Report on Directors’ Remuneration  | continued Performance Share Plan (PSP) Metrics (iv) Share Plans  Long-term incentive plans involving conditional  awards of shares and share options are a common  part of executive remuneration packages,  motivating high performance and aligning the  interests of executives and shareholders. The Performance Share Plan (PSP), which was  approved by shareholders in May 2006, is tied to  Total Shareholder Return (TSR). The structure of  the PSP is as follows:  2006 Performance Share Plan – Awards are made in the form of conditional  shares; – Half of the award is assessed against TSR for a  group of global building materials companies  and the other half against TSR for the  constituents of the Eurofirst 300 Index; – The vesting period is 3 years; vesting only  occurs once an initial TSR performance target  has been reached and, thereafter, is dependant  on performance; – The maximum award under the PSP is 150% of  basic salary per annum; – Participants are not entitled to any dividends (or  other distributions made) and have no right to  vote in respect of the shares subject to the  award, until such time as the shares vest. The Scheme currently has approximately 160  active participants. The performance criteria for the Performance Share  Plan are set out in the upper table. Details of awards  to Directors under the Plan are provided on page  65. In 2012, awards made to Directors ranged  between 125% and 140% of basic salary. Awards  levels for 2013 are expected to be broadly similar. The rules of the Performance Share Plan provide  that no award, or portion of an award, which has  satisfied the TSR performance criteria should be  released unless the  Remuneration Committee  has  confirmed the validity of the TSR performance and  reviewed EPS performance to assess its  consistency with the objectives of the assessment. During 2012, the  Remuneration Committee determined that 16.6% of the award made under  the Performance Share Plan in 2009 had vested.  The Company’s TSR performance, which was  verified by the  Remuneration Committee’s remuneration consultants, was between the 50 $^{th}$  and the 75 $^{th}$ percentiles referred to above when  assessed against the building materials sector (as  set out in the two centre tables above), while TSR  performance was below the median in relation to  the Eurofirst 300 Index. Prior to making its vesting  determination in each case, the  Remuneration  Committee  satisfied itself that the TSR outcome  was valid and had not been significantly affected by  unusual events or extraneous factors.  In February 2013, the  Remuneration Committee  determined that the award made under the  Performance Share Plan in 2010 had lapsed as,  over the three-year period 2010 - 2012, CRH’s  TSR performance was below the median of both  the peer group and the Eurofirst 300 Index. The above peer Group applies for the awards made in 2010 to 2012 inclusive and will apply for the award made in 2013. *  The methodology for calculating TSR assumes all dividends are reinvested on the ex-dividend date at the closing  share price on that day; the open and close price is based on the closing price on the last day before the start of  the performance period and the final day of the performance period respectively. 3-year TSR *  performance compared to peer group/ Eurofirst 300 Index Vesting level Equal to or greater than 75 $^{th}$ percentile  100% Between 50 $^{th}$ and 75$^{th}$ percentile Straight line between 30% and 100% Equal to 50 $^{th}$ percentile 30% Below 50 $^{th}$ percentile 0% Peer Group Test (below): Eurofirst 300 Index Test: Total Vested/Lapsed in 2012:  TSR performance 2009-2011: Between 50 $^{th}$ & 75$^{th}$ Percentile TSR performance 2009-2011: Below Median – 16.6% vested  – 0% vested  Vested: 16.6% – 33.4% lapsed – 50% lapsed Lapsed: 83.4% TSR Performance Tests for PSP Award which Vested in 2012 Peer group used to assess TSR performance for PSP Award which Vested in 2012 Historic Vesting of PSP Awards 2006 award; vested/lapsed in 2009 75.0% 25.0% 2007 award; vested/lapsed in 2010 50.0% 50.0% 2008 award; vested/lapsed in 2011 46.2% 53.8% 2009 award; vested/lapsed in 2012 16.6% 83.4% 2010 award; vested/lapsed in 2013 100% Average vested/lapsed 37.6% 62.4% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Vested Lapsed Boral Home Depot  Titan Cement Buzzi Unicem  Italcementi  Travis Perkins Cemex Kingspan Group Vulcan Materials Grafton Group  Lafarge Weinerberger Heidelberg Cement  Martin Marietta Materials  Wolseley Holcim Saint Gobain CRH 59