Baumgartner Florian 4

What Happened

• Florian Baumgartner, Cimpress EVP and CEO, reported the conversion/vesting of a mix of restricted share units (RSUs) and performance share units (PSUs) into 6,544 ordinary shares on 2026-05-15. To satisfy tax withholding related to the vesting, 3,108 of those shares were surrendered/withheld at $93.25 per share, totaling approximately $289,821. The remaining net shares retained from the vesting equal 3,436 shares.

Key Details

• Transaction date: 2026-05-15; Form 4 filed: 2026-05-18 (filing appears timely).
• Vesting/Conversion entries (code M): 1,691 RSUs + 3,550 PSUs + 1,303 PSUs = 6,544 shares acquired at $0 (award conversion).
• Tax/withholding (code F): 3,108 shares disposed at $93.25 for ~$289,821 to cover tax liability.
• Net shares retained after withholding: 3,436 shares (6,544 acquired − 3,108 withheld).
• Shares owned after the transaction: not specified in the filing.
• Relevant footnotes: F1–F2 confirm RSUs and PSUs represent commitments to issue one ordinary share each; F3–F4 describe four‑year vesting schedules and PSU performance-based determination.

Context

• This was an award vesting and a typical "sell-to-cover" (tax withholding) event rather than an open-market sale or purchase; the shares were issued on vesting and a portion was surrendered to meet tax obligations. Such transactions are routine for compensation-related vesting and do not by themselves indicate CEO market timing or broader insider sentiment.