Forrest Nollaig 4

What Happened
Forrest Nollaig, Chief Marketing & Corporate Affairs Officer of Amrize Ltd, received 11,157 ordinary shares on Feb 27, 2026 as the settlement of performance stock units. To cover tax withholding, 4,681 of those shares were surrendered at $64.99 per share, generating proceeds of $304,218. Net shares retained from the settlement were 6,476.

Key Details

• Transaction dates: Feb 27, 2026 (award settlement and tax-withholding sale). Form filed: Mar 3, 2026 (timely filing).
• Award: 11,157 shares issued at $0.00 (performance award settlement).
• Tax withholding: 4,681 shares disposed at $64.99 each for $304,218 (code F — tax withholding).
• Shares owned after transaction: Not specified in the Form 4 filing.
• Footnotes:
  • F1 — The settled performance stock units converted from Holcim Ltd awards tied to Holcim/Amrize performance for 1/1/2023–12/31/2025 and resulted from the June 23, 2025 spin-off of Amrize from Holcim.
  • F2 — 258 shares referenced were acquired under Amrize’s 2025 Employee Stock Purchase Plan on Dec 31, 2025.

Context
This was primarily an award settlement (not an open-market purchase or a voluntary sale). The share disposition was a routine tax-withholding event (common when equity awards vest) and does not necessarily indicate a proactive sell decision. The award reflects vesting tied to prior performance and the company’s spin-off history.