Form 4: CRH Public Ltd Co: Chief Growth Officer Receives Restricted Share Units

Philip Wheatley, Chief Growth Officer of CRH Public Ltd Co, was granted 5,928 restricted share units on May 13, 2025, which will vest in three annual installments starting in May 2026.

Summary

• On May 13, 2025, Philip Wheatley, the Chief Growth Officer of CRH Public Ltd Co, received an award of 5,928 restricted share units (RSUs).
• These RSUs represent the right to receive one Ordinary Share of CRH.
• The RSUs are subject to a time-based conditional award under the CRH plc Equity Incentive Plan (EIP).
• One-third of the RSUs 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 sentiment is neutral to positive. It reflects a standard executive compensation practice, indicating confidence in the executive's role and the company's future.

Positives

• The grant of RSUs aligns the Chief Growth Officer's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the executive.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting schedule of the RSUs.

Industry Context

This type of equity compensation is common for executives in publicly traded companies to incentivize performance and align their interests with shareholders.

Comparison to Industry Standards

• Equity compensation packages for Chief Growth Officers at companies similar to CRH typically include a mix of stock options, restricted stock units, and performance-based awards.
• The vesting schedule of one-third per year for three years is a fairly standard approach to ensure continued service and commitment.
• Companies like Holcim and HeidelbergCement also utilize similar equity incentive plans for their executives.

Stakeholder Impact

• Shareholders may view this as a positive sign, indicating that the company is investing in its leadership.
• Employees may see this as a sign of stability and growth potential within the company.

Next Steps

• The RSUs will vest according to the schedule outlined in the document.
• Dividend equivalents will be reported at the time of vesting.

Key Dates

Keywords

CRH, Restricted Share Units, RSU, Equity Incentive Plan, Philip Wheatley, Chief Growth Officer, Beneficial Ownership, Form 4