Name of entity James Hardie Industries plc |
ARBN 097 829 895 |
Name of Director | Louis GRIES |
Date of last notice | 22 September 2017 |
Direct or indirect interest | Direct |
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest. | Not applicable |
Date of change | Not applicable |
No. of securities held prior to change | 504,507 ordinary shares/CUFS registered in the name of the Director (of which 32,555 are in a holding lock until 16 September 2018, 16,659 are in holding lock until 19 September 2018 39,490 are in a holding lock until 20 September 2018, 12,445 are in a holding lock until 18 September 2019 and 12,673 are in a holding lock until 19 September 2019). |
Class | Ordinary shares/CUFS |
01/01/2011 | Appendix 3Y Page 1 |
Number acquired | Not applicable |
Number disposed | Not applicable |
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation | Not applicable |
No. of securities held after change | Current relevant interest is: 504,507 ordinary shares/CUFS registered in the name of the Director (of which 32,555 are in a holding lock until 16 September 2018, 16,659 are in holding lock until 19 September 2018 39,490 are in a holding lock until 20 September 2018, 12,445 are in a holding lock until 18 September 2019 and 12,673 are in a holding lock until 19 September 2019). |
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back | Not applicable |
Detail of contract | Not applicable |
Nature of interest | Restricted Stock Units (RSUs) are contractual entitlements to issued ordinary shares/CUFS upon satisfaction of certain conditions. |
Name of registered holder (if issued securities) | Not applicable |
Date of change | 17 August 2018 (US time) – Grant of RSUs |
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed | • 920,292 Relative TSR RSUs; and • 585,547 ROCE RSUs. |
01/01/2011 | Appendix 3Y Page 2 |
Interest acquired | Two separate grants of RSUs, as part of the FY2019 long-term incentive to the CEO pursuant to the 2006 Plan, approved by shareholders at the 2018 Annual General Meeting: • 226,709 Relative TSR RSUs. These RSUs are subject to a TSR based hurdle measured over a performance period of 3 years from the grant date; and • 122,211 ROCE RSUs. These are subject to a ROCE hurdle based on the company’s average ROCE performance in FY2019-2021 and the Remuneration Committee’s exercise of negative discretion three years from the grant date. |
Interest disposed | Not applicable |
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation | Nil |
Interest after change | Current interests in contracts: • 1,147,001 Relative TSR RSUs; and • 707,758 ROCE RSUs. |
Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required? | No | |
If so, was prior written clearance provided to allow the trade to proceed during this period? | Not applicable | |
If prior written clearance was provided, on what date was this provided? | Not applicable |
01/01/2011 | Appendix 3Y Page 3 |