AZZ COO exercises awards, withholds shares for taxes
AZZ Inc COO Bryan Lee Stovall reported routine equity compensation activity involving RSUs and PSUs.
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Form Type
4
Rhea-AI Filing Summary
AZZ Inc COO Bryan Lee Stovall reported routine equity compensation activity involving RSUs and PSUs. On April 25 and April 28, 2026, performance share units and restricted stock units vested and were settled in AZZ common stock, resulting in the acquisition of 13,475 shares.
To cover tax withholding obligations tied to these vestings, 5,005 shares of common stock were disposed of through share withholding at prices around $141.58 and $144.78 per share, rather than open-market sales. Following the reported transactions, Stovall directly holds 32,140 shares of AZZ common stock.
Insider Trade Summary
13,475 shares exercised/converted
Exercise
12 txns
Insider
Stovall Bryan Lee
Role
COO - Metal Coatings
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,909 | $0.00 | $0.00 |
| Exercise | Performance Share Units | 10,537 | $0.00 | $0.00 |
| Exercise | COMMON STOCK | 1,909 | $0.00 | $0.00 |
| Exercise | COMMON STOCK | 48 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | COMMON STOCK | 632 | $141.58 | $89K |
| Exercise | COMMON STOCK | 10,537 | $0.00 | $0.00 |
| Exercise | COMMON STOCK | 269 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | COMMON STOCK | 4,037 | $141.58 | $572K |
| Exercise | Restricted Stock Units | 1,029 | $0.00 | $0.00 |
| Exercise | COMMON STOCK | 1,029 | $0.00 | $0.00 |
| Exercise | COMMON STOCK | 13 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | COMMON STOCK | 336 | $144.78 | $49K |
Holdings After Transaction:
Restricted Stock Units — 1,029 contracts (Direct);
Performance Share Units — 0 contracts (Direct);
COMMON STOCK — 32,140 shares (Direct)
Footnotes (11)
- F1. Reflects the vesting of dividend equivalent rights that accrued on 1,029 restricted stock units (RSUs) granted on 4/25/2024, which AZZ has settled in shares of AZZ common stock.
- F2. The reporting person disposed of shares of common stock to satisfy tax withholding obligations.
- F3. Reflects the vesting of dividend equivalent rights that accrued on 1,909 restricted stock units (RSUs) granted on 4/28/2023, which AZZ has settled in shares of AZZ common stock.
- F4. Represents the vesting of dividend equivalent rights that accrued on the target performance share units (PSUs) of 5,727 granted on 4/28/2023, which AZZ has settled in shares of AZZ common stock.
- F5. Each RSU represents a contingent right to receive one share of AZZ common stock.
- F6. The RSUs were granted on 4/25/2024 under AZZs 2023 Long-Term Incentive Plan and vest ratably over a 3-year period beginning on 4/25/2025.
- F7. Once vested, the shares of common stock are not subject to expiration.
- F8. The RSUs were granted on 4/28/2023 under AZZs 2014 Long-Term Incentive Plan and vested ratably over a 3-year period which began on 4/28/2024.
- F9. Each PSU represents a contingent right to receive shares of AZZ common stock with the actual number varying based on achieved results at the end of the 3-year performance cycle.
- F10. Represents the number of shares acquired by the reporting person upon the vesting of PSUs granted on 4/28/2023. This number represents 5,727 target PSUs and 4,810 additional PSUs earned based on the achievement of 184% of pre-established performance metric during the performance cycle.
- F11. The PSUs granted on 4/28/2023 were awarded under AZZs 2014 Long Term Incentive Plan as part of the Issuers annual equity award process and had a 3-year performance cycle (3/1/2023 to 2/28/2026).
Key Figures
Equity awards vested: 13,475 shares
Shares for tax withholding: 5,005 shares
Post-transaction holdings: 25,955 shares
+5 more
8 metrics
Equity awards vested
13,475 shares
Total shares from RSU and PSU vesting
Shares for tax withholding
5,005 shares
Common stock delivered to satisfy tax obligations
Post-transaction holdings
25,955 shares
Common stock directly held after reported transactions
Tax-withholding price 1
$141.58 per share
Common stock used for April 28, 2026 tax withholding
Tax-withholding price 2
$144.78 per share
Common stock used for April 25, 2026 tax withholding
PSU performance achievement
184% of metric
Additional PSUs earned vs target over 3-year performance cycle
Target PSUs granted 2023
5,727 units
Performance share units granted April 28, 2023
Additional PSUs earned
4,810 units
Extra PSUs from 184% achievement under performance plan
Key Terms
Restricted Stock Units, Performance Share Units, dividend equivalent rights, tax withholding obligations, +2 more
6 terms
Restricted Stock Units financial
"Reflects the vesting of dividend equivalent rights that accrued on 1,029 restricted stock units (RSUs)"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
dividend equivalent rights financial
"Reflects the vesting of dividend equivalent rights that accrued on 1,029 restricted stock units (RSUs)"
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
tax withholding obligations financial
"The reporting person disposed of shares of common stock to satisfy tax withholding obligations."
Long-Term Incentive Plan financial
"The RSUs were granted on 4/25/2024 under AZZs 2023 Long-Term Incentive Plan and vest ratably"
A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.
performance cycle financial
"The PSUs granted on 4/28/2023 were awarded under AZZs 2014 Long Term Incentive Plan ... and had a 3-year performance cycle"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did AZZ (AZZ) COO Bryan Lee Stovall report in this Form 4?
COO Bryan Lee Stovall reported vested equity awards converting into AZZ common stock and related tax withholding. Performance share units and restricted stock units delivered 13,475 shares, while 5,005 shares were withheld to satisfy tax obligations, leaving him with 25,955 AZZ common shares directly held after these transactions.
What types of equity awards vested for the AZZ (AZZ) COO in this report?
Both restricted stock units and performance share units vested for the COO. Footnotes explain RSUs from 2023 and 2024 grants and PSUs granted in 2023 under AZZ long-term incentive plans, including additional PSUs earned based on achieving 184% of pre-established performance metrics over a three-year cycle.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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