Appendix 3Y Change of Director’s Interest Notice |
Name of entity James Hardie Industries plc | ||
ARBN 097 829 895 |
Name of Director | Jack TRUONG | ||||
Date of last notice | 18 December 2020 |
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 | 61,669 ordinary shares/CUFS registered in the name of the Director (15,417 are in a holding lock until 21 August 2022) | ||||
Class | Ordinary shares/CUFS | ||||
Number acquired | Not applicable | ||||
Number disposed | Not applicable |
+ See chapter 19 for defined terms. |
Appendix 3Y Change of Director’s Interest Notice |
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: 61,119 ordinary shares/CUFS registered in the name of the Director (15,417 are in a holding lock until 21 August 2022) | ||||
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 | 5 November 2020 (US time) – Grant of RSUs |
+ See chapter 19 for defined terms. |
Appendix 3Y Change of Director’s Interest Notice |
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: •22,740 ROCE RSUs vesting rateably on 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 its peer group: •41,150 TSR RSUs vesting rateably on 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. | ||||
Interest acquired | Two separate grants of RSUs, as part of the FY2021 long-term incentive to the CEO pursuant to the 2006 Plan, approved by shareholders at the 2020 Annual General Meeting: •127,083 TSR RSUs. These RSUs are subject to a TSR based hurdle measured over a performance period of 3 years from the grant date; and •82,131 ROCE RSUs. These are subject to a ROCE hurdle based on the company’s average ROCE performance in FY2021-2023 and the Remuneration Committee’s exercise of negative discretion three years from the grant date. | ||||
Interest disposed | Not applicable |
+ See chapter 19 for defined terms. |
Appendix 3Y Change of Director’s Interest Notice |
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation | Nil | ||||
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: •22,740 ROCE RSUs vesting rateably on 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 •82,131 ROCE RSUs with a vesting date of 17/08/23 Relative Total Shareholder Return (TSR) RSUs TSR RSUs subject to a TSR hurdle based on the company’s TSR performance relative to its peer group: •41,150 TSR RSUs vesting rateably on 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 •127,083 TSR RSUs with a vesting date of 17/08/23 |
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 |
+ See chapter 19 for defined terms. |