0000008947-21-000089.txt : 20210520
0000008947-21-000089.hdr.sgml : 20210520
20210520181110
ACCESSION NUMBER: 0000008947-21-000089
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210518
FILED AS OF DATE: 20210520
DATE AS OF CHANGE: 20210520
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Bacius Chris M.
CENTRAL INDEX KEY: 0001648393
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-12777
FILM NUMBER: 21945882
MAIL ADDRESS:
STREET 1: ONE MUSEUM PLACE, SUITE 500
STREET 2: 3100 W. 7TH STREET
CITY: FORT WORTH
STATE: TX
ZIP: 76107
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_162154865329923.xml
FORM 4
X0306
4
2021-05-18
0
0000008947
AZZ INC
AZZ
0001648393
Bacius Chris M.
ONE MUSEUM PLACE, SUITE 500
3100 WEST 7TH STREET
FORT WORTH
TX
76107
0
1
0
0
VP, Corporate Development
COMMON STOCK
2021-05-18
4
M
0
893
0
A
13247
D
COMMON STOCK
2021-05-18
4
M
0
43
0
A
13290
D
COMMON STOCK
2021-05-18
4
F
0
227
54.04
D
13063
D
COMMON STOCK
2021-05-18
4
M
0
3427
0
A
16490
D
COMMON STOCK
2021-05-18
4
M
0
166
0
A
16656
D
COMMON STOCK
2021-05-18
4
F
0
874
54.04
D
15782
D
Restricted Stock Units
2021-05-18
4
M
0
893
0
D
COMMON STOCK
893.0
0
D
Performance Share Units
2021-05-18
4
M
0
3427
0
D
COMMON STOCK
3427.0
0
D
Represents the vesting of dividend equivalent rights that accrued on 893 restricted stock units ("RSUs") granted on 5/18/2018, which AZZ has settled in shares of AZZ common stock.
The reporting person disposed of 227 shares of common stock to satisfy tax withholding obligations on the vesting of 936 RSUs and dividend equivalents.
Represents the number of shares acquired by the reporting person upon the vesting of performance share units ("PSUs") granted on 5/18/2018. This number represents 2,678 target PSUs and 749 additional PSUs earned based upon the achievement of 128% of pre-established performance goals during the performance cycle.
Represents the vesting of dividend equivalent rights that accrued on the target PSUs of 2,678 granted on 5/18/2018, which AZZ has settled in shares of AZZ common stock.
The reporting person disposed of 874 shares of common stock to satisfy tax withholding obligations on the vesting of 3,593 PSUs and dividend equivalents.
Each RSU represents a contingent right to receive one share of AZZ common stock.
The RSUs were granted under AZZ's 2014 Long Term Incentive Plan (the "2014 Plan")and vest over a 3-year period with 1/3rd of the RSUs vesting on each of the first, second and third anniversaries of the grant date which was 5/18/2018.
Once vested, the shares of AZZ common stock are not subject to expiration.
The PSUs represent a contingent right to receive shares of AZZ common stock with the actual number varying based on achieved results.
The PSUs were granted under the 2014 Plan and had a three-year performance cycle (3/1/2018 - 2/28/21) and vested upon the achievement of certain pre-established performance goals.
/s/ Tara D. Mackey, attorney-in-fact for Chris M. Bacius
2021-05-20