8-K

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

Filed August 27, 2009For Securities:CRH

Summary

This Form 6-K filing by CRH Public Limited Company (CRH) reports on transactions involving the exercise of share options and subsequent sale of shares by two individuals with managerial responsibilities: Glenn A. Culpepper and Albert Manifold. These transactions, executed on August 26, 2009, involved the acquisition of CRH ordinary shares through option exercises and the disposal of a portion of those shares. The filings detail the number of shares acquired and disposed of, along with the prices at which these transactions occurred, and provide updated total shareholdings for each individual post-transaction. This information is primarily focused on insider trading disclosures and adherence to market abuse rules, offering insight into executive compensation and share ownership adjustments.

Key Highlights

  • 1Disclosure of share option exercises and subsequent share sales by two CRH executives: Glenn A. Culpepper and Albert Manifold.
  • 2Transactions occurred on August 26, 2009.
  • 3Glenn A. Culpepper exercised options and sold shares, resulting in a net change in his holding.
  • 4Albert Manifold also exercised options and sold shares, leading to an adjustment in his total shareholding.
  • 5The filings specify the number of shares acquired (via option exercise) and disposed of (via sale) for each individual.
  • 6Transaction prices for option exercise and share sale are provided in Euros (€).
  • 7Updated total shareholdings and percentage of issued shares for each executive are reported post-transaction.

Frequently Asked Questions

CRH is reporting transactions involving the exercise of share options and the subsequent sale of ordinary shares by two persons discharging managerial responsibilities: Glenn A. Culpepper and Albert Manifold. These events took place on August 26, 2009.

The filing indicates the exercise of share options, which is a common way for executives to acquire company stock, often at a predetermined price. The subsequent sale of shares could be for various reasons, such as diversification, personal financial needs, or to realize gains from the option exercise. The filing itself does not explicitly state the executives' motivations.

Glenn A. Culpepper exercised options to acquire 36,524 shares and sold 34,000 shares, leaving him with a total holding of 32,180 ordinary shares. Albert Manifold exercised options for 18,262 shares and sold 22,462 shares, resulting in a total holding of 11,688 ordinary shares. Both transactions resulted in a net decrease in their total share count.

The percentage of issued shares involved in these transactions by each executive is very small (0.005273% acquired and 0.004908% disposed for Mr. Culpepper; 0.002636% acquired and 0.003242% disposed for Mr. Manifold). Their total holdings post-transaction represent a minimal fraction of CRH's issued share capital. Therefore, these specific transactions are not considered significant in terms of impacting the company's overall share structure or market capitalization, but rather serve as required disclosures for insider trading.