Summary
This Form 6-K filing by CRH Public Limited Company (CRH) on October 21, 2009, primarily concerns a notification of a transaction by a Director/PDMR (Person Discharging Managerial Responsibility). Specifically, it details share transactions undertaken by Jack Golden, a director of the company. The filing indicates that Mr. Golden exercised share options and subsequently sold a portion of his shares. While the individual transactions are relatively small in number and percentage of the total issued class, they represent a change in the director's direct holdings and provide insight into insider activity within the company at that time.
Key Highlights
- 1Notification concerns shareholding changes by CRH Director/PDMR, Jack Golden.
- 2Jack Golden exercised 6,087 ordinary shares.
- 3Jack Golden sold 5,000 ordinary shares.
- 4The exercise price for the option was €15.5646 per share.
- 5The sale price for the disposed shares was €20.28 per share.
- 6Following these transactions, Jack Golden's total holding is 35,112 ordinary shares, representing 0.00506% of the issued class.
- 7The transactions occurred on October 15, 2009, and were notified to the issuer on the same day.
Frequently Asked Questions
The primary purpose of this Form 6-K filing was to notify the SEC and investors about a transaction involving a director or person discharging managerial responsibilities (PDMR) at CRH. Specifically, it reports changes in the shareholding of Jack Golden.
Jack Golden both exercised share options (effectively acquiring shares) and sold shares. He acquired 6,087 shares through option exercise and sold 5,000 shares.
The difference indicates a profit for Mr. Golden. He acquired shares at €15.5646 each and sold them at a higher price of €20.28 each, realizing a gain on the portion of shares sold after exercising the option. This type of insider transaction can sometimes be viewed by investors as a signal of the insider's confidence or lack thereof, depending on the context of the sale.
No, the number of shares acquired (6,087) and disposed (5,000) represent very small percentages (0.000877% and 0.000720% respectively) of the issued class of ordinary shares. Mr. Golden's resulting total holding of 35,112 shares is also a minor fraction (0.00506%) of the total issued shares. Therefore, these individual transactions are not considered a significant change to the company's overall share structure.