8-K

CRH PUBLIC LTD CO 8-K Report (Apr 12, 2010)

Filed April 12, 2010For Securities:CRH

Summary

This SEC Form 6-K filing by CRH Public Limited Company (CRH) on April 12, 2010, primarily concerns notifications of transactions by directors and persons discharging managerial responsibilities (PDMRs) related to the company's shares. Several key executives, including Glenn A. Culpepper, Myles Lee, Albert Manifold, William I. O’Mahony, Mark S. Towe, Neil Colgan, Doug Black, Jack Golden, Henry Morris, and William J. Sandbrook, are listed as having been awarded options or shares under the CRH 2006 Performance Share Plan. These awards were granted on April 7, 2010, with exercise periods between March 2013 and April 2014, and were granted at no cost. Furthermore, the filing details specific transactions for William I. O’Mahony and Doug Black. William I. O’Mahony exercised share options on April 7, 2010, at an exercise price of €15.5646 per share, and subsequently sold the same number of shares (182,619) at €18.53 per share, resulting in a net gain. Doug Black also exercised options and sold a portion of his shares on the same date, at similar prices. These transactions indicate the exercise and immediate sale of awarded shares by some key personnel, likely to realize gains or manage personal holdings.

Key Highlights

  • 1Multiple CRH executives and PDMRs received share awards under the CRH 2006 Performance Share Plan on April 7, 2010.
  • 2These share awards have an exercise period spanning from March 2013 to April 2014.
  • 3The share awards were granted at no cost to the recipients.
  • 4William I. O’Mahony exercised share options and subsequently sold the same number of ordinary shares on April 7, 2010.
  • 5Doug Black also exercised share options and sold a portion of his shares on April 7, 2010.
  • 6The transactions by O'Mahony and Black suggest a pattern of exercising options and selling shares shortly thereafter, potentially to capture the difference between the exercise price and market price.

Frequently Asked Questions

This filing is primarily a report of foreign private issuer (Form 6-K) that includes notifications of transactions by directors and persons discharging managerial responsibilities (PDMRs) regarding their holdings of CRH plc ordinary shares. It details share awards and some option exercises and sales.

Several individuals, including Glenn A. Culpepper, Myles Lee, Albert Manifold, William I. O’Mahony, Mark S. Towe, Neil Colgan, Doug Black, Jack Golden, Henry Morris, and William J. Sandbrook, were awarded ordinary shares or options under the CRH 2006 Performance Share Plan on April 7, 2010.

The awards were granted at no cost ('Nil') and have a potential exercise period between March 2013 and April 2014. The number of shares involved varies for each individual, ranging from a few thousand up to tens of thousands.

Yes, William I. O’Mahony exercised options and sold 182,619 ordinary shares at €18.53 each on April 7, 2010. Doug Black also exercised options and sold 2,610 ordinary shares at €18.51 each on the same date. These sales occurred on the same day the options were exercised, suggesting a strategy to capitalize on the award.