AZZ Inc grants RSU and PSU awards to CHRO
Davenport Rhonda reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Davenport Rhonda reported acquisition or exercise transactions in this Form 4 filing.
AZZ Inc granted Chief Human Resources Officer Rhonda Davenport 512 Restricted Stock Units (RSUs) and 512 Performance Share Units (PSUs) on 2026-08-04 at a price of $0.00 per unit.
The RSUs, each representing one share of common stock, vest in three equal installments on April 27, 2027, April 27, 2028 and April 27, 2029, and the resulting shares do not expire once vested. The PSUs represent 7/12 of an annual target award for a performance cycle from March 1, 2027 to February 28, 2030, with payout based on relative Total Shareholder Return and Return on Invested Capital and capped at 200% of the target award.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units F1, F2, F3 | 512 | $0.00 | $0.00 |
| Grant/Award | Performance Share Units F4, F5, F3 | 512 | $0.00 | $0.00 |
Footnotes (5)
- F1. Each restricted stock unit (RSU) represents a contingent right to receive one share of AZZ common stock.
- F2. The RSUs are granted under AZZ Inc.'s 2023 Long-Term Incentive Plan (2023 Plan) and vest over a three-year period with a third of the RSUs vesting on each of April 27, 2027, April 27, 2028 and April 27, 2029.
- F3. Once vested, the shares of common stock are not subject to expiration.
- F4. Each Performance Share Unit (PSU) represents a contingent right to receive shares of AZZ common stock with the actual number varying based on achieved results.
- F5. The PSUs were granted under AZZ 2023 Plan. The PSUs represent a pro-rata portion (7/12) of the annual target number of PSUs that could be earned by the Reporting Person at the end of the previously determined 3-year performance cycle, which runs from March 1, 2027 to February 28, 2030. The FY2027 PSU performance metrics are AZZ's Total Shareholder Return relative to its industry peer group and Return on Invested Capital. The maximum payout for the FY2027 PSUs shall not exceed 200% of the target award.
Key Figures
Key Terms
Restricted Stock Units financial
Long-Term Incentive Plan financial
Return on Invested Capital financial
FAQ
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What equity awards did AZZ (AZZ) grant to Rhonda Davenport?
How do Rhonda Davenport’s RSUs from AZZ (AZZ) vest?
What performance period applies to Rhonda Davenport’s PSUs at AZZ (AZZ)?
What metrics determine payout of AZZ (AZZ) FY2027 PSUs?
What is the maximum payout on Rhonda Davenport’s PSUs at AZZ (AZZ)?
Under which plan were Rhonda Davenport’s AZZ (AZZ) equity awards granted?
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