8-K

CRH PUBLIC LTD CO 8-K Report (May 17, 2016)

Filed May 17, 2016For Securities:CRH

Summary

This 8-K filing from CRH Public Limited Company (CRH) on May 17, 2016, primarily details a notification of a transaction by a Person Discharging Managerial Responsibility (PDMR) and a person closely associated with them. Specifically, it reports on a dividend re-investment transaction involving Donald A. McGovern, Jr., a PDMR. Investors can note that Mr. McGovern reinvested a dividend into CRH Ordinary Shares, acquired as ADRs, through a purchase of 909 shares at a price of $29.23 per share. While the transaction itself is a routine event for many executives, the filing provides transparency into insider activity. The total holding of Mr. McGovern, following this reinvestment, stands at 5,345 ADRs, representing a very small percentage of the issued class. This disclosure aligns with regulatory requirements to inform the market about significant transactions by individuals with access to non-public information. The filing also includes information required by the Irish Stock Exchange Listing Rule 6.10 concerning directors' and secretaries' interests in securities.

Key Highlights

  • 1Notification of a transaction by Donald A. McGovern, Jr., a Person Discharging Managerial Responsibility (PDMR).
  • 2The transaction involved the reinvestment of a dividend into CRH Ordinary Shares, held as ADRs.
  • 3909 Ordinary Shares (held as ADRs) were acquired through the dividend reinvestment.
  • 4The acquisition price per share (ADR) was $29.23.
  • 5The transaction took place on May 13, 2016, in New York.
  • 6Following the transaction, Mr. McGovern's total holding is 5,345 ADRs.
  • 7The filing includes disclosures required by the Irish Stock Exchange Listing Rule 6.10.

Frequently Asked Questions

The transaction is a reinvestment of a dividend into CRH Ordinary Shares, which are held as American Depositary Receipts (ADRs). Mr. McGovern acquired 909 ADRs through this reinvestment.

Mr. McGovern acquired 909 shares at a price of $29.23 per share, for a total transaction value of approximately $26,619.27 (909 shares * $29.23/share).

After the dividend reinvestment, Donald A. McGovern, Jr. holds a total of 5,345 CRH Ordinary Shares as ADRs.

This filing represents a routine dividend reinvestment by an executive. The number of shares acquired is relatively small in the context of his total holding and the overall issued shares of the company, and does not signal any significant change in insider ownership or indicate any immediate concerns.