8-K

CRH PUBLIC LTD CO 8-K Report (Apr 10, 2003)

Filed April 10, 2003For Securities:CRH

Summary

This SEC Form 6-K filing from CRH Public Limited Company (CRH), dated April 10, 2003, primarily serves to notify the U.S. Securities and Exchange Commission of director shareholdings and option grants. The report details stock option grants made to several key directors, including William I. O'Mahony, Angela Malone, Thomas W. Hill, and John L. Wittstock on April 9, 2003. These grants represent a mechanism for aligning executive interests with shareholder value, offering potential future equity participation at a predetermined exercise price. Investors can view these option grants as part of CRH's executive compensation strategy. The filing provides specific details on the number of ordinary shares involved, the grant date, the exercise period, and the exercise price for each director. While this filing does not disclose financial performance or strategic shifts, it offers transparency regarding director equity incentives and their total holdings or option grants following these transactions, providing insight into the company's governance and executive remuneration practices.

Key Highlights

  • 1Notification of stock option grants to CRH directors William I. O'Mahony, Thomas W. Hill, and John L. Wittstock, and Secretary Angela Malone.
  • 2Options granted on April 9, 2003, with an exercise price of EUR 13.15 for most and EUR 13.26 for others.
  • 3Specific details provided on the number of ordinary shares subject to these option grants for each director.
  • 4Information on the exercisable periods for the granted options, generally ranging from April 9, 2006, to April 8, 2013, or April 9, 2008, to April 8, 2013.
  • 5The nominal cost of EUR 1.00 was paid for the grant of these options.
  • 6The filing provides an updated total number of shares under option for each director following these grants, indicating significant executive equity participation.
  • 7The report is filed under Form 6-K, indicating it's a report of a foreign issuer furnishing information to the SEC.

Frequently Asked Questions

The primary purpose of this filing is to report changes in director shareholdings and to provide notification of stock option grants made to CRH directors and the Secretary on April 9, 2003. It ensures transparency regarding executive equity incentives.

The filing details the number of ordinary shares granted under option to specific directors, the date of the grant (April 9, 2003), the exercise price (ranging from EUR 13.15 to EUR 13.26), and the periods during which the options can be exercised (typically between 2006-2013 and 2008-2013). A nominal fee of EUR 1.00 was paid for each grant.

No, this specific filing (Form 6-K) focuses on director shareholdings and stock option grants. It does not contain information regarding CRH's financial performance, earnings, or strategic business decisions.

The stock option grants were made to CRH directors William I. O'Mahony, Thomas W. Hill, and John L. Wittstock, as well as Secretary Angela Malone.