Form 4: CRH Executive Robert T. Feury Jr. Reports Share Transactions Following Vesting of Performance Awards
SEC Form 4
Robert T. Feury Jr., Chief Culture & People Officer of CRH PUBLIC LTD CO, reports acquisition and disposal of ordinary shares related to vesting of performance awards and tax withholding.
Summary
- On March 3, 2025, Robert T. Feury Jr., Chief Culture & People Officer of CRH PUBLIC LTD CO, acquired 25,305 ordinary shares due to the vesting and release of awards granted in 2022 under the 2014 Performance Share Plan Rules.
- This includes 2,118 additional ordinary shares as dividend equivalents.
- The vesting was based on the Compensation Committee's certification of achieving pre-established performance goals.
- Simultaneously, 12,678 ordinary shares were disposed of at a price of $99.97 to cover applicable tax liabilities.
- Following these transactions, Feury directly owns 57,567 ordinary shares.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. The vesting of performance awards suggests the company is meeting its goals, but the subsequent share disposal is a neutral event.
Positives
- The vesting of performance awards indicates that pre-established performance goals were met, as certified by the Compensation Committee.
Negatives
- The disposal of 12,678 shares to cover tax liabilities, while a standard practice, reduces the executive's overall holdings.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.
Comparison to Industry Standards
- Executive compensation packages often include performance-based equity awards to align management's interests with those of shareholders.
- Vesting schedules and tax withholding practices are common features of these awards.
- Companies like Martin Marietta Materials and Vulcan Materials also utilize equity-based compensation for their executives.
Stakeholder Impact
- Shareholders may view the vesting of performance awards positively, as it indicates the achievement of company goals.
- The transactions have a minimal direct impact on other stakeholders.
Key Dates
| Date | Description |
|---|---|
| 2022 | Date of original award grant under the 2014 Performance Share Plan Rules. |
| 03/03/2025 | Date of the reported transactions: acquisition and disposal of ordinary shares. |
| 03/05/2025 | Date of signature on the Form 4 filing. |
Keywords
CRH, Robert T. Feury Jr., share transactions, performance awards, vesting, tax withholding, Form 4, insider trading
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