Cimpress (CMPR) CTO Maarten Wensveen Exercises Awards, Withholds Shares

What Happened
Maarten Wensveen, EVP & Chief Technology Officer of Cimpress (CMPR), had a mix of restricted share units (RSUs) and performance share units (PSUs) vest on August 15, 2026, resulting in 18,543 ordinary shares issued to him at $0.00 (vesting event). To satisfy tax withholding obligations, 8,968 of those shares were disposed/withheld at an effective value of $94.46 per share, totaling approximately $847,117. Net of the withholding, about 9,575 vested shares remained issued to him.

Key Details

• Transaction date: August 15, 2026 (reported on Form 4 filed Aug 18, 2026).
• Vesting/Acquisition: 18,543 shares from converted RSUs/PSUs at $0.00 (codes M — exercise/conversion of derivative).
• Tax withholding/disposition: 8,968 shares withheld/disposed at $94.46 each = $847,117 (code F — payment of exercise price or tax liability).
• Net shares retained after withholding: ~9,575 shares (18,543 vested − 8,968 withheld).
• Footnotes: RSUs (F1/F3) and PSUs (F2/F4) vested; PSUs are performance-based and the number ultimately issuable is subject to achievement levels; both award types generally vest over a four‑year schedule described in the filing.
• Filing timeliness: Form filed Aug 18, 2026 for an Aug 15, 2026 vesting — filing appears timely based on standard Form 4 rules.

Context

• This was not an open-market buy or sale to take a market position: it was the automatic settlement of equity awards (RSUs/PSUs) on vesting. The withholding of 8,968 shares to cover taxes is a common cashless/net settlement step and is routine for equity compensation.
• Code guide: M = conversion/exercise of derivative (here, RSU/PSU settlement); F = shares withheld/used to satisfy tax obligations.
• These transactions reflect award vesting and tax withholding, not a decision to trade additional shares in the open market.