8-K

CRH PUBLIC LTD CO 8-K Report (May 15, 2015)

Filed May 15, 2015For Securities:CRH

Summary

This 8-K filing by CRH Public Ltd Co. (CRH) on May 14, 2015, primarily reports on transactions involving the acquisition of CRH ordinary shares by several Persons Discharging Managerial Responsibility (PDMRs) and their closely associated persons. These transactions occurred on May 12, 2015, and include the receipt of scrip dividends and conditional share awards under the 2014 Deferred Share Bonus Plan. The filings detail the number of shares acquired, the transaction price (where applicable, noted at €24.60 for scrip dividends), and the resulting changes in shareholdings for individuals like Maeve Carton, Albert Manifold, Mark Towe, Nicholas Hartery, Heather Ann McSharry, Henk Th. Rottinghuis, and Neil Colgan (and his spouse). These are standard disclosures related to executive compensation and employee incentive programs, providing transparency on insider share ownership. No significant strategic or financial events outside of these share transactions are highlighted in this specific filing.

Key Highlights

  • 1Disclosure of share transactions by multiple Persons Discharging Managerial Responsibility (PDMRs) and one associated person (spouse of Neil Colgan).
  • 2Transactions include the receipt of scrip dividends and conditional share awards under CRH's 2014 Deferred Share Bonus Plan.
  • 3The scrip dividend price was €24.60 per ordinary share.
  • 4Share awards granted are conditional and deferred for three years, with the exercise price to be determined at the time of exercise.
  • 5These filings detail the acquisition of CRH ordinary shares by individuals such as Maeve Carton, Albert Manifold, Mark Towe, Nicholas Hartery, Heather Ann McSharry, and Henk Th. Rottinghuis.
  • 6The filings provide updated total shareholdings for these individuals following the transactions.

Frequently Asked Questions

The report details two primary types of share transactions: scrip dividends, where shareholders receive additional shares instead of cash dividends, and conditional share awards granted under the company's 2014 Deferred Share Bonus Plan. These awards are subject to specific performance or service conditions and are deferred for a period.

The PDMRs named in these filings are Maeve Carton, Albert Manifold, Mark Towe, Nicholas Hartery, Heather Ann McSharry, Henk Th. Rottinghuis, and Neil Colgan. The filing also includes a transaction for Neil Colgan's spouse.

The €24.60 price represents the value used for the scrip dividend, effectively the price at which new shares were issued to the shareholders in lieu of a cash dividend payment on that date.

No, the conditional share awards are deferred for three years from the grant date (May 12, 2015). Additionally, the exercise price, if applicable, is not fixed at the time of the grant and will be determined later.