AZZ INC

Code

A

Shares

512

Price

$0.00

Footnotes

5

Each restricted stock unit (RSU) represents a contingent right to receive one share of AZZ common stock. 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. Once vested, the shares of common stock are not subject to expiration. 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. 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.