Form 4: CRH PLC: CEO Denis James Mintern Awarded 44,955 Restricted Share Units

CRH PLC's CEO, Denis James Mintern, received an award of 44,955 restricted share units on May 13, 2025, which will vest in three tranches starting in May 2026.

Summary

• On May 13, 2025, Denis James Mintern, CEO of CRH PLC, was granted 44,955 restricted share units (RSUs).
• These RSUs represent the right to receive one ordinary share of CRH PLC each.
• The RSUs are subject to a time-based conditional award under the CRH plc Equity Incentive Plan (EIP).
• The vesting schedule is as follows: 1/3 will vest on the grant anniversary in May 2026, 2027, and 2028 respectively.
• Dividend equivalents will apply to these awards and will be reported at the time of vesting.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, which is generally viewed neutrally to positively as it aligns management interests with shareholders. The vesting schedule promotes long-term commitment.

Positives

• The granting of RSUs to the CEO aligns his interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the CEO.

Future Outlook

The CEO's compensation is tied to the company's performance through the vesting of the RSUs over the next three years.

Industry Context

Granting equity-based compensation is a common practice among publicly traded companies to incentivize executives and align their interests with shareholders.

Comparison to Industry Standards

• Equity compensation for CEOs in large, multinational companies like CRH PLC typically includes a mix of stock options, restricted stock units, and performance-based awards.
• The vesting schedule of these RSUs, with 1/3 vesting annually over three years, is a standard practice to ensure long-term commitment.
• Companies such as Holcim, HeidelbergCement, and Saint-Gobain, which are CRH PLC's competitors, also utilize similar equity compensation plans for their executives.

Stakeholder Impact

• Shareholders: The RSU grant aligns the CEO's interests with shareholder value creation.
• Employees: The grant may have a positive impact on employee morale as it demonstrates the company's investment in its leadership.

Key Dates

Keywords

CRH PLC, Denis James Mintern, Restricted Share Units, RSU, Equity Incentive Plan, EIP, Vesting, Dividend Equivalents, Form 4, Director, Officer