Form 4: Criteo S.A. Executive Damon Ryan Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Chief Legal Officer Damon Ryan reports acquisition and disposal of Criteo S.A. ordinary shares due to vesting of performance-based stock units.
Summary
- On February 28, 2025, Damon Ryan, Chief Legal Officer of Criteo S.A., reported changes in beneficial ownership of the company's ordinary shares.
- Ryan acquired 32,817 shares due to the vesting of performance-based stock units, initially granted on March 1, 2024.
- The achievement percentage for these units was determined on February 28, 2025, making the shares eligible for time-based vesting.
- 50% of these shares will vest on the two-year anniversary of the grant date, with the remainder vesting in equal portions quarterly over the following year.
- Ryan also acquired 24,588 shares subject to time-based vesting, with 50% vesting on the two-year anniversary of the grant date and the remainder vesting quarterly over the subsequent two years.
- Following these transactions, Ryan beneficially owns 134,134 ordinary shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing changes in beneficial ownership. It doesn't inherently convey positive or negative sentiment about the company's prospects.
Positives
- The vesting of performance-based stock units suggests the achievement of certain performance goals within Criteo.
- The increase in shares beneficially owned by a key executive could be interpreted as a sign of confidence in the company's future performance.
Future Outlook
The document does not contain specific forward-looking statements about Criteo's overall financial performance or strategic direction.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, and doesn't provide specific insights into Criteo's competitive positioning or broader industry trends.
Stakeholder Impact
- The change in beneficial ownership may be of interest to shareholders, as it reflects the alignment of executive interests with those of the company.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Reporting Person was granted performance-based stock units representing 50,488 shares of the Issuer at the target performance level. |
| 02/28/2025 | Date of earliest transaction and determination of achievement percentage for performance-based stock units. |
| 03/04/2025 | Date of signature for the report. |
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