AZZ INC (NYSE: AZZ) executive exercises RSUs, tax shares withheld
Rhea-AI Filing Summary
AZZ INC reports that Bella Todd Michael, President-Metal Coatings, exercised 351 restricted stock units into AZZ common stock and had 132 shares withheld to satisfy tax obligations. Following these equity award-related transactions, he directly holds 3,352 shares of AZZ common stock.
Footnotes explain that the RSUs were granted on 4/24/2025 under AZZ’s 2023 Long-Term Incentive Plan, with dividend equivalent rights settled in shares and the awards vesting ratably over three years beginning 4/24/2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 221 shares
Net Buy
4 txns
Insider
Bella Todd Michael
Role
President-Metal Coatings
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 351 | $0.00 | $0.00 |
| Exercise | COMMON STOCK | 351 | $0.00 | $0.00 |
| Exercise | COMMON STOCK | 2 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | COMMON STOCK | 132 | $143.33 | $19K |
Holdings After Transaction:
Restricted Stock Units — 702 shares (Direct);
COMMON STOCK — 3,352 shares (Direct)
Footnotes (5)
- F1. Reflects the vesting of dividend equivalent rights that accrued on 351 restricted stock units (RSUs) granted on 4/24/2025, 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. Each RSU represents a contingent right to receive one share of AZZ common stock.
- F4. The RSUs were granted on 4/24/2025 under the Companys 2023 Long-Term Incentive Plan and vest ratably over a 3-year period beginning on 4/24/2026.
- F5. Once vested, the shares of common stock are not subject to expiration.
Key Figures
RSUs Exercised: 351 restricted stock units
Common Stock Acquired: 351 shares
Additional Common Stock Acquired: 2 shares
+3 more
6 metrics
RSUs Exercised
351 restricted stock units
Derivative exercise/conversion on 2026-04-24
Common Stock Acquired
351 shares
Non-derivative acquisition of common stock on 2026-04-24
Additional Common Stock Acquired
2 shares
Non-derivative acquisition on 2026-04-24 related to equity awards
Shares Withheld for Taxes
132 shares
Tax-withholding disposition on 2026-04-24
Tax Withholding Price
$143.33 per share
Value used to satisfy tax obligations on withheld shares
Post-Transaction Holdings
3,352 shares
Direct AZZ common stock ownership after reported transactions
Key Terms
Restricted Stock Units, dividend equivalent rights, tax withholding obligations, Long-Term Incentive Plan, +1 more
5 terms
Restricted Stock Units financial
"Reflects the vesting of dividend equivalent rights that accrued on 351 restricted stock units"
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 351 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.
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 4/24/2025 under the Companys 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.
vest ratably financial
"and vest ratably over a 3-year period beginning on 4/24/2026."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
How many AZZ (AZZ) restricted stock units did Bella Todd Michael exercise?
Bella Todd Michael exercised 351 restricted stock units
What is Bella Todd Michael’s AZZ (AZZ) common stock holding after the Form 4 transactions?
After the reported transactions, Bella Todd Michael directly holds 3,352 shares
Under what plan were Bella Todd Michael’s AZZ (AZZ) RSUs granted and how do they vest?
Footnotes state his RSUs were granted on 4/24/20252023 Long-Term Incentive Planratably over three years
What are dividend equivalent rights mentioned in AZZ (AZZ) Bella Todd Michael’s Form 4?
The filing notes dividend equivalent rights