Posted: 12/24/2024 03:05 am
AZZ Inc., a major player in the electric lighting and wiring equipment industry, recently showcased its commitment to competitive executive compensation, as seen in its 2024 disclosures. Thomas E. Ferguson, President and Chief Executive Officer, exemplified this with a total compensation package of $4,380,976. This comprehensive package is composed of a salary of $940,256, substantial stock awards amounting to $2,172,335, incentive plan compensation of $1,234,556, and other compensation summing to $33,829^1^. This package highlights a significant increase from his 2020 compensation of $3,412,204, indicating the company’s strategy to align executive incentives with shareholder interests and business performance^5^.
Meanwhile, Tara D. Mackey, Chief Legal Officer and Secretary, reflected a steady compensation pattern. In 2022, her total compensation stood at $1,037,836, compared to $976,377 in 2020. Her package also emphasized stock awards and incentive plans, underscoring the industry-wide trend towards performance-based compensation structures^2^, ^4^.
Despite these strategic financial decisions, AZZ's stock performance has recently been under pressure. The company’s stock closed slightly lower at $81.65, marking a modest decline of 0.01% on December 23, 2024. This minor setback contradicts an earlier session where AZZ outperformed the broader market, closing at $94.49, a rise of 0.79%^7^, ^9^.
As AZZ gears up to release its third-quarter fiscal year 2025 financial results on January 9, 2025, the company’s financial strategies and market adaptations remain critical focal points. Management is poised to discuss these results in an upcoming conference call, aiming to address investor queries and shed light on future trajectories^6^, ^8^.
With current market capitalization at approximately $2.44 billion and a P/E ratio of 56.7, AZZ remains a significant entity to watch within its sector. Its stock price fluctuations, alongside the strategic management of executive compensation, illustrate the intricate balance between rewarding leadership and maintaining investor confidence in volatile market conditions^10^.
:
1. SEC Filing for 2024: Thomas E. Ferguson compensation details. [SEC.gov](https://www.sec.gov/Archives/edgar/data/8947/000110465924065392/0001104659-24-065392-index.htm).
2. SEC Filing for 2022: Tara D. Mackey compensation details. [SEC.gov](https://www.sec.gov/Archives/edgar/data/8947/000110465923065609/0001104659-23-065609-index.htm).
3. Press Release on financial results review. [PRNewswire](https://www.prnewswire.com/news-releases/azz-inc-to-review-third-quarter-fiscal-year-2025-financial-results-on-thursday-january-9-2025-302337810.html).
4. SEC Filing for 2020: Tara D. Mackey compensation trends. [SEC.gov](https://www.sec.gov/Archives/edgar/data/8947/000114036122021443/0001140361-22-021443-index.htm).
5. SEC Filing for 2020: Thomas E. Ferguson compensation trends. [SEC.gov](https://www.sec.gov/Archives/edgar/data/8947/000000894720000122/0000008947-20-000122-index.htm).
6. Press Release: AZZ Inc. financial results call. [PRNewswire](https://www.prnewswire.com/news-releases/azz-inc-to-review-third-quarter-fiscal-year-2025-financial-results-on-thursday-january-9-2025-302337810.html).
7. News Headline: AZZ stock market performance review. [Zacks.com](https://www.zacks.com/stock/news/2387189/azz-azz-stock-sinks-as-market-gains-here-s-why?cid=CS-STOCKNEWSAPI-FT-tale_of_the_tape|yseop_template_6v2-2387189).
8. News Headline: AZZ’s market dynamics. [Zacks.com](https://www.zacks.com/stock/news/2384216/azz-azz-outperforms-broader-market-what-you-need-to-know?cid=CS-STOCKNEWSAPI-FT-tale_of_the_tape|yseop_template_6v1-2384216).
9. Snapshot of AZZ Inc.'s stock price performance. [Zacks.com](https://www.zacks.com/stock/news/2383260/here-is-what-to-know-beyond-why-azz-inc-azz-is-a-trending-stock?cid=CS-STOCKNEWSAPI-FT-tale_of_the_tape|most_searched_stocks_v1-2383260).
10. Market data of AZZ Inc. [Realtime Market Data].