Criteo (CRTO) CFO exchanges 430,897 shares in French–Luxembourg move
Rhea-AI Filing Summary
Criteo S.A. Chief Financial Officer Sarah JS Glickman reported restructuring-related equity movements on July 29, 2026. She disposed of 430,897 Ordinary Shares in a disposition to the issuer and recorded a matching acquisition of 430,897 Ordinary Shares in connection with the company’s conversion from a French to a Luxembourg public limited liability company, with equity award rights otherwise remaining unchanged.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Glickman Sarah JS
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Ordinary Shares F1, F2 | 430,897 | $0.00 | $0.00 |
| Grant/Award | Ordinary Shares F2, F3 | 430,897 | $0.00 | $0.00 |
Holdings After Transaction:
Ordinary Shares — 430,897 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
Shares disposed: 430,897 Ordinary Shares
Shares acquired: 430,897 Ordinary Shares
Price per share: $0.0000
+2 more
5 metrics
Shares disposed
430,897 Ordinary Shares
Disposition to issuer reported by CFO Sarah JS Glickman on July 29, 2026
Shares acquired
430,897 Ordinary Shares
Grant or other acquisition reported on July 29, 2026 in connection with the conversion
Price per share
$0.0000
Reported transaction price per share for both the disposition and acquisition entries
ADS-to-share ratio
1 ADS = 1 Ordinary Share
Each American Depositary Share represented one Ordinary Share and was mandatorily exchanged in the Conversion
Conversion date
July 29, 2026
Date Criteo converted from a French to a Luxembourg public limited liability company
Key Terms
American Depositary Shares, time-based restricted stock unit, performance-based restricted stock unit, public limited liability company
4 terms
time-based restricted stock unit financial
"each time-based restricted stock unit and performance-based restricted stock unit of French Criteo"
performance-based restricted stock unit financial
"time-based restricted stock unit and performance-based restricted stock unit, respectively, of Lux Criteo"
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.
public limited liability company regulatory
"from a French public limited liability company ("French Criteo") to a Luxembourg public limited liability company"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What corporate conversion involving Criteo (CRTO) is referenced in the insider report?
On July 29, 2026, Criteo completed a conversion from a French public limited liability company to a Luxembourg public limited liability company. Each French Ordinary Share, including those represented by ADSs, continued as one Ordinary Share of the Luxembourg entity.
Did Criteo (CRTO) equity awards change terms in the July 29, 2026 conversion?
Time-based and performance-based restricted stock units, as well as options and warrants, continued as equivalent awards of the Luxembourg company. The rights attached to these awards remained unchanged, except that they now deliver shares of the Luxembourg issuer instead of the French entity.
Where can investors find more detail on Sarah Glickman’s Criteo (CRTO) equity holdings?
Further information on the equity of the issuer held by Sarah JS Glickman is referenced as available in Criteo’s most recent definitive proxy statement filed with the U.S. Securities and Exchange Commission, as noted in the report’s footnotes.