CRH handed its chief executive Liam O’Mahony a staggering €6.5m shares and stock options package last week, shattering Irish pay records in the process. O’Mahony, who is trying to seal CRH’s biggest ever deal by landing the EUR1.5bn US firm Ashland Paving this week, was awarded 200,000 options with an exercise price of EUR24.83. The grant under the 2000 share options scheme is exercisable from June 2009. After two days O’Mahony was EUR14,000 ahead on the award.
Previous handouts have given O’Mahony over 1.2m stock options in the cement firm, which are valued at about EUR30.2m. The career CRH executive was also awarded 60,000 shares worth a cool EUR1.49m under a new performance bonus scheme. The shares kick in from March 2009.