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Free shares / AGA (France)

Also called: attribution gratuite d'actions, actions gratuites, AGA

In one line

A French scheme granting employees shares for free after a vesting and holding period, with its own tax treatment.

In plain English

AGA ('attribution gratuite d'actions') gives French employees real shares at no cost once they vest and are held long enough, similar in spirit to RSUs, under specific French tax rules.

If you were explaining it to a 5-year-old

A French way to give helpers real toys for free, as long as they wait the required time before selling.

Why it matters when you sell

AGA shares are real and sellable after their holding period, so their timing and tax shape a French secondary.

Related terms

Put it to use

How to get liquidity (Europe)

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Sources

Primary references for this term: impots.gouv.fr (France). Our definitions are written in plain English and kept evergreen — see the glossary methodology. General information, not advice.

Educational information only — not financial, tax or legal advice, and not an offer to buy or sell any security. Definitions are general; your own documents and local law govern your situation. PrivateTechShares is independent and not a broker or marketplace.