8-K

CRH PUBLIC LTD CO 8-K Report (Apr 11, 2006)

Filed April 11, 2006For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed this Form 6-K on April 11, 2006, to report on the grant of share options to several individuals discharging managerial responsibilities within the company. These grants were made under the 2000 Share Option Scheme on April 10, 2006, and involve ordinary shares of EUR0.32 each. The notification details the number of options granted to specific directors and PDMRs, the exercise price of EUR29.00, and the exercise period which spans from April 10, 2009, to April 9, 2016. This filing provides transparency into the company's executive compensation structure and potential future share dilution. Investors should note the total number of options held by these individuals following the grant, as it reflects their ongoing incentive alignment with the company's performance.

Key Highlights

  • 1Grant of share options to CRH Directors and Persons Discharging Managerial Responsibility (PDMRs) under the 2000 Share Option Scheme.
  • 2The options are for ordinary shares of EUR0.32 each.
  • 3Grant date for all reported options was April 10, 2006.
  • 4The exercise price for these options is fixed at EUR29.00 per share.
  • 5The options have a long exercise period, running from April 10, 2009, to April 9, 2016.
  • 6Notifications cover grants to Thomas W. Hill, Myles P. Lee, John L. Wittstock, Angela Malone, Jack Golden, and Albert Manifold.
  • 7This filing is a disclosure of insider transactions and executive compensation practices.

Frequently Asked Questions

This filing is a Form 6-K, which is a report of foreign private issuers. Its primary purpose is to notify the U.S. Securities and Exchange Commission (SEC) about transactions involving directors and persons discharging managerial responsibilities (PDMRs) within CRH plc, specifically the grant of share options.

The filing details share option grants to Thomas W. Hill, Myles P. Lee, John L. Wittstock, Angela Malone, Jack Golden, and Albert Manifold, all identified as directors or PDMRs of CRH plc.

The options were granted on April 10, 2006, under the 2000 Share Option Scheme. They are for CRH's ordinary shares (EUR0.32 par value), have an exercise price of EUR29.00 per share, and can be exercised between April 10, 2009, and April 9, 2016.

These option grants represent a form of executive compensation designed to align the interests of management with shareholders. The details provided allow investors to understand potential future share issuance (dilution) and the incentives provided to key personnel. The exercise price of EUR29.00 indicates management's expectation of future share price appreciation beyond this level for the options to be profitable.