Keane Robert S 4
4 · CIMPRESS plc · Filed May 18, 2026
Research Summary
AI-generated summary of this filing
Cimpress CEO Robert Keane Exercises PSUs, Sells Shares for Taxes
What Happened On May 15, 2026, Robert S. Keane (CEO, Chairman and Director of Cimpress plc) had performance share units (PSUs) convert into 13,112 ordinary shares. To satisfy tax withholding obligations, 4,522 of those shares were surrendered/withheld at $93.25 per share, resulting in a tax withholding value of $421,677. The PSU conversion is reported as exercise/conversion of a derivative (transaction code M) and the withholding is reported under code F.
Key Details
- Transaction date: 2026-05-15.
- Shares acquired via PSU conversion: 13,112 total (9,579 + 145 + 3,388).
- Shares withheld/surrendered for taxes: 4,522 at $93.25 per share = $421,677.
- Net shares added to Keane’s holdings from this event: 8,590 (13,112 vested minus 4,522 withheld).
- Footnotes: F1 explains these were PSUs converting to ordinary shares; F2 notes holdings include 28,375 shares held by RHS Delaware Holdings LLC (owned by related entities); F3 describes the standard PSU vesting schedule for other awards (25% at the initial vest date, then 6.25% quarterly).
- Transaction types: M = exercise/conversion of derivative (PSU conversion); F = tax withholding (share surrender), not an open-market sale.
Context This was not an open-market sale for cash gain but a routine conversion of performance awards with a portion of shares surrendered to cover taxes (a common "sell-to-cover" or share-withholding method). The $0.00 exercise entries reflect conversion of PSUs (no cash exercise price). The filing does not indicate any trading plan or further market sales in this report.
Insider Transaction Report
- Exercise/Conversion
Ordinary Shares
[F1]2026-05-15+9,579→ 83,666 total - Exercise/Conversion
Ordinary Shares
[F1]2026-05-15+145→ 83,811 total - Exercise/Conversion
Ordinary Shares
[F1]2026-05-15+3,388→ 87,199 total - Tax Payment
Ordinary Shares
2026-05-15$93.25/sh−4,522$421,677→ 82,677 total - Exercise/Conversion
Performance Share Units
[F1][F3]2026-05-15−9,579→ 47,892 totalExercise: $0.00From: 2024-08-15Exp: 2027-08-15→ Ordinary Shares (9,579 underlying) - Exercise/Conversion
Performance Share Unit
[F1][F3]2026-05-15−145→ 727 totalExercise: $0.00From: 2024-08-15Exp: 2027-08-15→ Ordinary Shares (145 underlying) - Exercise/Conversion
Performance Share Units
[F1][F3]2026-05-15−3,388→ 30,489 totalExercise: $0.00From: 2025-08-15Exp: 2028-08-15→ Ordinary Shares (3,388 underlying)
- 28,375(indirect: By LLC)
Ordinary Shares
- 43,128(indirect: By LLC)
Ordinary Shares
[F2] - 47,088(indirect: By LLC)
Ordinary Shares
[F2] - 51,900(indirect: By Trust)
Ordinary Shares
- 780,000(indirect: By LLC)
Ordinary Shares
- 986,785(indirect: By LLC)
Ordinary Shares
Footnotes (3)
- [F1]The shares acquired automatically vested pursuant to an award of performance share units (PSUs), with each PSU representing Cimpress' commitment to issue one ordinary share following the determination of the number of shares issuable pursuant to the award based on the level of achievement against the performance conditions.
- [F2]Includes 28,375 shares held by RHS Delaware Holdings LLC, of which Eastern Irrevocable, LLC and Western Irrevocable, LLC are the sole owners.
- [F3]These PSUs vest over the following four-year period: 25% of the number of shares determined to be issuable pursuant to the award based on the level of achievement against the performance conditions vest on the Date Exercisable shown in Table II and 6.25% of such number of shares vest quarterly thereafter.