Wensveen Maarten 4
4 · CIMPRESS plc · Filed Feb 17, 2026
Research Summary
AI-generated summary of this filing
Cimpress (CMPR) CTO Maarten Wensveen Receives RSUs, Withholds 2,063 Shares
What Happened
- Maarten Wensveen, EVP & Chief Technology Officer of Cimpress plc, had restricted share units (RSUs) and performance share units (PSUs) convert into 6,860 ordinary shares on 2026-02-15 (three conversion entries: 1,860; 3,697; 1,303).
- To satisfy tax withholding, 2,063 of those shares were withheld/disposed at $74.27 per share for a total of $153,219. Net new shares issued to him after withholding: 4,797.
- The acquisitions are award vesting events (not open-market purchases); the reported $0.00 acquisition price reflects issuance on vesting rather than a cash purchase.
Key Details
- Transaction date: 2026-02-15. Form 4 filed: 2026-02-17 (timely).
- Acquired by conversion/vesting: 6,860 shares (1,860; 3,697; 1,303).
- Withheld/disposed for tax payment: 2,063 shares at $74.27 = $153,219.
- Net shares retained: 6,860 − 2,063 = 4,797.
- Footnotes: F1–F4 indicate the awards were RSUs and PSUs (each unit represents one ordinary share); PSUs are subject to performance-based determination; both RSUs and PSUs vest over a four-year schedule (25% at the initial vest date, then quarterly vesting of 6.25% thereafter).
- Transaction codes: M = exercise/conversion of a derivative (here, conversion of RSUs/PSUs); F = payment of exercise price or tax liability (share withholding).
- Filing timeliness: Not late (filed within 2 business days of the transaction).
Context
- These were vesting/settlement events (awards converting into shares). The withholding of shares to cover taxes is a routine administrative step and does not necessarily signal a directional view on the stock—the insider received shares via award and had a portion withheld to pay tax obligations.
- For retail investors, award vesting increases insider-held shares but withheld shares reduce the immediate net share increase; this filing shows a net increase of 4,797 shares for the CTO.
Insider Transaction Report
Form 4
CIMPRESS plcCMPR
Wensveen Maarten
EVP & Chief Technology Officer
Transactions
- Exercise/Conversion
Ordinary Shares
[F1]2026-02-15+1,860→ 25,988 total - Exercise/Conversion
Ordinary Shares
[F2]2026-02-15+3,697→ 29,685 total - Exercise/Conversion
Ordinary Shares
[F2]2026-02-15+1,303→ 30,988 total - Tax Payment
Ordinary Shares
2026-02-15$74.27/sh−2,063$153,219→ 28,925 total - Exercise/Conversion
Restricted Share Units (right to acquire)
[F1][F3]2026-02-15−1,860→ 3,720 totalExercise: $0.00From: 2023-08-15Exp: 2026-08-15→ Ordinary Shares (1,860 underlying) - Exercise/Conversion
Performance Share Units
[F2][F4]2026-02-15−3,697→ 22,181 totalExercise: $0.00From: 2024-08-15Exp: 2027-08-15→ Ordinary Shares (3,697 underlying) - Exercise/Conversion
Performance Share Units
[F2][F4]2026-02-15−1,303→ 13,030 totalExercise: $0.00From: 2025-08-15Exp: 2028-08-15→ Ordinary Shares (1,303 underlying)
Footnotes (4)
- [F1]The shares acquired automatically vested pursuant to an award of restricted share units (RSUs), with each RSU representing Cimpress' commitment to issue one ordinary share.
- [F2]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.
- [F3]These RSUs vest over the following four-year period: 25% of the original number of RSUs granted vest on the Date Exercisable in Table II and 6.25% of such number of RSUs vest quarterly thereafter.
- [F4]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.
Signature
/s/ Sean E. Quinn, as attorney-in-fact for Maarten Wensveen|2026-02-17