Lada Ryan 4

What Happened

• Lada Ryan, Chief Financial Officer of James Hardie Industries plc (JHX), exercised 7,700 stock options on 2026-06-16. The exercise is reported as 7,700 shares at $24.45 per share (total value $188,265).
• To cover the exercise price and tax withholding, the issuer withheld/surrendered 7,495 shares on 2026-06-16 valued at $25.48 per share (total ~$190,973). Net shares retained from the exercise were approximately 205 shares.
• On 2026-06-15 Ryan was also granted awards: 11,422 restricted stock units (RSUs) and 14,232 non-qualified option units (derivative grant) (both $0 reported as grant price).

Key Details

• Transaction dates and prices:
  • 2026-06-15: Grants — 11,422 RSUs (F1) and 14,232 option/derivative awards (F2/F4) at $0.00 (award).
  • 2026-06-16: Option exercise — 7,700 shares @ $24.45 (acquired; $188,265).
  • 2026-06-16: Shares withheld to satisfy exercise price/taxes — 7,495 shares @ $25.48 (disposed; ~$190,973) (F3).
• Shares owned after transaction: Not disclosed in the provided Form 4 details.
• Notable footnotes:
  • F1: RSUs vest in three equal annual installments beginning on the first anniversary of the grant, subject to continued service.
  • F2: Annual long‑term incentive grant (more detail to appear in the 2026 proxy statement).
  • F3: Shares were withheld by the issuer to satisfy exercise price and tax obligations (typical cashless/withholding procedure).
  • F4: Non‑qualified stock options vest in three equal annual installments starting on the first anniversary.
• Filing timeliness: Form 4 filed 2026-06-17 covering transactions on 2026-06-15 and 06-16; this filing date is within the usual two-business-day reporting window.

Context

• This was an option exercise with most of the resulting shares withheld to cover the exercise and tax obligations — a common cashless exercise procedure, not an open-market sale. The key actionable items for investors are the new RSU and option grants (long-term compensation) and that the exercise did not result in a large market sale.
• Awards (RSUs and options) vest over multiple years (three equal annual installments), so these are compensation/retention actions rather than immediate purchases or indications of a large insider sale.