Quinn Sean Edward 4

What Happened

• Sean Quinn, Chief Financial Officer of Cimpress plc (CMPR), reported the automatic vesting/conversion of 8,521 restricted/performance share units on May 15, 2026. Those awards were recorded as exercise/conversion of derivatives (code M) at $0.00 per share (RSUs/PSUs convert into shares).
• To cover tax withholding and related exercise price obligations (code F), 3,463 of the shares were withheld/disposed at $93.25 per share, generating reported proceeds of $322,925. Net shares delivered to Mr. Quinn after withholding were 5,058 shares (8,521 vested minus 3,463 withheld).

Key Details

• Transaction date: May 15, 2026. Form 4 filed May 18, 2026 (filed within the normal two-business-day window).
• Prices and values: withholding/disposal price used $93.25; withheld 3,463 shares for $322,925. Vested shares reported at $0.00 per share (typical for RSU/PSU conversions).
• Shares owned after transaction: Not reported on the excerpted data in this summary (check the full Form 4 for total holdings).
• Footnotes from the filing: shares came from RSUs and PSUs (each unit converts to one ordinary share). RSUs and PSUs vest over a four-year schedule (25% at the initial vesting date, then gradual vesting thereafter; PSUs include performance-based determination of the number issuable).
• Transaction codes: M = exercise/conversion of derivative security (vesting of RSUs/PSUs); F = payment of exercise price or tax withholding (shares withheld to satisfy taxes).

Context

• This was not an open-market sale. The reported disposal reflects tax/exercise withholding — a common, routine administrative step when restricted or performance units vest. Such withholding does not necessarily indicate a change in the insider’s view of the company.
• PSUs are performance-dependent: the ultimate number of shares from a PSU award can vary based on achievement of performance goals; RSUs convert 1:1.