Criteo (CRTO) CEO receives 141,700-share equity grant with multi-year vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Criteo S.A. CEO Michael Komasinski reported an equity award of 141,700 Ordinary Shares, received as a grant with no purchase price. Following this award, he directly holds 361,106 Ordinary Shares. The shares vest over time: 25% on the one-year anniversary of the grant and the remainder in equal quarterly installments over the next 36 months.
If the company’s planned conversion into a Luxembourg company is not completed before the first anniversary of the grant date, the vesting schedule shifts so that 50% vests on the two-year anniversary and the remaining 50% vests in equal quarterly installments over the following two years.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Komasinski Michael
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Ordinary Shares | 141,700 | $0.00 | -- |
Holdings After Transaction:
Ordinary Shares — 361,106 shares (Direct)
Footnotes (1)
- The Ordinary Shares may be represented by American Depositary Shares, each of which represents one Ordinary Share. The shares are subject to time-based vesting as follows: 25% of the shares will vest on the one (1) year anniversary of the grant date, and the remainder of the shares will vest in equal portions at the end of each quarter over the subsequent thirty-six (36) month period. Notwithstanding the foregoing, if the conversion of the Company into a Luxembourg company is not completed before the first anniversary of the grant date, then the shares will be subject to time based vesting as follows: 50% of the shares will vest on the two (2) year anniversary of the grant date and the remainder of the shares will vest in equal portions at the end of each quarter during the two-year period thereafter. 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.
FAQ
What insider transaction did Criteo (CRTO) report for CEO Michael Komasinski?
Criteo reported that CEO Michael Komasinski received a grant of 141,700 Ordinary Shares as equity compensation. The award was recorded at a price of $0.00 per share and increased his direct holdings to 361,106 Ordinary Shares, subject to time-based vesting conditions.