Cimpress EVP & CTO Maarten Wensveen Receives 46,731-Share Award

What Happened

• Maarten Wensveen, EVP and Chief Technology Officer of Cimpress plc (CMPR), received a grant of 46,731 performance share units (PSUs) reported on Form 4 for the transaction dated 2026-08-07. The filing reports these as a derivative award with an acquisition price of $0 (each PSU represents Cimpress' commitment to issue one ordinary share if vested).

Key Details

• Transaction date: 2026-08-07; Form 4 filed: 2026-08-11.
• Transaction type: A (award/grant); reported value: $0 (derivative PSUs).
• Award originally granted Aug 15, 2025; Compensation Committee determined the number of shares issuable on Aug 7, 2026 based on FY 2026 performance vs. targets (adjusted EBITDA and variable gross profit).
• Vesting schedule: PSUs vest over four years — 25% vests on the “Date Exercisable” (per filing) and then 6.25% vests quarterly thereafter (totaling 100% over four years).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Filing timing: Form 4 was filed four days after the transaction date (outside the typical 2-business-day window for Form 4 filings).

Context

• These are performance-based deferred equity awards (PSUs), not an open-market purchase or sale; they involve no cash outlay by the insider and do not immediately transfer shares until performance is certified and vesting conditions are met. Such awards are common for executive compensation and do not, by themselves, indicate a buy or sell signal.