Research Summary
AI-generated summary of this SEC filing
Cimpress (CMPR) CFO Sean Quinn Receives PSU Award
What Happened Sean Quinn, Chief Financial Officer of Cimpress plc (CMPR), was granted 59,194 performance share units (PSUs) effective August 7, 2026. The reported transaction shows an acquisition at $0.00 per unit (derivative award). These PSUs were originally granted on August 15, 2025 and the Compensation Committee determined on Aug 7, 2026 the number of shares issuable based on achievement of performance goals for the fiscal year ended June 30, 2026.
Key Details
- Transaction date: August 7, 2026; Filing date (Form 4): August 11, 2026.
- Award: 59,194 PSUs (each PSU represents a commitment to issue one ordinary share if vesting conditions are met); reported price $0.00.
- Vesting: PSUs vest over four years — 25% vests on the initial exercisable date (see Table II of the filing) and 6.25% vests quarterly thereafter (totaling 100% over four years).
- Performance conditions: Based on adjusted EBITDA and variable gross profit for fiscal year ended June 30, 2026 (determined by Compensation Committee).
- Shares owned after transaction: Not specified in the provided extract of the filing.
- Timeliness: Form 4 was filed Aug 11, 2026, which is more than two business days after the Aug 7 transaction and therefore appears late relative to the usual Form 4 filing deadline.
Context PSUs are performance-based, time‑vesting awards and are not immediate cash or tradable shares; they convert to ordinary shares only if performance and vesting conditions are satisfied. This is a grant/award (derivative) rather than an open‑market purchase or sale, so it does not represent an immediate buy/sell signal.