Ting Wayne Hsing-Yuan 4
Research Summary
AI-generated summary
CIMPRESS Director Ting Wayne Hsing-Yuan Converts RSUs, Withholds 280 Shares
What Happened
Ting Wayne Hsing-Yuan, a director of CIMPRESS plc (CMPR), had 582 restricted share units (RSUs) vest and convert into 582 ordinary shares on 2026-05-15. To satisfy tax withholding, 280 of those shares were withheld/disposed at $93.25 per share for a total of $26,110, leaving a net 302 shares newly issued/retained to the insider. The conversions were recorded as derivative exercises (code M) and the withholding as a tax payment/disposition (code F).
Key Details
- Transaction date: 2026-05-15 (filed with the SEC 2026-05-18). Filing is not marked late.
- What was acquired: 582 shares resulting from RSU conversion (exercise/conversion of a derivative, code M) at $0.00 exercise price.
- What was disposed: 280 shares withheld/treated as disposition to cover tax liability (code F) at $93.25/share = $26,110.
- Net new shares retained from this vesting: 302 (582 acquired − 280 withheld).
- Footnotes: F1—shares converted automatically from RSUs (each RSU = one ordinary share). F2—these RSUs vest on a 4‑year schedule (25% at the initial vest date, then 25% yearly thereafter).
- Shares owned after the transaction: not disclosed in the filing.
Context
This was RSU vesting with shares converted and a portion withheld for taxes (a routine, non‑market purchase transaction). Code explanations: M = exercise/conversion of derivative security (here, RSUs converting to shares); F = payment of exercise price or tax liability (here, share withholding to cover taxes). Awards and tax‑withholdings are common and do not by themselves signal an insider buying shares on the open market.