8-K

CRH PUBLIC LTD CO 8-K Report (Mar 27, 2009)

Filed March 27, 2009For Securities:CRH

Summary

This 8-K filing from CRH Public Limited Company (CRH) on March 26, 2009, details transactions involving the exercise of share options and subsequent sale of shares by several individuals discharging managerial responsibilities or acting as directors within the company. Specifically, William I. O’Mahony, Angela Malone, Máirtín Clarke, and Jack Golden engaged in these transactions on March 25, 2009. The filings outline the number of shares acquired and disposed of, the prices at which these transactions occurred (option exercise price and sale price), and the resulting total shareholdings for each individual. These disclosures are made in accordance with both Market Abuse Rules and relevant sections of the Companies Act 1990. While the total number of shares transacted represents a very small percentage of CRH's issued share class, these filings provide transparency into insider trading activities. Investors can use this information to gauge the confidence of key personnel in the company's stock performance. The filing also confirms that these transactions were not related to options granted in the past but were recent exercises and sales.

Key Highlights

  • 1Disclosure of share option exercises and subsequent sales by CRH Directors/PDMRs: William I. O’Mahony, Angela Malone, Máirtín Clarke, and Jack Golden.
  • 2Transactions occurred on March 25, 2009, with notifications filed on March 26, 2009.
  • 3William I. O’Mahony exercised 127,833 options and sold 90,000 shares.
  • 4Angela Malone exercised 24,349 options and sold 24,349 shares.
  • 5Máirtín Clarke exercised 36,524 options and sold 36,524 shares.
  • 6Jack Golden exercised 13,308 options and sold 6,808 shares.
  • 7The prices for option exercise ranged from €11.86 to €13.22, while sale prices were around €16.20 to €16.30.

Frequently Asked Questions

This 8-K filing serves to disclose transactions of Directors and Persons Discharging Managerial Responsibilities (PDMRs) with CRH plc's securities. Specifically, it reports on the exercise of share options and the subsequent sale of shares by several key individuals within the company.

William I. O’Mahony exercised 127,833 share options at a price of €13.2155 per share and subsequently sold 90,000 ordinary shares at a price of €16.301 per share. This resulted in a net increase in his total shareholding.

The prices at which options were exercised varied between approximately €11.86 and €13.22 per share. The shares sold were at a higher price, ranging from approximately €16.20 to €16.30 per share. This indicates a profitable transaction for the individuals involved, assuming they exercised options and immediately sold the acquired shares.

The percentages of issued share classes acquired and disposed of by each individual are very small, ranging from approximately 0.000994% to 0.018667%. Therefore, these transactions, while disclosed, do not represent a significant shift in the overall insider ownership structure of CRH plc.