James Hardie (JHX) CLO Timothy Beastrom Receives Award; 1,380 Shares Withheld

What Happened

• Timothy Beastrom, Chief Legal Officer of James Hardie Industries plc (JHX), received 4,509 shares on August 17, 2026 as the vesting of performance-based equity awards (grant price $0.00).
• To satisfy tax withholding obligations, 1,380 of those shares were surrendered/withheld at an effective price of $30.43 per share, equal to approximately $41,993. This withholding (code F) is not an open-market sale but a common tax-related disposition.

Key Details

• Transaction date: 2026-08-17; Filing date: 2026-08-19 (filed two days after the transaction, within the typical 2-business-day Form 4 window).
• Award: 4,509 shares received (price $0.00) — footnote indicates vesting of performance-based equity awards under the company’s long-term incentive plans.
• Withholding: 1,380 shares withheld to cover tax liability at $30.43/share, proceeds ~ $41,993 (code F).
• Shares owned after transaction: not specified in the provided filing details.
• This is an award/vesting event with tax withholding, not an open-market purchase or sale by the insider.

Context

• Vesting awards and share-withholding for taxes are routine compensation events and do not necessarily indicate a change in the insider’s market view.
• Code F denotes shares withheld to satisfy tax obligations; these shares are typically retained by the company or a broker rather than sold on the open market by the insider.