Criteo S.A. (CRTO) director reports 12,471-share issuer transfer and matching grant
Rhea-AI Filing Summary
Criteo S.A. director Ernst Teunissen reported a same-day disposition to the issuer and compensatory acquisition of 12,471 Ordinary Shares on July 29, 2026, both at a stated price of 0.0000 per share. These entries relate to Criteo’s conversion from a French to a Luxembourg public limited liability company, in which each Ordinary Share and ADS continued as one Ordinary Share and existing equity awards continued on equivalent terms. A footnote also corrects his previously reported beneficial holdings upward by 3 shares due to a rounding error. The Rule 10b5-1 trading-plan checkbox was not marked.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
TEUNISSEN ERNST 02494
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Ordinary Shares F1, F2 | 12,471 | $0.00 | $0.00 |
| Grant/Award | Ordinary Shares F2, F3, F4 | 12,471 | $0.00 | $0.00 |
Holdings After Transaction:
Ordinary Shares — 12,471 shares (Direct)
Footnotes (4)
- F1. Prior to the completion of the Conversion (as defined below), the Ordinary Shares may have been represented by American Depositary Shares ("ADSs"), each of which represents one Ordinary Share and were mandatorily exchanged for one Ordinary Share per each ADS in connection with the Conversion.
- F2. On July 29, 2026, as previously approved by the Issuer's shareholders, the Issuer completed its conversion (the "Conversion") from a French public limited liability company ("French Criteo") to a Luxembourg public limited liability company ("Lux Criteo"). Upon the Conversion, (i) each Ordinary Share of French Criteo, including shares represented by ADSs, continued as one Ordinary Share of Lux Criteo, (ii) each time-based restricted stock unit and performance-based restricted stock unit of French Criteo continued as a time-based restricted stock unit and performance-based restricted stock unit, respectively, of Lux Criteo and (iii) each option or warrant to obtain shares of French Criteo continued as an option or warrant to obtain an equal number of shares of Lux Criteo, respectively. All rights attached to such awards remain unchanged after the Conversion, except the right to receive shares of French Criteo under these instruments became the right to receive shares of Lux Criteo.
- F3. For more information about the equity of the Issuer held by the Reporting Person, please see the Issuer's most recent definitive proxy statement filed with the Securities and Exchange Commission.
- F4. The number of securities beneficially owned following the previously reported transaction was inadvertently understated by three shares due to a rounding error. This filing corrects the beneficial ownership amount to reflect the Reporting Person's actual holdings.
Key Figures
Shares disposed to issuer: 12,471 Ordinary Shares
Shares acquired as grant/award: 12,471 Ordinary Shares
Stated transaction price per share: 0.0000
+3 more
6 metrics
Shares disposed to issuer
12,471 Ordinary Shares
Non-derivative disposition to issuer on July 29, 2026
Shares acquired as grant/award
12,471 Ordinary Shares
Non-derivative grant or other acquisition on July 29, 2026
Stated transaction price per share
0.0000
Price field for both disposition and acquisition transactions
Conversion date
July 29, 2026
Date French Criteo converted into Luxembourg Criteo
ADS to Ordinary Share ratio
1 Ordinary Share per ADS
ADSs mandatorily exchanged for Ordinary Shares in the Conversion
Rounding correction to holdings
3 shares
Previously reported beneficial ownership understated by three shares
Key Terms
Disposition to issuer, American Depositary Shares, time-based restricted stock unit, performance-based restricted stock unit, +1 more
5 terms
Disposition to issuer financial
"transaction_code_description: "Disposition to issuer""
time-based restricted stock unit financial
"each time-based restricted stock unit ... continued as a time-based restricted stock unit"
performance-based restricted stock unit financial
"each performance-based restricted stock unit ... continued as a performance-based restricted stock unit"
A performance-based restricted stock unit is a promise of company shares given to an employee that only becomes actual stock if specific performance targets are met and any required time at the company is completed. For investors, these awards matter because they can dilute existing shares when earned and signal management’s confidence or the company’s expected future performance, much like a bonus cheque that only clears when pre-set goals are reached.
beneficially owned financial
"The number of securities beneficially owned following the previously reported transaction"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What corporate conversion involving Criteo S.A. (CRTO) is referenced in the insider report?
On July 29, 2026, Criteo completed a conversion from a French to a Luxembourg public limited liability company. Each French Criteo Ordinary Share and ADS continued as one Lux Criteo Ordinary Share, and all RSUs, performance RSUs, options, and warrants continued on equivalent terms.
How were Criteo (CRTO) ADSs and equity awards treated in the French-to-Luxembourg conversion?
Each ADS, which represented one Ordinary Share, was mandatorily exchanged into one Ordinary Share in Lux Criteo. Time-based and performance-based RSUs, and options or warrants for French Criteo, all continued as equivalent awards over Lux Criteo shares with unchanged rights except for the issuer entity.
What rounding correction to beneficial ownership was disclosed for Criteo S.A. (CRTO)?
A footnote states that Teunissen’s previously reported beneficial ownership was understated by three shares due to a rounding error. This filing corrects the reported beneficial ownership amount so it reflects his actual holdings, without otherwise changing the disclosed transaction mechanics.
Were Criteo (CRTO) director Ernst Teunissen’s reported transactions under a Rule 10b5-1 trading plan?
The Rule 10b5-1 trading-plan checkbox was not checked in the report. No footnote describes these July 29, 2026 transactions as made under a pre-arranged trading plan, so they are presented without that specific plan designation.