8-K

CRH PUBLIC LTD CO 8-K Report (Apr 12, 2013)

Filed April 12, 2013For Securities:CRH

Summary

This 8-K filing from CRH Public Limited Company (CRH) on April 12, 2013, primarily serves as a notification of transactions involving individuals discharging managerial responsibilities (PDMRs) within the company. Specifically, it details the grant of share options and conditional awards of shares to several key executives, including Maeve Carton, Albert Manifold, Mark S. Towe, Neil Colgan, Erik Bax, Doug Black, Jack Golden, and Henry Morris. These grants were made on April 10, 2013, with specified exercise and vesting periods and an exercise price for the options. The report is a Foreign Private Issuer's Report (Form 6-K) filed pursuant to SEC rules and also includes information required by the Irish Stock Exchange Listing Rules. The transactions disclosed are related to the compensation structure and are intended to align executive interests with those of shareholders. Investors should note that these are grants of equity awards, not disposals of existing holdings, and are subject to specific terms and conditions, including future vesting and exercise periods.

Key Highlights

  • 1Notification of share option grants and conditional share awards to multiple CRH executives.
  • 2Grants were made on April 10, 2013, to individuals discharging managerial responsibilities (PDMRs).
  • 3Share options have an exercise price of €16.19 and are exercisable between April 10, 2016, and April 9, 2023.
  • 4Conditional share awards have varying vesting periods, generally between March 2016 and April 2017.
  • 5The grants were made at no cost to the recipients (total amount paid is Nil).
  • 6This filing is a Form 6-K, reporting on transactions related to the Irish Stock Exchange and the Central Bank of Ireland's Market Abuse Rules.
  • 7No shares were disposed of; these are new equity awards.

Frequently Asked Questions

This filing reports on the grant of share options and conditional awards of CRH ordinary shares to several individuals discharging managerial responsibilities (PDMRs) within the company. These are equity-based compensation awards.

The grants were made to several key executives, including Maeve Carton, Albert Manifold, Mark S. Towe, Neil Colgan, Erik Bax, Doug Black, Jack Golden, and Henry Morris.

The share options were granted on April 10, 2013, have an exercise price of €16.19 per share, and can be exercised between April 10, 2016, and April 9, 2023. The recipients paid nothing for these options.

The conditional share awards also have a grant date of April 10, 2013, with vesting periods generally falling between March 2016 and April 2017. The filing indicates these are awards, not options with a fixed exercise price, and recipients paid nothing for them.