AZZ Inc. (AZZ) executive reports RSU vesting and 132-share tax disposal
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
AZZ Inc. President-Metal Coatings Michael Bella reported routine equity compensation activity. On April 24, 2026, he had 132 shares of common stock disposed of to satisfy tax withholding obligations tied to vested awards. The same day, he acquired additional common shares through the exercise and settlement of restricted stock units, including 351 shares from dividend equivalent rights that AZZ settled in common stock. Following these transactions, he directly holds 3,482 shares of AZZ common stock and 702 restricted stock units that each represent a right to receive one share, vesting ratably over three years beginning April 24, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
351 shares exercised/converted
Mixed
4 txns
Insider
Bella Todd Michael
Role
President-Metal Coatings
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 351 | $0.00 | -- |
| Exercise | COMMON STOCK | 351 | $0.00 | -- |
| Exercise | COMMON STOCK | 2 | $0.00 | -- |
| Tax Withholding | COMMON STOCK | 132 | $143.33 | $19K |
Holdings After Transaction:
Restricted Stock Units — 702 shares (Direct, null);
COMMON STOCK — 3,482 shares (Direct, null)
Footnotes (1)
- 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. The reporting person disposed of shares of common stock to satisfy tax withholding obligations. Each RSU represents a contingent right to receive one share of AZZ common stock. 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. Once vested, the shares of common stock are not subject to expiration.
Key Figures
Tax withholding shares: 132 shares
Post-transaction holdings: 3,482 shares
Dividend-equivalent RSUs settled: 351 shares
+3 more
6 metrics
Tax withholding shares
132 shares
Common stock disposed to satisfy tax withholding obligations at $143.33 per share
Post-transaction holdings
3,482 shares
AZZ common stock directly held after April 24, 2026 transactions
Dividend-equivalent RSUs settled
351 shares
Shares issued from vesting of dividend equivalent rights on RSUs granted April 24, 2025
RSUs outstanding
702 RSUs
Restricted stock units held after derivative transaction, each for one AZZ share
Tax disposition price
$143.33 per share
Price used for 132-share tax withholding disposition of AZZ common stock
Grant vesting schedule
3 years
RSUs granted April 24, 2025 vest ratably over three years beginning April 24, 2026
Key Terms
Restricted Stock Units, dividend equivalent rights, tax withholding obligations, Long-Term Incentive Plan, +1 more
5 terms
Restricted Stock Units financial
"security_title: "Restricted Stock Units" with each unit convertible into one share"
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.
contingent right financial
"Each RSU represents a contingent right to receive one share of AZZ common stock."
FAQ
What insider transactions did AZZ (AZZ) report for Michael Bella on April 24, 2026?
Michael Bella reported routine equity compensation activity on April 24, 2026. He had 132 AZZ common shares disposed of for tax withholding and received additional common shares via restricted stock unit exercises and dividend equivalent vesting.
What role did tax withholding play in Michael Bella’s AZZ stock transactions?
A portion of Michael Bella’s AZZ common stock was used to cover tax obligations. Specifically, 132 shares of common stock were disposed of to satisfy tax withholding requirements associated with the vesting and settlement of his equity-based compensation awards.
What are the terms of the restricted stock units reported by AZZ (AZZ) for Michael Bella?
The restricted stock units were granted on April 24, 2025 under AZZ’s 2023 Long-Term Incentive Plan. They vest ratably over a three-year period beginning April 24, 2026, and each RSU represents a contingent right to receive one share of AZZ common stock.
What are dividend equivalent rights in the context of AZZ’s restricted stock units?
Dividend equivalent rights are amounts that accrue on restricted stock units in line with dividends on the underlying shares. For Michael Bella, such rights accrued on 351 RSUs granted April 24, 2025, and AZZ settled these rights in shares of its common stock upon vesting.
How many AZZ restricted stock units does Michael Bella hold following these transactions?
Following the transactions, Michael Bella holds 702 restricted stock units. Each RSU represents a contingent right to receive one share of AZZ common stock once vested, and vested shares are not subject to expiration under the described plan terms.