Creech Nathan 4
Research Summary
AI-generated summary
CRH President Nathan Creech Exercises RSUs, Sells Shares
What Happened
- Nathan Creech, President, Americas Division of CRH plc, had one‑third of a 15,369 RSU award vest on May 13, 2026. That release resulted in 5,194 ordinary shares (5,123 vested RSUs + 71 dividend equivalents) being delivered to him. To cover tax liabilities, 2,044 shares were withheld/sold, generating proceeds of $222,285 (2,044 × $108.75). The filing also records the conversion/settlement of 5,123 derivative RSUs.
Key Details
- Transaction date: May 13, 2026; Form 4 filed May 15, 2026 (filed within the usual 2-business-day window).
- Shares acquired: 5,194 ordinary shares from RSU vesting (recorded as exercise/conversion of derivative, code M) at $0.00 cost basis (awarded).
- Shares disposed/withheld: 2,044 shares withheld/sold to satisfy tax withholding at $108.75 per share, proceeds $222,285 (code F); an additional 5,123 RSU conversion is recorded as disposed (derivative settlement).
- Footnotes: F1 — this is 1/3 of a 15,369 RSU award granted May 13, 2025 (remaining 1/3 vests in May 2027 and May 2028); F2 — mandatory withholding of shares to cover taxes.
- Shares owned after transaction: not stated in the filing.
Context
- This was an RSU vesting and net settlement for taxes (routine compensation event), not an open‑market buy or a voluntary large sale. The withholding/sale to cover tax obligations is common following RSU vesting and does not necessarily indicate a view on the company's stock.