8-K

CRH PUBLIC LTD CO 8-K Report (Mar 1, 2013)

Filed March 1, 2013For Securities:CRH

Summary

This 8-K filing from CRH Public Ltd Co. on March 1, 2013, primarily serves as a notification of transactions by Persons Discharging Managerial Responsibility (PDMRs) and persons closely associated with them, as required by Irish market regulations. The report details transactions involving ordinary shares of CRH plc, including acquisitions under employee share participation schemes and the exercise and sale of share options. Key individuals reporting transactions include Maeve Carton, Myles Lee, Albert Manifold, Neil Colgan, Jack Golden, and Henry Morris. These transactions reflect the active management of equity compensation plans and personal shareholdings by CRH's senior management. While these are routine disclosures, they offer insight into the company's executive compensation structure and the alignment of management interests with those of shareholders.

Key Highlights

  • 1Reporting of share transactions by multiple CRH Public Ltd Co. Persons Discharging Managerial Responsibility (PDMRs) and their associates.
  • 2Transactions include acquisitions of ordinary shares under employee share participation schemes.
  • 3Some PDMRs exercised share options and subsequently sold shares, indicating a cash realization component of their compensation.
  • 4Specific individuals reporting include Maeve Carton, Myles Lee, Albert Manifold, Neil Colgan, Jack Golden, and Henry Morris.
  • 5The reported transactions occurred on or around February 27, 2013.
  • 6The filing also includes disclosures related to the Irish Stock Exchange's Listing Rule 6.10, separate from Central Bank requirements.

Frequently Asked Questions

The primary purpose of this 8-K filing is to notify the U.S. Securities and Exchange Commission (SEC) and the public about significant transactions involving the securities of CRH Public Ltd Co. by its key executives (Persons Discharging Managerial Responsibility or PDMRs) and associated persons, as mandated by Irish regulatory requirements.

The report details several types of share transactions, including the acquisition of ordinary shares under employee share participation schemes at a price of €16.60 per share. Additionally, some executives exercised share options at prices around €11.86 and then sold these shares at prices around €16.55, indicating a typical compensation and realization cycle.

No, these transactions are routine disclosures of insider shareholdings and trades by management. Companies are required to report such activities to maintain transparency and comply with market abuse regulations. The nature of the transactions, particularly acquisitions under employee schemes and option exercises, suggests standard executive compensation practices rather than unusual insider activity.

The key individuals reporting transactions are Maeve Carton, Myles Lee, Albert Manifold, Neil Colgan, Jack Golden, and Henry Morris. These individuals hold positions within CRH that qualify them as Persons Discharging Managerial Responsibility (PDMRs).