8-K

CRH PUBLIC LTD CO 8-K Report (Apr 14, 2015)

Filed April 14, 2015For Securities:CRH

Summary

This Form 6-K filing by CRH Public Limited Company (CRH) on April 13, 2015, reports on transactions involving individuals discharging managerial responsibilities (PDMRs) and their associated persons. Specifically, it details the conditional award of shares to key executives, including Maeve Carton, Albert Manifold, Mark S. Towe, and Neil Colgan. These awards are part of CRH's 2014 Performance Share Plan, with vesting periods typically extending to five years from the grant date, subject to performance criteria. This type of compensation aligns executive interests with long-term shareholder value creation and reflects standard corporate governance practices for incentivizing senior management. Investors should note that these are awards, not immediate disposals or acquisitions of stock on the open market.

Key Highlights

  • 1Filing reports on conditional share awards granted to CRH's Persons Discharging Managerial Responsibility (PDMRs).
  • 2Key executives receiving awards include Maeve Carton, Albert Manifold, Mark S. Towe, and Neil Colgan.
  • 3The awards are made under the CRH 2014 Performance Share Plan.
  • 4Vesting for these conditional awards is generally tied to a five-year period from the grant date.
  • 5Awards are subject to the satisfaction of applicable performance criteria.
  • 6The transaction does not involve the immediate acquisition or disposal of shares on the market, but rather a conditional grant.
  • 7Dividend equivalents may accrue on awards and be released as additional shares upon vesting.

Frequently Asked Questions

The filing reports on conditional awards of CRH ordinary shares granted to Persons Discharging Managerial Responsibility (PDMRs) as part of their executive compensation under the 2014 Performance Share Plan. These are not open market purchases or sales.

The individuals receiving conditional share awards include Maeve Carton, Albert Manifold, Mark S. Towe, and Neil Colgan, all of whom are identified as Persons Discharging Managerial Responsibility (PDMRs) within CRH.

The awards are conditional and subject to vesting. Generally, the portion of the award subject to performance metrics will vest on the first day immediately following the fifth anniversary of the grant date (April 10, 2015). For Neil Colgan, a portion not subject to performance conditions will vest after three years.

These conditional share awards are a form of long-term incentive compensation designed to align the interests of senior management with those of shareholders. The vesting periods and performance conditions indicate a focus on sustained company performance and value creation over time. It shows that the company is committed to retaining and motivating its key executives.