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
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Negative
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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.
How many AZZ shares did Jeffrey Vellines acquire and dispose of on 01/23/2026?
On 01/23/2026, Vellines acquired 1,439 shares of AZZ common stock from RSU vesting plus 10 shares from dividend equivalent rights, and disposed of 717 shares of common stock to cover tax withholding.
What was the purpose of the 717 AZZ shares disposed of by Jeffrey Vellines?
The filing states that the reporting person disposed of 717 shares of AZZ common stock specifically to satisfy tax withholding obligations related to the equity award vesting.
How many AZZ shares and RSUs does Jeffrey Vellines hold after the reported transactions?
After the transactions, Vellines directly owned 1,669 shares of AZZ common stock and 1,439 restricted stock units, with each RSU representing a contingent right to receive one AZZ share.
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.