Form 4: Cimpress EVP, Chief Financial Officer Sean Edward Quinn Reports Changes in Beneficial Ownership

Sean Edward Quinn, EVP and Chief Financial Officer of Cimpress plc, reports the vesting and disposal of ordinary shares related to restricted share units.

Summary

• On July 1, 2024, Sean Edward Quinn, the EVP and Chief Financial Officer of Cimpress plc, reported changes in beneficial ownership.
• He acquired 3,988 ordinary shares through the vesting of restricted share units (RSUs) at a price of $0 per share.
• Simultaneously, he disposed of 1,929 ordinary shares at a price of $87.61 per share.
• Following these transactions, Quinn directly owns 11,246 ordinary shares.
• The RSUs vest over a four-year period, with 25% vesting on the initial date and 25% vesting per year thereafter.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions by an executive, indicating a neutral sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It reflects standard practices for equity-based compensation.

Comparison to Industry Standards

• Executive compensation packages including RSUs are a standard practice among publicly traded companies like Cimpress.
• Companies such as Vistaprint (owned by Cimpress), Shutterfly, and other similar firms often use RSUs as part of their executive compensation to align management interests with shareholder value.
• The vesting schedule of 25% per year is also a common vesting schedule.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation adjustments.
• The filing provides transparency regarding executive stock ownership, which can influence investor confidence.

Key Dates