Wensveen Maarten 4
Research Summary
AI-generated summary
Cimpress (CMPR) CTO Maarten Wensveen Exercises Awards, Sells Shares
What Happened
- Maarten Wensveen, EVP & Chief Technology Officer of Cimpress (CMPR), had restricted share units (RSUs) and performance share units (PSUs) vest on May 15, 2026, resulting in the issuance of 6,860 ordinary shares (1,860 + 3,697 + 1,303). Of those, 3,282 shares were surrendered/sold to satisfy tax withholding at $93.25 per share, generating approximately $306,047. The remaining 3,578 vested shares were retained by the insider.
Key Details
- Transaction date: May 15, 2026; Form 4 filed May 18, 2026 (appears timely under the SEC’s 2-business-day rule).
- Vesting/issuance: 6,860 shares issued at $0.00 (representing automatic RSU and PSU vesting).
- Tax withholding sale: 3,282 shares disposed at $93.25/share for $306,047 (code F — payment of exercise price or tax liability).
- Net shares from this event: 3,578 retained (6,860 issued minus 3,282 withheld). Total post-transaction holdings reported on the Form 4 (overall holdings including prior shares) are not shown here.
- Footnotes: F1–F2 confirm the issuance resulted from RSUs and PSUs; F3–F4 describe the standard four-year vesting schedule for these awards.
Context
- This was not an open-market buy or a market sale for investment reasons but the routine vesting of equity awards and a tax-withholding disposition (common practice when awards vest). The transactions are recorded as derivative conversions/vestings (code M) and a withholding sale (code F). Such events reflect compensation vesting rather than a direct bullish or bearish trade signal.