8-K

CRH PUBLIC LTD CO 8-K Report (May 6, 2022)

Filed May 6, 2022For Securities:CRH

Summary

This SEC filing (Form 6-K) from CRH Public Limited Company (CRH) reports on transactions by Persons Discharging Managerial Responsibilities (PDMRs) and persons closely associated with them, as required by EU Market Abuse Regulation. The key information for investors is the grant of awards made under the CRH plc 2014 Performance Share Plan to several senior executives, including the Chief Executive, Finance Director, and Company Secretary. These awards, granted on May 3, 2022, represent a form of executive compensation tied to the company's performance. While the grants themselves are not cash transactions, they reflect management's ongoing commitment and alignment with shareholder interests through equity participation. Investors should note the number of ordinary shares awarded to each executive, as these represent potential future dilution or share acquisition.

Key Highlights

  • 1The filing is a report of foreign private issuer (Form 6-K) related to Director/PDMR Shareholding.
  • 2It discloses transactions by Persons Discharging Managerial Responsibilities (PDMRs) and closely associated persons.
  • 3Key executives, including the Chief Executive (Albert Manifold), Finance Director (Jim Mintern), and Company Secretary (Neil Colgan), received share awards.
  • 4These awards were granted under the CRH plc 2014 Performance Share Plan on May 3, 2022.
  • 5Albert Manifold received an award of 158,310 ordinary shares.
  • 6Jim Mintern received an award of 56,528 ordinary shares.
  • 7Neil Colgan received an award of 11,240 ordinary shares.

Frequently Asked Questions

This Form 6-K filing is primarily to disclose transactions in CRH plc's ordinary shares made by senior management (Persons Discharging Managerial Responsibilities - PDMRs) and persons closely associated with them, in accordance with the EU Market Abuse Regulation.

The transactions disclosed are the 'Grant of an award' of ordinary shares made to senior executives under the CRH plc 2014 Performance Share Plan.

No, these are not open market purchases or sales. They are grants of awards made under an equity incentive plan, which signifies potential future share ownership based on performance or service conditions, rather than an immediate acquisition or disposition of shares.

These awards align executive compensation with the company's performance and long-term value creation. For investors, it indicates that key management is incentivized to grow shareholder value, though the awards themselves represent a potential future increase in the number of outstanding shares.