AZZ CFO reports RSU vesting and tax share disposal
AZZ INC Chief Financial Officer Jason Crawford reported routine equity compensation activity and related tax withholding.
Rhea-AI Filing Summary
AZZ INC Chief Financial Officer Jason Crawford reported routine equity compensation activity and related tax withholding. On 2026-06-03, 1,803 restricted stock units (RSUs) converted into an equal number of AZZ common shares, and dividend equivalent rights vested and were settled in additional common stock.
To cover tax withholding obligations tied to these vesting events, 717 shares of common stock were disposed of, which is characterized as a tax-withholding disposition rather than an open-market sale. Following these transactions, Crawford directly held 19,825 shares of AZZ common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,803 shares exercised/converted
Exercise
4 txns
Insider
Crawford Jason
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,803 | $0.00 | $0.00 |
| Exercise | COMMON STOCK | 1,803 | $0.00 | $0.00 |
| Exercise | COMMON STOCK | 22 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | COMMON STOCK | 717 | $136.87 | $98K |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
COMMON STOCK — 19,825 shares (Direct)
Footnotes (5)
- F1. Represents the vesting of dividend equivalent rights that accrued on 1,803 restricted stock units (RSUs), which the Issuer has settled in shares of AZZ common stock.
- F2. The reporting person disposed of shares of AZZ common stock to satisfy tax withholding obligations.
- F3. Each RSU represents a contingent right to receive one share of AZZ common stock.
- F4. Mr. Crawford was granted a special one-time equity award that vested 50% on 6/3/2025 and the remaining 50% to vest on 6/3/2026.
- F5. Once vested, the shares of common stock are not subject to expiration.
Key Figures
RSUs converted: 1,803 shares
Dividend equivalent rights vested: 22 shares
Tax withholding shares: 717 shares
+2 more
5 metrics
RSUs converted
1,803 shares
Restricted stock units converted to AZZ common stock on 2026-06-03
Dividend equivalent rights vested
22 shares
Additional common shares from dividend equivalent rights tied to 1,803 RSUs
Tax withholding shares
717 shares
Common shares disposed to satisfy tax withholding obligations
Post-transaction holdings
19,825 shares
CFO’s direct AZZ common stock ownership after all reported transactions
Tax-withholding reference price
$136.87 per share
Price per share used for 717-share tax-withholding disposition
Key Terms
Restricted Stock Units, dividend equivalent rights, tax withholding obligations, contingent right, +1 more
5 terms
Restricted Stock Units financial
"security_title: "Restricted Stock Units" and footnote: "Each RSU represents a contingent right to receive one share of AZZ common stock.""
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
"Represents the vesting of dividend equivalent rights that accrued on 1,803 restricted stock units (RSUs)"
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 AZZ common stock to satisfy tax withholding obligations."
contingent right financial
"Each RSU represents a contingent right to receive one share of AZZ common stock."
equity award financial
"Mr. Crawford was granted a special one-time equity award that vested 50% on 6/3/2025"
An equity award is a form of pay where a company gives employees, executives or other stakeholders the right to own or buy company shares—either immediately or after meeting certain conditions. Think of it like receiving slices of the company pie now or coupons to claim slices later; it matters to investors because it affects ownership dilution, executive incentives and reported compensation costs, and signals how management is being rewarded and retained.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did AZZ (AZZ) CFO Jason Crawford report?
Jason Crawford reported RSU-related equity activity and tax withholding. 1,803 restricted stock units converted into common shares, dividend equivalent rights vested into additional shares, and 717 shares were disposed of to satisfy tax obligations, with no open-market buying or selling reported.
What are dividend equivalent rights mentioned in the AZZ (AZZ) Form 4?
Dividend equivalent rights mirror dividends on underlying RSUs by accruing additional rights. For 1,803 RSUs, these rights vested and were settled in AZZ common stock, providing extra shares instead of cash, aligned with the company’s equity-based compensation structure for the CFO.
Are the AZZ (AZZ) CFO’s reported transactions considered open-market trades?
The reported transactions are not open-market trades. They consist of RSU conversions into AZZ common shares and a tax-withholding disposition of 717 shares to meet tax obligations, which is a mechanistic equity compensation event rather than discretionary buying or selling.
AI-generated analysis. How Rhea-AI works. Not financial advice.
