Form 4: CRH Executive Albert Manifold Reports Share Transactions Following Retirement

Albert Jude Manifold, former CEO and Director of CRH, reports the vesting and disposal of ordinary shares related to performance and deferred share bonus plans.

Summary

• Albert Jude Manifold, a former executive officer and director of CRH PUBLIC LTD CO, reported changes in beneficial ownership of ordinary shares on March 3, 2025.
• These transactions involve the vesting and release of awards granted in 2020 under the 2014 Performance Share Plan Rules, resulting in the acquisition of 197,993 shares.
• Additionally, a 2022 time-based conditional award under the 2014 Deferred Share Bonus Plan (DSB Plan Rules) vested, resulting in the acquisition of 25,942 shares.
• To cover applicable withholding tax liabilities, 116,446 shares were sold at an average price of $102.9272.
• Following these transactions, Manifold beneficially owns 187,572 ordinary shares.
• Manifold retired from his position as Chief Executive Officer and as a member of the Board of Directors of the Issuer, effective December 31, 2024.

Sentiment

Score: 6

Explanation: Neutral sentiment as the document primarily reports routine executive share transactions following vesting and retirement. There are no indications of significant positive or negative developments.

Positives

• The vesting of shares indicates that performance goals were met under the 2014 Performance Share Plan Rules.

Negatives

• The sale of 116,446 shares to cover tax liabilities may exert downward pressure on the share price, although the impact is likely minimal given the overall trading volume of CRH.

Risks

• Future transactions by Manifold could further impact the share price, depending on the volume and nature of those transactions.

Industry Context

Executive share transactions are a common occurrence, particularly following retirement or vesting events. The impact on the company's stock price is usually minimal unless the transactions involve a significant volume of shares.

Comparison to Industry Standards

• Executive compensation packages, including performance share plans and deferred share bonus plans, are standard practice among large, publicly traded companies like CRH.
• The vesting and subsequent sale of shares to cover tax liabilities are also typical.

Management Changes

Stakeholder Impact

• The share transactions may have a minor impact on shareholders due to the sale of shares to cover tax liabilities.
• The retirement of Albert Jude Manifold impacts employees and other stakeholders, but the document does not provide details on the transition.

Key Dates