Summary
This 8-K filing from CRH Public Limited Company details several transactions involving the company's ordinary shares by individuals discharging managerial responsibilities (PDMRs). Specifically, Albert Manifold (Chief Executive), Senan Murphy (Finance Director), and Neil Colgan (Company Secretary) engaged in various share-related activities, including deferred share awards, acquisitions under employee schemes, and the release/sale of shares. These disclosures are mandated by the EU's Market Abuse Regulation, providing transparency on insider transactions.
Key Highlights
- 1Albert Manifold, CRH's Chief Executive, received a deferred share award of 25,619 ordinary shares at a price of €30.42, acquired 466 shares under an employee scheme at €27.24, and released 26,714 shares from a 2015 award, selling them at €27.11 on March 8, 2017.
- 2Senan Murphy, CRH's Finance Director, received a deferred share award of 8,352 ordinary shares at a price of €30.42 and acquired 466 shares under an employee scheme at €27.24, both on March 5, 2018.
- 3Neil Colgan, CRH's Company Secretary, acquired 466 shares under an employee share participation scheme at €27.24 on March 5, 2018, and transferred 509 shares to his spouse on March 7, 2018.
- 4The deferred share awards mentioned for Manifold and Murphy were conditional, based on the three-month average share price to December 31, 2017, as per the 2014 Deferred Share Bonus Plan.
- 5All reported transactions took place in Dublin, Ireland.
- 6The filing is a Form 6-K, reporting on the disclosure of transactions by PDMRs and persons closely associated with them, under Article 19 of the EU Market Abuse Regulation.
Frequently Asked Questions
The main purpose of this 8-K filing is to report transactions involving CRH's ordinary shares by its Persons Discharging Managerial Responsibilities (PDMRs), as required by the EU Market Abuse Regulation. It provides transparency to investors about insider dealings.
The executives engaged in several types of transactions, including receiving deferred share awards, acquiring shares under employee share participation schemes, releasing previously awarded shares, and selling shares. One transaction also involved transferring shares to a spouse.
The deferred share awards for Albert Manifold and Senan Murphy were priced at €30.42 per share. This price was determined based on the three-month average share price leading up to December 31, 2017, in accordance with the company's Deferred Share Bonus Plan.
These filings primarily represent disclosures of routine share-based compensation and related transactions, such as the exercise of awards and participation in employee schemes. While sales can sometimes signal a change in outlook, without further context, it's best to view these as part of the established compensation structure rather than direct indicators of market sentiment.