8-K

CRH PUBLIC LTD CO 8-K Report (Sep 26, 2017)

Filed September 26, 2017For Securities:CRH

Summary

This 8-K filing from CRH Public Limited Company (CRH) reports a transaction involving its Chief Executive, Albert Manifold. On September 22, 2017, Mr. Manifold exercised options under CRH's Savings-related Share Option Scheme to acquire 2,236 ordinary shares at a price of €13.64 per share. This action represents a routine exercise of employee stock options rather than a sale or purchase of shares on the open market, and it was conducted in Dublin, Ireland. For investors, this filing primarily provides transparency regarding executive compensation and equity participation. The exercise of options indicates the Chief Executive's continued commitment and investment in the company's stock, aligning his interests with those of other shareholders. The price at which the options were exercised (€13.64) could be a point of reference for understanding executive compensation benchmarks within the company, although the filing does not provide context on the prevailing market price at the time of exercise.

Key Highlights

  • 1CRH Chief Executive Albert Manifold exercised options under the company's Savings-related Share Option Scheme.
  • 2The transaction involved the acquisition of 2,236 ordinary shares.
  • 3The exercise price for these shares was €13.64 per share.
  • 4The transaction date was September 22, 2017.
  • 5The transaction took place in Dublin, Ireland.
  • 6This filing is an initial notification of a Director/PDMR (Person Discharging Managerial Responsibilities) shareholding event.

Frequently Asked Questions

The transaction was the exercise of stock options by CRH's Chief Executive, Albert Manifold, under the company's Savings-related Share Option Scheme. This means he purchased company shares at a predetermined price.

Albert Manifold exercised options to acquire 2,236 ordinary shares of CRH plc at a price of €13.64 per share.

This filing (Form 6-K) is required for foreign private issuers to report significant information to the U.S. Securities and Exchange Commission, particularly regarding transactions by directors and senior management (Persons Discharging Managerial Responsibilities) to ensure transparency for investors.

No, this filing specifically details the exercise of options granted under an employee share scheme, not a purchase or sale of shares on the open stock market.