AZZ COO converts RSUs; shares withheld for taxes
AZZ INC chief operating officer for Metal Coatings Bryan Lee Stovall reported routine equity compensation activity.
Rhea-AI Filing Summary
AZZ INC chief operating officer for Metal Coatings Bryan Lee Stovall reported routine equity compensation activity. He converted restricted stock units into 9,017 shares of common stock, consistent with a special one-time award that vested half on May 31, 2025 and the remaining half on May 31, 2026. To cover related tax obligations, 3,592 shares of common stock were withheld at $134.24 per share. The filing describes these as derivative exercises and tax-withholding dispositions, not open‑market purchases or sales, and leaves Mr. Stovall with a substantial remaining direct shareholding.
Positive
- None.
Negative
- None.
Insider Trade Summary
9,017 shares exercised/converted
Exercise
4 txns
Insider
Stovall Bryan Lee
Role
COO - Metal Coatings
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 9,017 | $0.00 | $0.00 |
| Exercise | COMMON STOCK | 9,017 | $0.00 | $0.00 |
| Exercise | COMMON STOCK | 112 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | COMMON STOCK | 3,592 | $134.24 | $482K |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
COMMON STOCK — 37,677 shares (Direct)
Footnotes (6)
- F1. Pursuant to the New York Stock Exchange (NYSE) rules, in the event a vesting date of restricted stock units (RSUs) falls on a weekend or holiday, the affected RSUs will vest on the next following NYSE business day.
- F2. Represents the vesting of dividend equivalent rights that accrued on 9,107 RSUs, which the Issuer has settled in shares of AZZ common stock.
- F3. The reporting person disposed of shares of AZZ common stock to satisfy tax withholding obligations.
- F4. Each RSU represents a contingent right to receive one share of AZZ common stock.
- F5. Mr. Stovall was granted a special one-time equity award that vested 50% on 5/31/2025 and the remaining 50% to vest on 5/31/2026.
- F6. Once vested, the shares of common stock are not subject to expiration.
Key Figures
RSUs converted: 9,017 shares
Tax-withheld shares: 3,592 shares
Withholding reference price: $134.24 per share
+2 more
5 metrics
RSUs converted
9,017 shares
Restricted Stock Units converted into AZZ common stock
Tax-withheld shares
3,592 shares
Shares disposed to satisfy tax withholding obligations
Withholding reference price
$134.24 per share
Price per share on tax-withholding disposition
Exercise transactions
1 derivative exercise, 9,017 shares
Exercise/conversion of derivative security per transaction summary
Tax-withholding count
1 transaction, 3,592 shares
Tax-withholding disposition per transaction summary
Key Terms
Restricted Stock Units, dividend equivalent rights, tax withholding obligations, contingent right, +1 more
5 terms
Restricted Stock Units financial
"Represents the vesting of dividend equivalent rights that accrued on 9,107 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
"Represents the vesting of dividend equivalent rights that accrued on 9,107 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 AZZ common stock to satisfy tax withholding obligations."
contingent right financial
"Each RSU represents a contingent right to receive one share of AZZ common stock."
special one-time equity award financial
"Mr. Stovall was granted a special one-time equity award that vested 50% on 5/31/2025"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did AZZ (AZZ) COO Bryan Stovall report?
Bryan Stovall reported routine equity compensation events. He converted restricted stock units into common shares and had some of those shares withheld to pay taxes, rather than executing open‑market purchases or sales.
How many AZZ restricted stock units did the COO convert to common stock?
The COO converted 9,017 restricted stock units into AZZ common stock. A footnote adds that each RSU represented a contingent right to receive one share of AZZ common stock once the vesting conditions were satisfied.
What is the vesting schedule of the COO’s special one-time AZZ equity award?
Mr. Stovall received a special one‑time equity award that vested 50% on May 31, 2025, with the remaining 50% vesting on May 31, 2026, as disclosed in the footnotes to the insider transaction report.
Were any of the AZZ insider transactions open-market buys or sells?
No open‑market buys or sells are reported. The Form 4 codes show derivative exercises and a tax‑withholding disposition, meaning shares were issued from RSUs and some were withheld to cover tax obligations instead of being traded in the market.
What are dividend equivalent rights mentioned in the AZZ Form 4 footnotes?
Dividend equivalent rights are credits that mirror dividends on RSUs until vesting. The filing notes vesting of dividend equivalent rights that had accrued on 9,107 RSUs, which AZZ settled in shares of its common stock when the units vested.
AI-generated analysis. How Rhea-AI works. Not financial advice.
