CMPR insider award: 26,407 PSUs tied to 2025 performance metrics
Rhea-AI Filing Summary
Sean E. Quinn, EVP and Chief Financial Officer of Cimpress plc, was reported to have received 26,407 performance share units (PSUs). The Compensation Committee determined the number of shares issuable under a PSU award that was granted on 08/15/2024 based on performance for the fiscal year ended 06/30/2025. Each PSU represents Cimpress' commitment to issue one ordinary share if performance conditions are met. The PSUs were recorded on 08/07/2025, are directly owned, become partly exercisable on 08/15/2025, vest 25% then and 6.25% quarterly thereafter, and expire on 08/15/2028.
Positive
- 26,407 performance share units were awarded and determined issuable by the Compensation Committee
- PSUs are explicitly tied to revenue, adjusted EBITDA, and unlevered free cash flow, aligning pay with company performance
Negative
- None.
Insights
TL;DR: Executive received performance-based equity tied to revenue, adjusted EBITDA and unlevered free cash flow.
The Form 4 reports a material grant of 26,407 PSUs to the CFO, awarded under a plan with explicit performance conditions (revenue, adjusted EBITDA, unlevered free cash flow) for the fiscal year ended 06/30/2025. The committee approved the number issuable on 08/07/2025, confirming achievement levels against stated metrics. Vesting is multi-year (25% at first exercisable date, then 6.25% quarterly), aligning pay realization with continued service and multi-period performance outcomes. This structure is typical for aligning executive incentives with near- and multi-year company financial targets.
TL;DR: Filing discloses a standard performance-based equity issuance with direct beneficial ownership and a multi-year vesting schedule.
The reported transaction is a non-cash equity award (PSUs) convertible into ordinary shares upon satisfaction of performance goals. The form records direct beneficial ownership and specifies exercisable and expiration dates (08/15/2025 exercisable start; 08/15/2028 expiration). From a disclosure perspective, the Form 4 provides the required material details: award origin date, performance metrics, number of units determined, vesting cadence, and ownership form. There are no indications of sales or derivative dispositions in this filing.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Share Units | 26,407 | $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.