CMPR insider Baumgartner reports vested RSUs/PSUs and sells 5,408 shares at $60.16
Rhea-AI Filing Summary
Florian Baumgartner, EVP and CEO, Vista, reported multiple automatic vesting transactions in Cimpress plc (CMPR) on 08/15/2025. Restricted share units (RSUs) and performance share units (PSUs) vested, resulting in non‑derivative acquisitions of 934, 1,691, 3,550 and 5,212 ordinary shares (all recorded as Code M, $0 price) and derivative entries showing the underlying RSUs/PSUs and their vesting schedules. Following the vesting, Baumgartner beneficially owned between 50,848 and 61,301 ordinary shares across the lines reported. Separately, he disposed of 5,408 ordinary shares at $60.16 each, leaving reported holdings reflected in Table I and Table II. The Form 4 was signed by an attorney‑in‑fact on 08/15/2025.
Positive
- Automatic vesting of RSUs and PSUs increased Baumgartner's reported beneficial ownership through multiple grants
- Detailed vesting schedules disclosed for RSUs and PSUs, clarifying timing and vesting mechanics
Negative
- Sale of 5,408 shares at $60.16 reduced reported holdings
- No information on intent (e.g., Rule 10b5-1 plan) is indicated in the filing
Insights
TL;DR Insider received vested RSUs/PSUs and executed a market sale of 5,408 shares at $60.16.
The filing documents automatic vesting of RSUs and PSUs into ordinary shares (multiple grants vesting per their schedules) and a contemporaneous sale of 5,408 shares at $60.16. The transactions are recorded under Code M (direct reporting of prior grant awards that became vested) and Code F for the sale. The disclosure clarifies vesting schedules and the conversion mechanics: each RSU/PSU represents a commitment to issue one ordinary share, and PSUs are subject to performance determination. This is a routine insider compensation realization and sale, not a new equity issuance by the company.
TL;DR Vesting and a partial sale were disclosed properly; documentation of vesting schedules and signatures is complete.
The Form 4 includes detailed vesting schedules for RSUs and PSUs and provides required transaction codes and holdings after transactions. The filing includes both acquisition-by-vesting entries and a reported sale with price, meeting standard Section 16 disclosure requirements. All transactions are reported as direct ownership and the form is signed by an attorney‑in‑fact, satisfying signature protocol. No additional corporate governance irregularities are evident from the filing text alone.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Units (right to acquire) | 934 | $0.00 | -- |
| Exercise | Restricted Share Units (right to acquire) | 1,691 | $0.00 | -- |
| Exercise | Performance Share Units | 3,550 | $0.00 | -- |
| Exercise | Performance Share Units | 5,212 | $0.00 | -- |
| Exercise | Ordinary Shares | 934 | $0.00 | -- |
| Exercise | Ordinary Shares | 1,691 | $0.00 | -- |
| Exercise | Ordinary Shares | 3,550 | $0.00 | -- |
| Exercise | Ordinary Shares | 5,212 | $0.00 | -- |
| Tax Withholding | Ordinary Shares | 5,408 | $60.16 | $325K |
Footnotes (1)
- The shares acquired automatically vested pursuant to an award of restricted share units (RSUs), with each RSU representing Cimpress' commitment to issue one ordinary share. The shares acquired automatically vested pursuant to an award of performance share units (PSUs), with each PSU representing Cimpress' commitment to issue one ordinary share following the determination of the number of shares issuable pursuant to the award based on the level of achievement against the performance conditions. These RSUs vest over the following four-year period: 25% of the original number of RSUs granted vest on the Date Exercisable in Table II and 25% of such number of RSUs vest yearly thereafter. These RSUs vest over the following four-year period: 25% of the original number of RSUs granted vest on the Date Exercisable in Table II and 6.25% of such number of RSUs vest quarterly thereafter. These PSUs vest over the following four-year period: 25% of the number of shares determined to be issuable pursuant to the award based on the level of achievement against the performance conditions vest on the Date Exercisable shown in Table II and 6.25% of such number of shares vest quarterly thereafter.
