COO of AZZ Inc. (AZZ) nets 1,669 shares after RSU vesting
Rhea-AI Filing Summary
AZZ Inc. president and COO of Precoat Metals, Jeffrey Vellines, reported routine equity award activity involving restricted stock units (RSUs) and related tax withholding. On 01/23/2026, 1,439 RSUs were exercised at $0 per share into an equal number of AZZ common shares, and dividend equivalent rights added a further 10 shares, both shown as acquisitions. To cover tax obligations from these vestings, 717 shares of common stock were disposed of at $123.6 per share. Following these transactions, Vellines directly owned 1,669 shares of AZZ common stock and continued to hold 1,439 RSUs, which each represent a contingent right to receive one AZZ share. The filing notes this was part of a special one-time equity grant, with 50% vesting on 01/23/2026 and the remaining 50% on 01/23/2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,439 | $0.00 | -- |
| Exercise | COMMON STOCK | 1,439 | $0.00 | -- |
| Exercise | COMMON STOCK | 10 | $0.00 | -- |
| Tax Withholding | COMMON STOCK | 717 | $123.60 | $89K |
Footnotes (1)
- Represents the vesting of dividend equivalent rights that accrued on 1,439 restricted stock units ("RSUs") granted on 1/23/2025, which AZZ has elected to pay in shares of AZZ common stock. The reporting person disposed of 717 shares of common stock to satisfy tax withholding obligations. Each RSU represents a contingent right to receive one share of AZZ common stock. Mr. Vellines was granted a special one-time equity grant that vests 50% on 1/23/2026 and the remaining 50% on 1/23/2027. Once vested, the shares of common stock are not subject to expiration.
FAQ
What insider transaction did AZZ (AZZ) report for Jeffrey Vellines?
The filing shows that Jeffrey Vellines, president and COO of Precoat Metals at AZZ Inc., had restricted stock units vest into AZZ common stock and disposed of some shares to satisfy tax withholding obligations.
What are the vesting terms of Jeffrey Vellines’ special one-time equity grant at AZZ (AZZ)?
The filing explains that Vellines received a special one-time equity grant that vests 50% on 01/23/2026 and the remaining 50% on 01/23/2027, and once vested, the shares are not subject to expiration.
What does each restricted stock unit (RSU) represent in the AZZ insider filing?
Each RSU held by Vellines represents a contingent right to receive one share of AZZ common stock, according to the explanation of responses in the filing.