Freightos amends RSU grant for board chairman
Freightos Limited updated the equity compensation for its independent Chairman, Dr. Udo Lange.
Rhea-AI Filing Summary
Freightos Limited updated the equity compensation for its independent Chairman, Dr. Udo Lange. The Board replaced a variable RSU structure, which depended on the future trading price of the company’s ordinary shares, with a fixed grant of 121,952 restricted share units.
These 121,952 RSUs will vest and settle for 121,952 ordinary shares in four equal annual installments of 30,488 shares on each anniversary of the original July 28, 2025 grant date, increasing the initial July 28, 2026 settlement from 24,390 to 30,488 shares. The previously granted options to purchase 300,000 ordinary shares remain unchanged. This Form 6-K is incorporated by reference into the company’s existing Form S-8 and Form F-3 registration statements.
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Key Figures
Chairman stock options: 300,000 options
Initial RSU grant value: $300,000
Original first RSU tranche: 24,390 RSUs
+5 more
8 metrics
Chairman stock options
300,000 options
One-time grant upon appointment as Chairman on July 28, 2025
Initial RSU grant value
$300,000
Approximate value of original RSU grant upon appointment
Original first RSU tranche
24,390 RSUs
Originally scheduled to settle on July 28, 2026
Quarterly RSU value basis
$15,000
Original formula per quarter over four years after initial settlement
Minimum RSU price
$2.46 per RSU
Floor price in original RSU value-per-unit calculation
Amended total RSUs
121,952 RSUs
Fixed RSU amount replacing variable structure
Annual RSU installment
30,488 shares
Each of four equal annual vesting installments
Vesting period
4 years
Annual vesting on the first four anniversaries of July 28, 2025
Key Terms
restricted share units, Form 6-K, Form S-8, Form F-3, +1 more
5 terms
Form 6-K regulatory
"As described in the Company’s Report of Foreign Private Issuer on Form 6-K furnished to the SEC on August 4, 2025"
A Form 6-K is a report that companies listed in certain countries file to provide important updates, such as financial results, corporate changes, or other significant information, to regulators and investors. It functions like an official company update or news release, helping investors stay informed about developments that could affect their investment decisions.
Form S-8 regulatory
"incorporated by reference into the Company’s registration statements on Form S-8 (File No. 333-270303)"
A Form S-8 is a U.S. Securities and Exchange Commission registration that lets a public company set aside shares for employee benefit plans and stock-based compensation. Think of it as opening a dedicated account that authorizes the company to issue or reserve stock for workers and directors; it matters to investors because it enables share dilution when those awards are granted or exercised and signals how management is compensated and incentivized.
Form F-3 regulatory
"and Form F-3 (File No. 333-280302), to be a part thereof from the date on which this report is submitted"
Form F-3 is a U.S. securities filing that lets eligible foreign companies pre-register and then quickly sell shares or other securities to raise money, because they already meet ongoing reporting and size tests. For investors it signals that the company is up-to-date with regulatory disclosure and has an efficient way to issue new securities — similar to a pre-approved credit line — which can mean faster capital raises but also potential dilution of existing holdings.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What change did Freightos (CRGO) make to its chairman’s equity compensation?
Freightos changed Dr. Udo Lange’s RSU award from a price-based, variable grant to a fixed grant of 121,952 RSUs. These units now vest in equal annual installments over four years from the original July 28, 2025 grant date.
How will Dr. Udo Lange’s RSUs vest under the new terms at Freightos (CRGO)?
Under the new terms, Dr. Lange’s 121,952 RSUs vest and settle in four equal annual installments of 30,488 ordinary shares each. Vesting occurs on the first four anniversaries of the original July 28, 2025 grant date.
How did the initial RSU settlement for Freightos (CRGO) chairman change?
The first settlement on July 28, 2026 increases from 24,390 ordinary shares to 30,488 ordinary shares. This reflects the shift from a variable, price-based RSU formula to a fixed total of 121,952 RSUs granted to Dr. Lange.
Were Dr. Udo Lange’s stock options at Freightos (CRGO) affected by this amendment?
No, the one-time options award granted to Dr. Lange, covering 300,000 ordinary shares, remains unchanged. Only the structure and amount of his restricted share units (RSUs) were amended by the Board’s April 28, 2026 decision.
How were Freightos (CRGO) chairman’s RSUs originally structured before the amendment?
Originally, RSUs included a first tranche of 24,390 units, then additional quarterly settlements over four years. Quarterly amounts equaled $15,000 divided by the 30-day average share price, with a minimum price of $2.46 per RSU.
Into which registration statements is this Freightos (CRGO) Form 6-K incorporated?
This Form 6-K is incorporated by reference into Freightos’ registration statements on Form S-8 (File No. 333-270303) and Form F-3 (File No. 333-280302), making the updated compensation terms part of those filings from the submission date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
