CRH Re-Issues Treasury Shares to Satisfy Employee Performance Awards
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CRH plc ( (CRH) ) has shared an announcement.
CRH plc has re-issued 2,314,728 ordinary shares from treasury at a price of $124.75 per share to the trustees of its Employee Benefit Trust. The shares will be used to satisfy vested awards under the CRH 2014 Performance Share Plan, reflecting the company’s ongoing use of equity-based compensation to incentivize and retain employees.
Following the transaction, CRH now holds 35,661,896 ordinary shares in treasury, with 670,325,046 ordinary shares in issue excluding treasury stock. The change marginally adjusts the company’s free float and capital structure, a routine step that underscores its continued reliance on performance-linked share plans without signaling a major shift in overall shareholder capital.
More about CRH plc
CRH plc is a global building materials group that supplies products for construction and infrastructure markets. The company provides materials such as cement, aggregates, and related construction solutions to customers across commercial, residential, and public sector projects worldwide.
See more data about CRH stock on TipRanks’ Stock Analysis page.
