8-K

CRH PUBLIC LTD CO 8-K Report (Apr 9, 2018)

Filed April 9, 2018For Securities:CRH

Summary

This 8-K filing by CRH Public Limited Company (CRH) reports on transactions involving persons discharging managerial responsibilities (PDMRs) and persons closely associated with them. Specifically, it details share option transactions for Albert Manifold, Chief Executive of CRH plc, and Neil Colgan, Company Secretary of CRH plc. These transactions, which occurred on April 5, 2018, involved the lapse of options granted in 2017 under a savings-related share option scheme and the subsequent grant of new options under the same scheme.

Key Highlights

  • 1Notification of share option transactions by CRH's Chief Executive, Albert Manifold, and Company Secretary, Neil Colgan.
  • 2Transactions occurred on April 5, 2018, and were filed on April 8, 2018 (effective April 6, 2018).
  • 3The transactions involved the lapse of previously granted options and the grant of new options under a savings-related share option scheme.
  • 4Albert Manifold saw 1,085 options lapse at €27.86 each and was granted 1,293 options at €23.39 each.
  • 5Neil Colgan saw 646 options lapse at €27.86 each and was granted 1,293 options at €23.39 each.
  • 6These are standard disclosures required under the EU's Market Abuse Regulation (MAR) for PDMRs.
  • 7The options are related to CRH plc's ordinary shares (ISIN: IE0001827041).

Frequently Asked Questions

The filing reports on the lapse of share options granted in 2017 and the simultaneous grant of new share options to two key executives, Albert Manifold (Chief Executive) and Neil Colgan (Company Secretary), under CRH's savings-related share option scheme.

The individuals involved are Albert Manifold, the Chief Executive of CRH plc, and Neil Colgan, the Company Secretary of CRH plc.

These transactions represent routine adjustments to executive compensation and long-term incentives. The lapse of older options and the grant of new ones are typical for incentive schemes and reflect ongoing engagement with the company's share performance. For investors, it signifies that key management is participating in equity-based plans.

CRH is filing a Form 6-K because it is a foreign private issuer required to report certain information to the SEC. This specific report is an enclosure detailing 'Director/PDMR Shareholding' transactions, which are mandatory disclosures under European market abuse regulations (Regulation (EU) No 596/2014) when persons in managerial roles conduct transactions with their company's securities.