Cimpress (CMPR) CEO Florian Baumgartner Exercises Awards, Sells Shares

What Happened Florian Baumgartner, EVP and CEO of Cimpress plc, had restricted share units (RSUs) and performance share units (PSUs) convert to ordinary shares on August 15, 2026. A total of 18,354 shares vested/converted (1,691 + 3,550 + 1,303 + 11,810). To satisfy tax withholding, 8,716 shares were surrendered at $94.46 per share, producing proceeds of $823,313. After withholding, the net increase from vesting was 9,638 shares.

Key Details

• Transaction date: August 15, 2026; Filing date: August 18, 2026. (Filing did not flag timeliness in the provided data.)
• Vesting/conversion entries: 18,354 shares acquired at $0 (derivative conversion of RSUs/PSUs).
• Tax withholding: 8,716 shares disposed at $94.46 each → $823,313 (payment of tax liability).
• Net new shares from the vesting event: 9,638 (18,354 vested − 8,716 withheld).
• Shares owned after the transaction: not specified in the filing provided.
• Transaction codes in the filing: M = exercise/conversion of derivative (RSU/PSU conversion); F = payment of exercise price or tax liability (withholding).
• Relevant footnotes: F1–F4 note that RSUs and PSUs represent commitments to issue one ordinary share each, and that these awards vest over a four‑year schedule (25% at the first vest date, then 6.25% quarterly).

Context These entries reflect awards vesting (RSUs/PSUs converting to shares) and routine tax‑withholding by surrendering shares — a common, administrative disposition rather than an open‑market sale. The $823k shown reflects shares withheld to cover taxes, not a cash sale signal from the insider.