Form 4: CRH Executive Alan Connolly Reports Share Transactions Following Vesting of Performance Share Awards

Alan Connolly, Interim CFO of CRH, reports the acquisition and disposal of ordinary shares related to the vesting of performance share awards and subsequent tax obligations.

Summary

• On March 3, 2025, Alan Connolly, Interim CFO of CRH, acquired 22,298 ordinary shares due to the vesting of awards granted in 2022 under the 2014 Performance Share Plan Rules.
• This vesting includes 2,261 additional ordinary shares as dividend equivalents, based on the Compensation Committee's certification of pre-established performance goals.
• To cover withholding tax liabilities associated with the award, Connolly sold 11,618 ordinary shares at a volume-weighted average price of $102.9272.
• Connolly also sold 10,680 ordinary shares at a volume-weighted average price of $102.9272.
• Following these transactions, Connolly beneficially owns 52,341 ordinary shares, which includes 128 shares purchased through an employee share participation scheme.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects standard executive compensation practices and required disclosures. The vesting of shares suggests positive performance, but the subsequent sale is a routine event.

Positives

• The vesting of performance share awards indicates that pre-established performance goals were met, as certified by the Compensation Committee.

Negatives

• The sale of shares to cover tax liabilities reduces Connolly's direct ownership in the company.

Industry Context

This filing is a routine disclosure related to executive compensation and share ownership, common among publicly traded companies. It provides transparency regarding the alignment of executive incentives with company performance.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.

Key Dates

Keywords

CRH, Alan Connolly, Form 4, Share Transactions, Performance Share Plan, Vesting, Tax Liabilities, Ordinary Shares, SEC Filing