Lake Randy 4
Research Summary
AI-generated summary
CRH COO Randy Lake Receives RSU Award; Shares Withheld for Taxes
What Happened Randy Lake, Chief Operating Officer of CRH plc (CRH), had one-third of a time‑based restricted share unit (RSU) award vest on May 13, 2026. The filing shows the conversion/vesting produced 6,381 ordinary shares (6,294 vested RSUs plus 87 dividend-equivalent shares) issued at $0.00. To satisfy tax withholding, 2,843 shares were surrendered/disposed at an implied price of $108.75 each, totaling approximately $309,176. This was a vesting/compensation event rather than an open-market purchase or a voluntary sale.
Key Details
- Transaction date: May 13, 2026; Form 4 filed May 15, 2026 (within the usual 2‑business‑day reporting window).
- Shares acquired on vesting: 6,381 ordinary shares (includes 87 dividend-equivalent shares).
- Shares withheld for taxes: 2,843 shares at $108.75 each, totaling ~$309,176.
- The filing also lists the underlying vested RSUs as 6,294 shares (1/3 of 18,882 RSUs granted on May 13, 2025).
- Footnotes: F1 explains the 1/3 vesting of an 18,882 RSU award (with 1/3 vesting annually in May 2027 and 2028); F2 notes mandatory withholding of shares to cover tax liabilities.
- Shares owned after the transaction are not specified in the provided excerpt of the filing.
Context
- This is a routine compensation vesting event (RSUs converting to ordinary shares) with mandatory share withholding to cover taxes — functionally similar to a cashless exercise/settlement but not an open‑market sale that would signal trading intent.
- No 10b5‑1 plan or gift is indicated; the activity reflects standard executive compensation administration.