ORiordain Padraig 4
4 · CRH PUBLIC LTD CO · Filed May 15, 2026
Research Summary
AI-generated summary of this filing
CRH Chief Legal Officer Padraig O'Riordain Exercises RSUs, Sells Shares
What Happened
Padraig O'Riordain, Chief Legal & Corporate Affairs Officer of CRH plc (CRH), had 1/3 of a time‑based RSU award vest on May 13, 2026 and converted those RSUs into ordinary shares. A total of 2,522 shares were issued on exercise (2,488 vested RSUs plus 34 dividend equivalents). On the same date, 1,317 of those shares were sold to cover applicable withholding taxes, producing proceeds of approximately $145,415 (reported VWAP $110.41).
Key Details
- Transaction date: May 13, 2026; Form 4 filed May 15, 2026 (timely filing).
- Shares acquired on conversion: 2,522 ordinary shares (includes 34 dividend equivalents).
- Shares sold to satisfy tax withholding: 1,317 shares at a reported VWAP of $110.41 for proceeds of ~$145,415. Sale prices for the reported transaction ranged $109.02–$111.515.
- Net shares retained from this vesting: roughly 1,205 shares (2,522 acquired minus 1,317 sold).
- Footnotes: F1 = vesting/release of 1/3 of a 7,464 RSU award granted May 13, 2025; F2 = mandatory sale to cover withholding taxes; F3 = reported price is VWAP and full sale details available on SEC request.
- Transaction codes: M = exercise/conversion of derivative (RSU conversion); F = shares sold to cover tax liabilities.
Context
This was a routine RSU vesting and cashless tax-withholding sale, not an open-market investment purchase. Such mandatory sell-to-cover transactions are common when restricted stock/RSUs vest and generally reflect tax obligations rather than a discretionary sale reflecting sentiment.
Insider Transaction Report
- Exercise/Conversion
Ordinary Shares
[F1]2026-05-13+2,522→ 4,014 total - Tax Payment
Ordinary Shares
[F2][F3]2026-05-13$110.41/sh−1,317$145,415→ 2,697 total - Exercise/Conversion
Restricted Share Units
[F1]2026-05-13−2,488→ 10,612 total→ Ordinary Shares (2,488 underlying)
Footnotes (3)
- [F1]Reflects the vesting and release of 1/3 of a time-based conditional award of 7,464 restricted share units ("RSU") granted under the CRH plc Equity Incentive Plan (the "EIP") on May 13, 2025 (including the award of 34 additional Ordinary Shares as dividend equivalents), of which a further 1/3 will vest on each grant anniversary in May 2027 and 2028, respectively.
- [F2]Mandatory sale of sufficient Ordinary Shares to cover applicable withholding tax liabilities arising in connection with the aforementioned award.
- [F3]The reported price represents the volume-weighted average price of shares sold. Sale prices for the reported transaction ranged between $109.02 and $111.515, inclusive. Full information regarding the Ordinary Shares sold will be provided to the SEC upon request.