8-K

CRH PUBLIC LTD CO 8-K Report (Mar 5, 2008)

Filed March 5, 2008For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on March 5, 2008, to report director and PDMR (Persons Disclosing Management Responsibilities) shareholdings. The primary focus of this filing is the awarding of deferred ordinary shares to several key executives under the company's performance-related incentive plan. These awards, granted on March 5, 2008, are subject to a deferral period of three years or until normal retirement, and can be forfeited under specific conditions, aligning executive compensation with long-term company performance. Investors should note that this filing signifies a typical executive compensation mechanism rather than a material operational or financial event. The awards indicate continued investment in and commitment from senior management. The deferred shares are valued at a purchase price of EUR24.7936 each, and the number of shares awarded varies among the executives, reflecting different levels of responsibility and incentive structures within the company. The filing does not contain financial results or strategic updates, but rather details on equity awards to leadership.

Key Highlights

  • 1CRH Public Limited Company filed a Form 6-K on March 5, 2008.
  • 2The filing details awards of deferred ordinary shares to CRH executives.
  • 3These awards are part of the company's performance-related incentive plan.
  • 4The awards were granted on March 5, 2008.
  • 5Deferred shares are subject to a three-year vesting period or until normal retirement.
  • 6Awards are forfeitable under certain circumstances, linking executive pay to long-term performance.
  • 7The purchase price for these deferred shares was EUR24.7936 per share.

Frequently Asked Questions

The main purpose of this Form 6-K filing is to report awards of deferred ordinary shares granted to CRH executives under the company's performance-related incentive plan. It details the number of shares awarded, the purchase price, and the terms of deferral and forfeiture.

The awards were granted to several CRH executives, including M. Clarke, T.W. Hill, M. Lee (Finance Director), and W.I. O'Mahony.

The deferred shares are awarded at a price of EUR24.7936 each. They are deferred for a period of three years or until the executive's normal retirement. The awards are also forfeitable under certain circumstances, indicating a performance-linked component.

No, this filing does not disclose any new financial results, operational updates, or strategic changes. It solely pertains to executive compensation in the form of deferred share awards, which is a standard reporting requirement for director and PDMR shareholdings.