEC Form 4 Filing
Tara D. Mackey, Chief Legal Officer of AZZ Inc., reports acquisition and disposal of common stock and restricted stock units.
Summary
- On April 28, 2024, Tara D. Mackey, Chief Legal Officer of AZZ Inc., reported transactions involving AZZ common stock and restricted stock units (RSUs).
- Mackey acquired 1,758 shares of common stock through the vesting of dividend equivalent rights on RSUs granted on April 28, 2023.
- An additional 17 shares were acquired through vesting.
- Mackey also disposed of 667 shares of common stock to satisfy tax withholding obligations at a price of $71.49 per share.
- Following these transactions, Mackey beneficially owns 29,271 shares of AZZ common stock and 3,517 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of key personnel and their alignment with shareholder interests.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in beneficial ownership, but the overall effect is likely negligible.
Key Dates
| Date | Description |
|---|---|
| 04/28/2023 | Date of grant for the restricted stock units (RSUs) that vested. |
| 04/28/2024 | Date of the reported transactions, including vesting of RSUs and disposal of shares for tax obligations. |
| 05/01/2024 | Date of signature on the Form 4 filing. |
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