Summary
This SEC Form 6-K filing by CRH Public Limited Company (CRH) reports a transaction by a Person Discharging Managerial Responsibilities (PDMR). Specifically, Lamar McKay, a Non-executive Director of CRH plc, purchased American Depositary Receipts (ADRs) on December 17, 2020. This transaction provides insight into the confidence a key executive has in the company's performance and prospects. The purchase involved 4,000 ADRs at a price of US$41.40 per ADR, executed in New York. This disclosure is made in accordance with Article 19 of Regulation (EU) No 596/2014 on market abuse, requiring transparency regarding insider dealings.
Key Highlights
- 1Non-executive Director Lamar McKay purchased 4,000 CRH ADRs.
- 2The transaction occurred on December 17, 2020.
- 3The purchase price was US$41.40 per ADR.
- 4The transaction took place in New York.
- 5This filing is a mandatory disclosure under European market abuse regulations (MAR).
- 6Each ADR represents one Ordinary Share of €0.32 each.
Frequently Asked Questions
This was a purchase of American Depositary Receipts (ADRs) by a Non-executive Director of CRH.
This transaction is being reported to comply with Article 19 of Regulation (EU) No 596/2014 (Market Abuse Regulation), which requires disclosure of transactions by Persons Discharging Managerial Responsibilities (PDMRs) and persons closely associated with them.
A director's purchase of company shares can be interpreted as a sign of confidence in the company's future performance and value, potentially signaling positive sentiment to other investors.
An American Depositary Receipt (ADR) is a negotiable certificate issued by a U.S. depositary bank to represent a specified number of ordinary shares of a foreign company's stock. In this case, each CRH ADR represents one Ordinary Share of €0.32 each.