Criteo (CRTO) CEO updates equity in French–Luxembourg conversion
Rhea-AI Filing Summary
Criteo S.A. reports that CEO Michael Komasinski recorded a disposition to the issuer of 361,106 Ordinary Shares and a matching grant of 361,106 Ordinary Shares on July 29 2026, each at 0.0000 per share, in connection with a corporate conversion.
On that date Criteo completed a shareholder-approved conversion from a French to a Luxembourg public limited liability company. Each Ordinary Share, including those represented by ADSs, and each related equity award continued on a one-for-one basis, with rights unchanged apart from now referencing Luxembourg shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Komasinski Michael
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Ordinary Shares F1, F2 | 361,106 | $0.00 | $0.00 |
| Grant/Award | Ordinary Shares F2, F3 | 361,106 | $0.00 | $0.00 |
Holdings After Transaction:
Ordinary Shares — 361,106 shares (Direct)
Footnotes (3)
- 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.
Key Figures
Disposition to issuer: 361,106 Ordinary Shares
Grant or award: 361,106 Ordinary Shares
Conversion date: July 29 2026
+2 more
5 metrics
Disposition to issuer
361,106 Ordinary Shares
Ordinary Shares returned to issuer on July 29 2026
Grant or award
361,106 Ordinary Shares
Ordinary Shares granted on July 29 2026
Conversion date
July 29 2026
Date Criteo converted from French to Luxembourg public limited liability company
ADS to Ordinary Share ratio
1 ADS : 1 Ordinary Share
Each ADS represented one Ordinary Share and was exchanged one-for-one
French to Luxembourg share ratio
1 share : 1 share
Each Ordinary Share of French Criteo continued as one Ordinary Share of Lux Criteo
Key Terms
American Depositary Shares, restricted stock unit, performance-based restricted stock unit, Luxembourg public limited liability company
4 terms
restricted stock unit financial
"each time-based restricted stock unit and performance-based restricted stock unit"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
performance-based restricted stock unit financial
"time-based restricted stock unit and 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.
Luxembourg public limited liability company regulatory
"conversion from a French public limited liability company to a Luxembourg public limited liability company"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Criteo (CRTO) report for CEO Michael Komasinski?
Criteo reported that CEO Michael Komasinski disposed to the issuer 361,106 Ordinary Shares and received a matching grant of 361,106 Ordinary Shares on July 29 2026. Both entries were recorded at 0.0000 per share and relate to a corporate equity conversion, not a market trade.
What corporate change did Criteo (CRTO) complete on July 29 2026?
On July 29 2026, Criteo completed its shareholder-approved conversion from a French public limited liability company to a Luxembourg public limited liability company. Each Ordinary Share of French Criteo continued as one Ordinary Share of Lux Criteo, with attached rights remaining unchanged apart from the new issuer jurisdiction.
What happened to Criteo (CRTO) equity awards like RSUs, PSUs, options and warrants?
Upon conversion, each time-based and performance-based restricted stock unit, and each option or warrant to obtain French Criteo shares, continued as an equivalent instrument over Lux Criteo shares. The company states that all rights attached to these awards remain unchanged, aside from referencing Lux Criteo shares.
Were the Criteo (CRTO) CEO’s reported transactions under a Rule 10b5-1 trading plan?
The Rule 10b5‑1 checkbox is marked false, so these transactions are not affirmed as executed under a pre‑arranged trading plan. Instead, accompanying notes describe them as occurring in connection with Criteo’s conversion from a French to a Luxembourg public limited liability company on July 29 2026.