Baumgartner Florian 4

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.