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 the vesting of restricted stock units and the disposal of shares to cover tax obligations.
Summary
- On April 28, 2025, Tara D Mackey, Chief Legal Officer of AZZ Inc., reported transactions involving AZZ common stock.
- Mackey acquired 1,758 shares of common stock upon the vesting of restricted stock units (RSUs).
- An additional 32 shares were acquired representing dividend equivalent rights on the vested RSUs.
- Mackey disposed of 578 shares to satisfy tax withholding obligations at a price of $86.86 per share.
- Following these transactions, Mackey directly owns 26,129 shares of AZZ common stock and 1,758 restricted stock units.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It reflects routine transactions related to executive compensation and tax obligations, without indicating any significant positive or negative outlook.
Positives
- The vesting of RSUs indicates a form of compensation and alignment with the company's long-term performance.
Negatives
- The disposal of shares to cover tax obligations reduces the executive's holdings, although this is a common practice.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions have a minor impact on shareholders, reflecting standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 04/28/2023 | Date of grant for the 1,758 restricted stock units (RSUs). |
| 04/28/2024 | Start date for the 3-year vesting period of the RSUs. |
| 04/28/2025 | Date of the reported transactions: vesting of RSUs, acquisition of dividend equivalent shares, and disposal of shares for tax obligations. |
| 04/29/2025 | Date of signature on the Form 4 filing. |
Keywords
AZZ Inc, Tara D Mackey, Form 4, Stock Transactions, Restricted Stock Units, RSUs, Beneficial Ownership, Chief Legal Officer
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