Name of entity James Hardie Industries plc |
ARBN 097 829 895 |
Name of Director | Jack TRUONG |
Date of last notice | 7 February 2018 |
Direct or indirect interest | Not applicable |
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 | Not applicable |
Class | Not applicable |
Number acquired | Not applicable |
Number disposed | Not applicable |
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Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation | Not applicable |
No. of securities held after change | Not applicable |
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 be issued ordinary shares/CUFs upon satisfaction of certain conditions |
Name of registered holder (if issued securities) | Not applicable |
Date of change | 17 August 2019 (US time) – Grant of RSUs |
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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 | Return on Capital Employed (ROCE) RSUs ROCE RSUs subject to a ROCE hurdle based on the company’s average ROCE performance over a specified period and the Remuneration Committee’s potential exercise of negative discretion: • 34,110 ROCE RSUs with a vesting date of 21/08/20 • 34,110 ROCE RSUs vesting rateably on 21/08/20, 21/08/21 and 21/08/22 • 55,938 ROCE RSUs with a vesting date of 17/08/21. Pending grant subject to the prior approval of shareholders in accordance with Chapter 10 of the ASX Listing Rules (or an ASX waiver of this requirement being granted): • 9,519 ROCE RSUs with a vesting date of 17/08/21. Relative Total Shareholder Return (TSR) RSUs TSR RSUs subject to a TSR hurdle based on the company’s TSR performance relative to it’s peer group: • 61,726 TSR RSUs with a vesting date of 21/08/20 • 61,726 TSR RSUs vesting rateably on 21/08/20, 21/08/21 and 21/08/22 • 106,058 TSR RSUs with a vesting date of 17/08/21. Pending grant subject to the prior approval of shareholders in accordance with Chapter 10 of the ASX Listing Rules (or an ASX waiver of this requirement being granted): • 18,518 TSR RSUs with a vesting date of 17/08/21. |
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Interest acquired | Two separate supplemental grants of RSUs, as part of the FY2019 long-term incentive to the CEO pursuant to the 2006 Plan, approved by shareholders at the 2019 Annual General Meeting: • 9,519 ROCE RSUs with a vesting date of 17/08/21. • 18,518 TSR RSUs with a vesting date of 17/08/21. Two separate grants of RSUs, as part of the FY2020 long-term incentive to the CEO pursuant to the 2006 Plan, approved by shareholders at the 2019 Annual General Meeting: • 139,432 TSR RSUs. These RSUs are subject to a TSR based hurdle measured over a performance period of 3 years from the grant date; and • 75,545 ROCE RSUs. These are subject to a ROCE hurdle based on the company’s average ROCE performance in FY2020-2022 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 |
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Interest after change | Return on Capital Employed (ROCE) RSUs ROCE RSUs subject to a ROCE hurdle based on the company’s average ROCE performance over a specified period and the Remuneration Committee’s potential exercise of negative discretion: • 34,110 ROCE RSUs with a vesting date of 21/08/20 • 34,110 ROCE RSUs vesting rateably on 21/08/20, 21/08/21 and 21/08/22 • 55,938 ROCE RSUs with a vesting date of 17/08/21. • 9,519 ROCE RSUs with a vesting date of 17/08/21. • 75,545 ROCE RSUs with a vesting date of 17/08/22 Relative Total Shareholder Return (TSR) RSUs TSR RSUs subject to a TSR hurdle based on the company’s TSR performance relative to it’s peer group: • 61,726 TSR RSUs with a vesting date of 21/08/20 • 61,726 TSR RSUs vesting rateably on 21/08/20, 21/08/21 and 21/08/22 • 106,058 TSR RSUs with a vesting date of 17/08/21. • 18,518 TSR RSUs with a vesting date of 17/08/21. • 139,432 TSR RSUs with a vesting date of 17/08/22. |
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 |
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