CRH PUBLIC LTD CO·4

May 15, 4:58 PM ET

ORiordain Padraig 4

Research Summary

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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.