8-K

CRH PUBLIC LTD CO 8-K Report (Oct 26, 2006)

Filed October 26, 2006For Securities:CRH

Summary

This Form 6-K filing by CRH Public Limited Company (CRH) on October 26, 2006, primarily reports on share transactions by a Director/Person Discharging Managerial Responsibilities (PDMR), Thomas W. Hill. The filing details the exercise of share options and subsequent sale of shares by Mr. Hill. Specifically, Mr. Hill exercised options for 50,000 ordinary shares at EUR13.26 per share and immediately sold these shares at EUR27.35 per share. This transaction was completed on October 25, 2006. This information is important for investors as it provides transparency into insider transactions. The exercise and sale of options by a director can signal various intentions, such as realizing gains or managing personal finances. The significant spread between the exercise price and sale price (EUR13.26 vs. EUR27.35) indicates a substantial profit for Mr. Hill. Investors may analyze such actions to gauge executive confidence in the company's future performance and valuation.

Key Highlights

  • 1Director/PDMR Thomas W. Hill exercised 50,000 share options on October 25, 2006.
  • 2The exercise price for these options was EUR13.26 per share.
  • 3Immediately following the option exercise, Mr. Hill sold all 50,000 shares.
  • 4The sale price for these shares was EUR27.35 per share.
  • 5This transaction resulted in a significant profit for Mr. Hill, with a spread of EUR14.09 per share.
  • 6The filing is made under Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934, classifying CRH as a foreign issuer filing an annual report on Form 20-F.
  • 7The total holding of Mr. Hill following this transaction was 78,466 ordinary shares.

Frequently Asked Questions

The report details the exercise of share options by Thomas W. Hill, followed by the sale of those acquired shares. This involves both the acquisition of shares through option exercise and the disposal of shares.

Mr. Hill exercised 50,000 options at EUR13.26 per share and sold them at EUR27.35 per share. This represents a profit of EUR14.09 per share (EUR27.35 - EUR13.26), totaling approximately EUR704,500 (50,000 shares * EUR14.09) before any taxes or other deductions.

While Mr. Hill sold the 50,000 shares acquired through option exercise, his total holding following the notification was 78,466 shares. This means he still retained a significant number of shares, and the net change to his total beneficial holding from this specific event (considering the shares acquired and then sold) is zero, though his option holdings would be reduced.

CRH is a foreign issuer (public limited company based in Ireland) and files reports on Form 6-K to furnish information to the SEC that it makes or is required to make public pursuant to Irish law, or is required to file with any stock exchange on which it is listed. This particular filing relates to director shareholding disclosures, which are often required in multiple jurisdictions.