Form 4: Criteo Chief Legal Officer Sells Shares to Cover Tax Obligations

Criteo's Chief Legal Officer, Ryan Damon, sold 2,885 ordinary shares to cover tax obligations arising from a previous security award.

Summary

• Ryan Damon, the Chief Legal Officer of Criteo S.A., sold 2,885 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, Mr. Damon still beneficially owns 118,334 ordinary shares.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, with no indication of positive or negative sentiment. It is a neutral event.

Industry Context

This is a routine transaction for corporate officers to manage their tax obligations related to equity compensation. It is common for executives to sell shares to cover taxes when stock options or restricted stock units vest.

Comparison to Industry Standards

• Executive share sales to cover tax obligations are a common practice across publicly traded companies.
• The sale of 2,885 shares is relatively small compared to the total holdings of 118,334 shares, suggesting this is a routine tax-related transaction rather than a significant divestment.
• Similar transactions are regularly reported by executives at other tech companies such as Google, Meta, and Amazon.

Stakeholder Impact

• The share sale is unlikely to have a significant impact on shareholders as it is a small transaction by an executive to cover tax obligations.

Key Dates

Keywords

Criteo, Ryan Damon, share sale, insider trading, tax obligations, equity securities, Chief Legal Officer