James Hardie issues employee incentive securities and merger-related shares

James Hardie Industries Plc (ASX:JHX) has announced the issuance of 163,429 Restricted Stock Units (JHXAK) on December 1, 2025, under its employee incentive scheme. These securities are subject to transfer restrictions and will not be quoted on ASX until the restriction period ends. Jonathan Skelly, a key management personnel (KMP), was among those issued these securities. The terms of the 2006 LTI Plan, under which these Performance-Based RSUs were granted, are available via a provided URL.

Additionally, James Hardie issued 661 ordinary shares (JHXAM) on December 2, 2025, as part of a previously announced transaction. These unquoted shares stem from the settlement of certain AZEK equity awards outstanding following James Hardie’s merger with The AZEK Company Inc. on July 1, 2025. This issuance was made for a cash consideration of $0.68500000 per security.

James Hardie obtained a waiver from Listing Rule 2.4 for the issuance of these unquoted securities on July 16, 2025, after applying on July 7, 2025. Following these issues, the total unquoted securities now include 5,042,477 Restricted Stock Units, 149,207,393 Ordinary Shares, and 269,221 Options expiring November 3, 2027, at an exercise price of $33.05. The total quoted CHESS Depositary Interests (JHX) remain at 430,083,973.