Criteo S.A. (CRTO) records insider share swap in corporate conversion
Rhea-AI Filing Summary
Damon Ryan, Chief Legal Officer of Criteo S.A., reported paired equity movements tied to the company’s corporate conversion to a Luxembourg entity. On July 29 2026 he returned 173,943 Ordinary Shares to the issuer for no consideration, then received a matching 173,943-share award in the new Luxembourg company, with award rights continuing unchanged.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Damon Ryan
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Ordinary Shares F1, F2 | 173,943 | $0.00 | $0.00 |
| Grant/Award | Ordinary Shares F2, F3 | 173,943 | $0.00 | $0.00 |
Holdings After Transaction:
Ordinary Shares — 173,943 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 to issuer: 173,943 Ordinary Shares
Shares acquired as award: 173,943 Ordinary Shares
Per-share transaction value: $0.0000 per share
+2 more
5 metrics
Shares disposed to issuer
173,943 Ordinary Shares
Disposition to issuer at $0.0000 per share on July 29 2026
Shares acquired as award
173,943 Ordinary Shares
Grant or award acquisition at $0.0000 per share on July 29 2026
Per-share transaction value
$0.0000 per share
Reported for both the disposition and acquisition of Ordinary Shares
Conversion date
July 29 2026
Completion of conversion from French Criteo to Lux Criteo
ADS to Ordinary Share ratio
1 ADS = 1 Ordinary Share
ADSs mandatorily exchanged one-for-one into Ordinary Shares in the conversion
Key Terms
American Depositary Shares, Conversion, time-based restricted stock unit, performance-based restricted stock unit, +1 more
5 terms
Conversion regulatory
"the Issuer completed its conversion (the "Conversion") from a French public limited liability company"
Conversion is the exchange of one type of financial instrument for another, most commonly turning convertible bonds or preferred shares into common stock. It matters to investors because conversion changes the number of outstanding shares and ownership stakes—like trading a coupon for a slice of a company—potentially reducing each existing owner's portion, affecting per-share earnings, voting power and the market value of the stock.
time-based restricted stock unit financial
"each time-based restricted stock unit and performance-based restricted stock unit of French Criteo continued"
performance-based restricted stock unit financial
"each time-based restricted stock unit and performance-based restricted stock unit of French Criteo continued"
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
"to a Luxembourg public limited liability company ("Lux Criteo")"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
Did Criteo (CRTO) indicate any cash proceeds in Damon Ryan’s July 2026 insider transactions?
No cash proceeds were indicated; both transactions show a $0.0000 per-share value. The shares were returned to the issuer and re-awarded in connection with Criteo’s corporate conversion rather than through an open-market sale or purchase.
What corporate change at Criteo (CRTO) is linked to Damon Ryan’s July 2026 insider entries?
The entries are linked to Criteo’s conversion from a French public limited liability company to a Luxembourg public limited liability company. Each French Criteo share and related equity award continued one-for-one as an equivalent in Lux Criteo.
How were Criteo (CRTO) ADSs affected for holders like Damon Ryan in the conversion?
Footnotes state that each American Depositary Share (ADS) represented one Ordinary Share and was mandatorily exchanged for one Ordinary Share of the Luxembourg company. This maintained a one-for-one relationship between ADSs and underlying Ordinary Shares through the conversion.