8-K

CRH PUBLIC LTD CO 8-K Report (Mar 7, 2019)

Filed March 7, 2019For Securities:CRH

Summary

This 8-K filing from CRH Public Limited Company (CRH) reports on transactions involving the company's ordinary shares by individuals discharging managerial responsibilities (PDMRs). The primary purpose of the filing is to disclose share acquisitions and sales, as well as the granting of awards under various employee share plans. These transactions provide insight into the compensation structures and potential insider sentiment regarding the company's stock. Key transactions include share purchases and sales by a Non-Executive Director, the Chief Executive, the Finance Director, and the Company Secretary. Notably, several PDMRs received deferred share awards and acquired shares under employee participation schemes, while some also divested a portion of their holdings. The reported share prices suggest ongoing market activity and employee engagement with the company's equity.

Key Highlights

  • 1Disclosure of share transactions by CRH's Non-Executive Director, Richard Boucher, including the sale of 1,790 shares and the purchase of 7,050 shares at prices around €27.92-€27.94 on March 6, 2019.
  • 2The Chief Executive, Albert Manifold, engaged in multiple transactions on March 5, 2019, including a Deferred Share Award, acquisition under an employee share scheme, release of a Deferred Share Award, vesting of a Performance Share Plan award, and the sale of 100,000 shares at €28.13.
  • 3Finance Director Senan Murphy received a 2019 Deferred Share Award and acquired shares under an employee participation scheme on March 5, 2019.
  • 4Company Secretary Neil Colgan acquired shares under an employee scheme on March 5, 2019, and transferred shares to his spouse on March 7, 2019.
  • 5The transactions involve CRH ordinary shares with ISIN IE0001827041.
  • 6Deferred share awards were granted based on the three-month average share price to December 31, 2018, with specific award prices noted for some transactions.

Frequently Asked Questions

This 8-K filing is primarily to report transactions of CRH's ordinary shares by persons discharging managerial responsibilities (PDMRs) and their closely associated persons. This includes acquisitions, sales, and awards of company shares as required by market abuse regulations.

The filing reports several types of transactions, including: sales of shares, purchases of shares, 2019 Deferred Share Awards, acquisitions under employee share participation schemes, release of deferred share awards, and vesting of performance share plan awards.

The reported share prices vary slightly across the transactions. For instance, purchases and sales by Richard Boucher occurred around €27.92-€27.94. Albert Manifold sold shares at €28.13, while share awards and acquisitions under employee schemes were priced at €24.90 or €28.19.

These are forms of long-term incentive compensation granted to key executives. The Deferred Share Awards are conditional awards of shares that vest over time or upon meeting certain conditions, often linked to the company's share price performance. The Performance Share Plan Awards are similar but are typically contingent on achieving specific company performance metrics.