8-K

CRH PUBLIC LTD CO 8-K Report (Apr 11, 2007)

Filed April 11, 2007For Securities:CRH

Summary

This SEC Form 6-K filing by CRH Public Limited Company on April 11, 2007, primarily concerns notifications of share option grants and awards to several individuals discharging managerial responsibilities within the company. These transactions, including grants under the CRH 2000 Share Option Scheme and the CRH 2006 Performance Share Plan, represent a form of executive compensation and a commitment to align management interests with those of shareholders. Investors can view these grants as an investment in retaining key talent and incentivizing future performance. The details provided specify the number of shares involved, the grant dates, exercise periods, and exercise prices, offering transparency into the company's executive compensation practices. The filing does not disclose significant operational or financial changes, but rather focuses on internal personnel compensation adjustments related to equity.

Key Highlights

  • 1Notification of share option grants and awards to multiple Directors and Persons Discharging Managerial Responsibility (PDMRs).
  • 2Transactions include grants under the CRH 2000 Share Option Scheme and the CRH 2006 Performance Share Plan.
  • 3Grants were made on April 10, 2007 (and April 11, 2007, for one individual's savings-related scheme).
  • 4Option exercise periods vary, with some starting in April 2010 and others in March 2010, typically spanning several years.
  • 5Nominal cost for option grants (EUR1.00) or nil cost for share awards, indicating these are incentive-based compensation.
  • 6Specific exercise prices are provided for options granted under the CRH 2000 Scheme, ranging from EUR32.70 to EUR33.12.
  • 7The filing provides transparency into the equity compensation of key management personnel.

Frequently Asked Questions

This filing (Form 6-K) is primarily a notification of transactions by directors and persons discharging managerial responsibilities (PDMRs) at CRH plc. It details the granting of share options and awards as part of their compensation and incentive packages.

The options and awards were granted to several individuals holding managerial responsibilities within CRH, including Myles P. Lee, Thomas W. Hill, Angela Malone, Mairtin Clarke, Jack Golden, and Albert Manifold.

The grants include options under the CRH 2000 Share Option Scheme with specific exercise prices and vesting periods, as well as awards under the CRH 2006 Performance Share Plan. Most options were granted on April 10, 2007, with exercise periods generally starting in 2010 and lasting several years. The share awards are typically not subject to an exercise price.

No, this specific filing does not report on the company's financial performance, operational changes, or strategic shifts. It is focused solely on the internal matter of equity-based compensation for key management personnel.