Form 4: Criteo CFO Sells Shares to Cover Tax Obligations

Criteo's Chief Financial Officer, Sarah Glickman, sold 1,520 ordinary shares at $40.36 to cover tax obligations arising from a previous security award.

Summary

• Sarah Glickman, the Chief Financial Officer of Criteo S.A., sold 1,520 ordinary shares on November 25, 2024.
• The shares were sold at a price of $40.36 per share.
• The sale was executed to cover tax withholding obligations related to the settlement of a previously reported security award.
• Following the transaction, Ms. Glickman directly owns 311,878 ordinary shares.

Sentiment

Score: 6

Explanation: The document reflects a routine transaction for tax purposes, which is neither positive nor negative for the company's overall performance. It is a neutral event.

Industry Context

This is a routine transaction for corporate executives to manage their tax liabilities related to equity compensation. It is common for executives to sell shares to cover these obligations.

Comparison to Industry Standards

• Sales of shares by executives to cover tax obligations are a common practice across publicly traded companies.
• The sale of 1,520 shares is a relatively small transaction compared to the total number of shares held by the CFO, which is 311,878.
• Similar transactions are regularly reported by executives at other tech companies, such as Google, Meta, and Amazon, as part of their compensation and tax management strategies.

Stakeholder Impact

• The sale of shares by the CFO is unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates

Keywords

Criteo, Sarah Glickman, share sale, tax obligations, insider trading, Form 4, equity securities