AZZ CFO settles equity awards, covers taxes in shares
AZZ Inc. Chief Financial Officer Jason Crawford reported a series of routine equity compensation events.
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Form Type
4
Rhea-AI Filing Summary
AZZ Inc. Chief Financial Officer Jason Crawford reported a series of routine equity compensation events. On April 27, 2026, he received grants of 2,430 Performance Share Units (PSUs) and 2,430 Restricted Stock Units (RSUs), each convertible into common shares under AZZ long‑term incentive plans.
On April 25 and 28, 2026, earlier RSUs and PSUs vested and were settled in AZZ common stock, including PSUs granted in 2023 where performance reached 184% of pre‑set metrics, increasing shares earned. Across these vestings, 3,315 common shares were disposed of solely to satisfy tax withholding obligations, not as open‑market sales.
Insider Trade Summary
8,232 shares exercised/converted
Exercise
14 txns
Insider
Crawford Jason
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,114 | $0.00 | $0.00 |
| Exercise | Performance Share Units | 6,147 | $0.00 | $0.00 |
| Exercise | COMMON STOCK | 1,114 | $0.00 | $0.00 |
| Exercise | COMMON STOCK | 28 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | COMMON STOCK | 449 | $141.58 | $64K |
| Exercise | COMMON STOCK | 6,147 | $0.00 | $0.00 |
| Exercise | COMMON STOCK | 157 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | COMMON STOCK | 2,480 | $141.58 | $351K |
| Grant/Award | Restricted Stock Units | 2,430 | $0.00 | $0.00 |
| Grant/Award | Performance Share Units | 2,430 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 971 | $0.00 | $0.00 |
| Exercise | COMMON STOCK | 971 | $0.00 | $0.00 |
| Exercise | COMMON STOCK | 12 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | COMMON STOCK | 386 | $144.78 | $56K |
Holdings After Transaction:
Restricted Stock Units — 3,401 contracts (Direct);
Performance Share Units — 2,430 contracts (Direct);
COMMON STOCK — 18,717 shares (Direct)
Footnotes (13)
- F1. Reflects the vesting of dividend equivalent rights that accrued on 971 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 1,114 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 3,341 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 3,341 target PSUs and 2,806 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)
- F12. The RSUs are granted under the Companys 2023 Long-Term Incentive Plan and will vest ratably over a 3-year period beginning on 4/27/2027.
- F13. The PSUs granted on 4/27/2026 under AZZ's 2023 Long Term Incentive Plan were awarded as part of the Issuer's annual equity award process. The PSUs represent 100% of the target number of PSUs that could be earned by the Reporting Person at the end of the 3-year performance cycle, which runs from March 1, 2026 to February 28, 2029. The FY2027 PSU performance metrics are AZZ's Total Shareholder Return relative to its executive compensation peer group and Return on Invested Capital. The maximum payout for the FY2027 PSUs shall not to exceed 200% of the target award.
Key Figures
Tax-withholding shares: 3,315 shares
Derivative exercises: 8,232 shares
New PSU grant: 2,430 PSUs
+4 more
7 metrics
Tax-withholding shares
3,315 shares
Common shares disposed to satisfy tax obligations across F-code transactions
Derivative exercises
8,232 shares
Common shares from derivative exercises (M-code) per transaction summary
New PSU grant
2,430 PSUs
Performance Share Units granted on April 27, 2026
New RSU grant
2,430 RSUs
Restricted Stock Units granted on April 27, 2026
Tax prices
$141.58 and $144.78 per share
Prices on F-code tax-withholding dispositions of common stock
Performance achievement
184% of metric
PSUs granted April 28, 2023 earned above target based on performance
PSUs from vesting
3,341 target + 2,806 additional
Shares acquired upon PSU vesting tied to 184% performance
Key Terms
Restricted Stock Units, Performance Share Units, dividend equivalent rights, Long-Term Incentive Plan, +2 more
6 terms
Restricted Stock Units financial
"Restricted Stock Units, transaction_shares "2430.0000""
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 971 restricted stock units"
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.
Long-Term Incentive Plan financial
"The RSUs were granted on 4/25/2024 under AZZs 2023 Long-Term Incentive Plan"
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.
Return on Invested Capital financial
"The FY2027 PSU performance metrics are AZZ's Total Shareholder Return relative to its executive compensation peer group and Return on Invested Capital"
A percentage that shows how effectively a company turns the money invested in its business—both borrowed funds and shareholders’ equity—into operating profit after taxes. It tells investors whether a company earns more from its core operations than it costs to fund those operations; think of it like the annual return you’d expect from renovating a rental property—higher percentages mean the company uses capital more efficiently and is more likely to create value for shareholders.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity awards did AZZ (AZZ) CFO Jason Crawford receive in this Form 4?
Jason Crawford received grants of 2,430 Performance Share Units and 2,430 Restricted Stock Units on April 27, 2026. Each unit represents a contingent right to receive AZZ common stock under the company’s long‑term incentive plans, vesting over multi‑year periods.
How do AZZ (AZZ) RSUs for the CFO vest over time?
RSUs granted under AZZ’s long‑term incentive plans vest ratably over three years starting on specified dates such as April 25, 2025 or April 27, 2027. Once vested and settled into common stock, the shares are not subject to expiration, providing ongoing equity ownership.
What determines the payout of new FY2027 PSUs for AZZ (AZZ) CFO?
FY2027 PSUs granted on April 27, 2026 can pay out up to 200% of target. The actual number of shares earned depends on AZZ’s Total Shareholder Return relative to a peer group and Return on Invested Capital over a performance cycle from March 1, 2026 to February 28, 2029.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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