Baumgartner Florian 4
4 · CIMPRESS plc · Filed Feb 17, 2026
Research Summary
AI-generated summary of this filing
Cimpress (CMPR) CEO Florian Baumgartner Exercises Awards and Sells Shares
What Happened
Florian Baumgartner, Cimpress EVP and CEO (Vista), had restricted and performance share awards convert into 6,544 ordinary shares on 2026-02-15 (three derivative conversion entries, $0 exercise price). To satisfy tax withholding, 3,106 of those shares were surrendered at $74.27 each for a cash value of approximately $230,683. Net new shares delivered to Baumgartner were 3,438.
Key Details
- Transaction date: 2026-02-15; Form 4 filed 2026-02-17 (appears timely).
- Awards converted: 6,544 shares total (1,691 + 3,550 + 1,303). Each conversion reported at $0.00 per share (derivative exercise/conversion — code M).
- Tax withholding: 3,106 shares disposed to cover taxes (code F) at $74.27/share, total ≈ $230,683.
- Net shares received: 3,438 shares (6,544 vested − 3,106 withheld).
- Footnotes: RSUs vested automatically (each RSU equals one share); PSUs converted based on performance determinations. Vesting schedules noted: RSUs and PSUs vest over four years with initial 25% vesting on the exercisable date and further periodic vesting thereafter (see F1–F4).
- This was not an open-market purchase or discretionary sale — it’s award vesting with shares withheld for tax obligations.
Context
These entries reflect awards converting into shares (derivative exercise/conversion) and routine tax withholding — a common administrative step when RSUs/PSUs vest. Because part of the vested shares were surrendered to cover taxes, this transaction is not a directional insider buy or an open-market sale that signals trading intent. The filing shows the mechanics (conversion and withholding) rather than a discretionary sale.
Insider Transaction Report
- Exercise/Conversion
Ordinary Shares
[F1]2026-02-15+1,691→ 62,096 total - Exercise/Conversion
Ordinary Shares
[F2]2026-02-15+3,550→ 65,646 total - Exercise/Conversion
Ordinary Shares
[F2]2026-02-15+1,303→ 66,949 total - Tax Payment
Ordinary Shares
2026-02-15$74.27/sh−3,106$230,683→ 63,843 total - Exercise/Conversion
Restricted Share Units (right to acquire)
[F1][F3]2026-02-15−1,691→ 3,382 totalExercise: $0.00From: 2023-08-15Exp: 2026-08-15→ Ordinary Shares (1,691 underlying) - Exercise/Conversion
Performance Share Units
[F2][F4]2026-02-15−3,550→ 21,300 totalExercise: $0.00From: 2024-08-15Exp: 2027-08-15→ Ordinary Shares (3,550 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 25% of such number of RSUs vest yearly 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.