8-K

CRH PUBLIC LTD CO 8-K Report (Apr 1, 2009)

Filed April 1, 2009For Securities:CRH

Summary

This 8-K filing for CRH Public Limited Company (CRH) primarily concerns notifications of share transactions by directors and persons discharging managerial responsibilities (PDMRs) on March 30, 2009. These transactions involved the vesting of awards granted under CRH's Performance Share Plan, resulting in the acquisition of additional ordinary shares by several key executives, including Glenn A. Culpepper, Myles Lee, Albert Manifold, William I. O'Mahony, Mark S. Towe, Angela Malone, Mairtín Clarke, Jack Golden, and Henry Morris. The filings detail the number of shares acquired, the price per share, and the resulting total holdings for each individual. This type of disclosure is standard for publicly traded companies and provides transparency regarding insider share ownership and compensation-related share awards. Investors can use this information to gauge executive compensation practices and potential insider confidence in the company's stock.

Key Highlights

  • 1Multiple CRH directors and PDMRs acquired ordinary shares through the vesting of awards from the CRH plc Performance Share Plan.
  • 2The vesting events occurred on March 30, 2009, with notifications filed on March 31, 2009.
  • 3Share acquisition prices ranged from €15.95 to €16.30 per share.
  • 4Notable individuals with share acquisitions include Myles Lee, William I. O'Mahony, Glenn A. Culpepper, and Albert Manifold.
  • 5The filings confirm that these transactions are related to compensation plans and not disposals of existing holdings.
  • 6Each transaction reports the number of shares acquired and the updated total shareholding for the respective individual.
  • 7The reporting is in compliance with both Market Abuse Rules and Companies Act requirements.

Frequently Asked Questions

The share acquisitions were the result of the 'Vesting of an Award granted under the CRH plc Performance Share Plan.' This means that performance conditions associated with previously granted share awards were met, allowing the executives to acquire the shares.

These filings specifically indicate the 'acquisition' of shares due to the vesting of awards, and explicitly state 'Not applicable' for share disposals. This signifies that these are new shares being added to their holdings as part of their compensation, rather than them selling existing shares.

The price per share (€15.95 or €16.30) represents the value at which the performance share awards vested on March 30, 2009. This is typically determined by a formula or performance metric set at the time the award was granted, and it reflects the market value of CRH shares around that time.

Although the filing is in the Form 6-K format (Report of Foreign Issuer), it contains 'Notifications of Transactions of Directors, Persons Discharging Managerial Responsibility or Connected Persons'. Under SEC rules, significant transactions by company insiders, such as the acquisition of shares through compensation plans, must be disclosed to ensure transparency for investors. The 8-K is a general form for reporting material events, and these disclosures fall under that umbrella of timely material information.