0000008947-21-000073.txt : 20210506
0000008947-21-000073.hdr.sgml : 20210506
20210506170344
ACCESSION NUMBER: 0000008947-21-000073
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210504
FILED AS OF DATE: 20210506
DATE AS OF CHANGE: 20210506
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Schlom Philip A
CENTRAL INDEX KEY: 0001472030
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-12777
FILM NUMBER: 21898807
MAIL ADDRESS:
STREET 1: C/O PARKER DRILLING COMPANY
STREET 2: 5 GREENWAY PLAZA, SUITE 100
CITY: HOUSTON
STATE: TX
ZIP: 77046
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: AZZ INC
CENTRAL INDEX KEY: 0000008947
STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC LIGHTING & WIRING EQUIPMENT [3640]
IRS NUMBER: 750948250
STATE OF INCORPORATION: TX
FISCAL YEAR END: 0228
BUSINESS ADDRESS:
STREET 1: ONE MUSEUM PLACE, SUITE 500
STREET 2: 3100 W 7TH STREET
CITY: FORT WORTH
STATE: TX
ZIP: 76107
BUSINESS PHONE: 8178100095
MAIL ADDRESS:
STREET 1: ONE MUSEUM PLACE, SUITE 500
STREET 2: 3100 W 7TH STREET
CITY: FORT WORTH
STATE: TX
ZIP: 76107
FORMER COMPANY:
FORMER CONFORMED NAME: AZTEC MANUFACTURING CO
DATE OF NAME CHANGE: 20000911
4
1
wf-form4_162033500612784.xml
FORM 4
X0306
4
2021-05-04
0
0000008947
AZZ INC
AZZ
0001472030
Schlom Philip A
ONE MUSEUM PLACE
3100 W. 7TH STREET, SUITE 500
FORT WORTH
TX
76107
0
1
0
0
VP, Chief Accounting Officer
COMMON STOCK
2021-05-04
4
M
0
1359
0
A
2810
D
COMMON STOCK
2021-05-04
4
M
0
26
0
A
2836
D
COMMON STOCK
2021-05-04
4
F
0
337
53.51
D
2499
D
Restricted Stock Units
2021-05-04
4
M
0
1359
0
D
COMMON STOCK
1359.0
2719
D
Restricted Stock Units
2021-05-04
4
A
0
3038
0
A
COMMON STOCK
3038.0
3038
D
Performance Share Units
2021-05-04
4
A
0
3038
0
A
COMMON STOCK
3038.0
3038
D
Represents the vesting of dividend equivalent rights accrued on 1,359 restricted stock units ("RSUs") granted on 5/4/2020, which AZZ has elected to pay in shares of AZZ common stock. These dividend equivalent rights vest when, and if, the underlying RSUs vest.
The reporting person disposed of 337 shares of common stock to satisfy tax withholding obligations.
Each RSU represents a contingent right to receive one share of AZZ common stock.
The RSUs are granted under the 2014 Plan and vest over a three-year period with 1/3rd of the RSUs vesting on each of the first, second and third anniversaries of the grant date beginning on 5/4/2021.
Once vested, the shares of common stock are not subject to expiration.
The RSUs are granted under the 2014 Plan and vest over a three-year period with 1/3rd of the RSUs vesting on each of the first, second and third anniversaries of the grant date beginning on 5/4/2022.
Each Performance Share Unit ("PSU") represents a contingent right to receive shares of AZZ common stock with the actual number varying based on achieved results.
Represents 100% of the target number of PSUs that could be earned at the end of the 3-year performance cycle. The FY2022 PSU performance metric is AZZ's Total Shareholder Return ("TSR") relative to its industry peer group. The maximum payout for the FY2022 PSUs is not to exceed 200%.
/s/Tara D. Mackey, attorney-if-fact for Philip A. Schlom
2021-05-06