Rhinehart Mary K 4
Research Summary
AI-generated summary
CRH Director Mary K Rhinehart Receives RSU Award; Shares Withheld
What Happened
- Mary K. Rhinehart, a director of CRH PUBLIC LTD CO (CRH), had time‑based restricted share units (RSUs) vest on May 13, 2026. The vesting resulted in the conversion/issuance of 2,004 ordinary shares.
- To cover tax liabilities, 962 of those shares were mandatorily withheld (disposed) at an indicated share value of $108.75, totaling $104,618. The filing also shows a separate conversion/disposition of 1,976 derivative shares (reported as a derivative transaction).
- In addition, the filing reports a new award of 1,556 RSUs (a time‑based award that, per the footnotes, will fully vest in May 2027).
Key Details
- Transaction date: May 13, 2026; Form 4 filed May 15, 2026 (two days after the transactions).
- Reported actions and codes: M = exercise/conversion of derivative (2,004 shares acquired; 1,976 shares reported as disposed), F = tax withholding (962 shares disposed), A = grant/award (1,556 RSUs acquired).
- Withholding value: 962 shares × $108.75 = $104,618 (reported as payment of tax liability).
- Footnotes: F1 notes the vesting/release of a time‑based RSU award (including 28 dividend‑equivalent shares); F2 confirms mandatory share withholding to cover taxes; F3 explains each RSU equals one ordinary share and that the 1,556‑RSU award vests in May 2027.
- Shares owned after the transactions: not reported in the summary data provided in this request (refer to the Form 4 for full beneficial ownership totals).
- Filing timeliness: filed on May 15, 2026 for May 13 transactions (reported within the typical 2‑business‑day window).
Context
- This was not an open‑market purchase or sale for investment purposes but net settlement of RSUs: RSUs converted to ordinary shares and a portion was withheld to satisfy tax withholding obligations (a routine administrative transaction).
- RSU awards and their vesting are compensation events; the separate grant of 1,556 RSUs represents future potential shares (vesting May 2027).