CMPR Form 4: Maarten Wensveen granted 20,848 performance share units
Rhea-AI Filing Summary
Maarten Wensveen, EVP & Chief Technology Officer of Cimpress plc (CMPR), reported a grant determination of 20,848 performance share units (PSUs) on 08/07/2025. The PSUs were originally awarded on 08/15/2024 and vest based on performance for the fiscal year ended June 30, 2025, with metrics tied to revenue, adjusted EBITDA, and unlevered free cash flow. Each PSU represents a commitment to issue one ordinary share if performance conditions were met.
The Compensation Committee set the number of shares issuable on 08/07/2025. Vesting occurs 25% on 08/15/2025 and the remainder at 6.25% quarterly thereafter through 08/15/2028. The reported ownership form is Direct. The Form 4 was signed by an attorney-in-fact on 08/11/2025.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine performance-based PSU award of 20,848 shares tied to explicit financial metrics with multi-year vesting.
The filing documents a determination by Cimpress' Compensation Committee that 20,848 PSUs are issuable to EVP & Chief Technology Officer Maarten Wensveen based on performance for the fiscal year ending June 30, 2025. The award was granted 08/15/2024 and converted to a final share count on 08/07/2025; each PSU equals one ordinary share. Vesting is structured to deliver 25% on 08/15/2025 and 6.25% quarterly thereafter until 08/15/2028. This is a standard performance-based long-term incentive disclosure; the form confirms execution and direct beneficial ownership without additional governance details provided.
TL;DR: Insider filing reports an award determination and vesting schedule; transaction recorded as an acquisition of derivative securities.
Table II records an acquisition (A) on 08/07/2025 of 20,848 PSUs with $0 exercise/conversion price, underlying 20,848 ordinary shares, and direct ownership. The PSUs were subject to performance metrics (revenue, adjusted EBITDA, unlevered free cash flow) for the fiscal year ended 06/30/2025. The form is signed via attorney-in-fact on 08/11/2025. The filing is a routine Section 16 report of management compensation realization; no additional market-moving details or transaction prices are disclosed.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Share Units | 20,848 | $0.00 | -- |
Footnotes (1)
- Performance share unit (PSU) award granted on August 15, 2024 with performance conditions based on revenue, adjusted EBITDA, and unlevered free cash flow of Cimpress plc for the fiscal year ended June 30, 2025. On August 7, 2025, Cimpress' Compensation Committee determined the number of shares issuable pursuant to this PSU award based on the level of achievement against the performance conditions, with each PSU representing Cimpress' commitment to issue one ordinary share. These PSUs vest over the following four-year period: 25% of the number of shares determined to be issuable vest on the Date Exercisable shown in Table II and 6.25% of such number of shares vest quarterly thereafter.