Option/Sar Exercises and Stock Vested for Fiscal Year 2023
The following table provides information regarding the vesting of RSUs and PSUs by NEOs during fiscal year 2023.
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Option/SAR Awards
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Stock Awards(2)
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Name
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Number of Shares Acquired on Exercise(1) (#)
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Value Realized on Exercise ($)
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Number of Shares Acquired on Vesting (#)
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Value Realized on Vesting ($)
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Thomas E. Ferguson
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— |
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— |
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49,070(3) |
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2,195,736(4) |
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Philip Schlom
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— |
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— |
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2,423(5) |
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115,504(6) |
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Matt Emery
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— |
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— |
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7,528(7) |
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337,350(8) |
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Tara D. Mackey
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— |
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— |
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9,674(9) |
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432,481(10) |
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Bryan Stovall
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— |
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— |
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17,996(11) |
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771,164(12) |
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Gary Hill
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— |
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— |
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30,623(13) |
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1,234,902(14) |
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Ken Lavelle
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— |
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— |
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18,454(15) |
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781,591(16) |
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(1)
There were no SARs or options exercised during fiscal year 2023.
(2)
Awards vested were RSUs and PSUs granted under the Company’s 2014 Plan, which accrue dividend equivalents during the restricted vesting period, and may be settled in shares of AZZ Common Stock at the discretion of the Compensation Committee if, and when, the underlying award vests.
(3)
This number includes: (i) 14,894 RSUs that vested on May 4, 2022 plus 348 accrued dividend equivalents; (ii) 5,743 RSUs that vested on May 22, 2022 plus 276 accrued dividend equivalents; and (iii) 17,229 target PSUs that vested on May 22, 2022 plus 1,277 accrued dividend equivalents and 9,303 additional shares earned based upon the achievement of 154% of pre-established performance goals during the performance cycle.
(4)
The value realized upon the vesting of (i) 15,242 RSUs (including accrued dividend equivalents) based on the closing price of our Common Stock on May 4, 2022 of $47.67; (ii) 6,019 RSUs (including accrued dividend equivalents) based on the closing price of our Common Stock on May 20, 2022 of $43.43 (the last trading day prior to the date of vesting); and (iii) 27,809 PSUs (including accrued dividend equivalents and additional earned shares) based on the closing price of our Common Stock on May 20, 2022 of $43.43.
(5)
This number includes 2,371 RSUs that vested on May 4, 2022 plus 52 accrued dividend equivalents. Mr. Schlom did not have any PSUs that vested during fiscal year 2023.
(6)
The value realized upon the vesting of 2,423 RSUs (including accrued dividend equivalents) based on the closing price of our Common Stock on May 4, 2022 of $47.67.
(7)
This number includes: (i) 2,404 RSUs that vested on May 4, 2022 plus 51 accrued dividend equivalents; (ii) 862 RSUs that vested on May 22, 2022 plus 41 accrued dividend equivalents; and (iii) 2,584 target PSUs that vested on May 22, 2022 plus 191 accrued dividend equivalents and 1,395 additional shares earned based upon the achievement of 154% of pre-established performance goals during the performance cycle.
(8)
The value realized upon the vesting of (i) 2,455 RSUs (including accrued dividend equivalents) based on the closing price of our Common Stock on May 4, 2022 of $47.67; (ii) 903 RSUs (including accrued dividend equivalents) based on the closing price of our Common Stock on May 20, 2022 of $43.43 (the last trading day prior to the date of vesting); and (iii) 4,170 PSUs (including accrued dividend equivalents and additional earned shares) based on the closing price of our Common Stock on May 20, 2022 of $43.43.
(9)
This number includes: (i) 2,842 RSUs that vested on May 4, 2022 plus 68 accrued dividend equivalents; (ii) 1,149 RSUs that vested on May 22, 2022 plus 55 accrued dividend equivalents; and (iii) 3,445 target PSUs that vested on May 22, 2022 plus 255 accrued dividend equivalents and 1,860 additional shares earned based upon the achievement of 154% of pre-established performance goals during the performance cycle
(10)
The value realized upon the vesting of (i) 2,910 RSUs (including accrued dividend equivalents) based on the closing price of our Common Stock on May 4, 2022 of $47.67; (ii) 1,204 RSUs (including accrued dividend equivalents) based on the closing price of our Common Stock on May 20, 2022 of $43.43; (the last trading day prior to the date of vesting) and (iii) 5,560 PSUs (including accrued dividend equivalents and additional earned shares) based on the closing price of our Common Stock on May 20, 2022 of $43.43.
(11)
This number includes: (i) 4,528 RSUs that vested on May 4, 2022 plus 84 accrued dividend equivalents; (ii) 689 RSUs that vested on May 22, 2022 plus 33 accrued dividend equivalents; (iii); and 1,378 target PSUs that vested on May 20, 2022 plus 102 accrued dividend equivalents and 744 additional shares earned based upon the achievement of 154% of pre-established performance goals during the performance cycle; and (iv) 10,000 RSUs that cliff vested on November 1, 2022 plus 438 accrued dividend equivalents.
(12)
The value realized upon the vesting of (i) 2,946 RSUs (including accrued dividend equivalents) based on the closing price of our Common Stock on May 4, 2022 of $47.67; (ii) 722 RSUs (including accrued dividend equivalents) based on the closing price of our Common Stock on May 20, 2022 (the last trading day prior to the date of vesting) of $43.43; and (iii) 2,224 PSUs (including accrued dividend equivalents and additional earned shares) based on the closing price of our Common Stock on May 20, 2022 of $43.43; and (iv) 10,438 RSUs (including accrued dividend equivalents) based on the closing price of our Common Stock on November 1, 2022 of $40.56.
(13)
This number includes: (i) 2,522 RSUs that vested on May 4, 2022 plus 57 accrued dividend equivalents; (ii) 957 RSUs that vested on May 22, 2022 plus 46 accrued dividend equivalents; and (iii) 2,871 target PSUs that vested on May 22, 2022 plus 212 accrued dividend equivalents and 1,550 additional shares earned based upon the achievement of 154% of pre-established performance goals during the performance cycle; (iv) 622 RSUs granted on May 4, 2020 and 27 accrued dividend equivalents which were settled in shares of AZZ Common Stock; (v.) 450 RSUs that were granted on May 9, 2022 and 3 accrued dividend equivalents which were settled in shares of AZZ Common Stock; (vi) 416 RSUs granted on May 4, 2021 and 9 accrued dividend equivalents which were settled in shares of AZZ Common Stock; and (vii) 20,000 RSUs that were granted on February 11, 2020 in connection with a special one-time retention grant and 881 accrued dividend equivalents which were settled in shares of AZZ Common Stock.