Form 4: Cimpress Executive Florian Baumgartner Reports Share Transactions
SEC Form 4 Filing
Florian Baumgartner, EVP and CEO of Vista at Cimpress, reports the vesting of restricted share units and subsequent disposition of shares to cover tax obligations.
Summary
- On October 15, 2024, Florian Baumgartner, EVP and CEO of Vista at Cimpress, reported transactions involving Cimpress plc ordinary shares.
- Baumgartner acquired 1,025 ordinary shares through the vesting of restricted share units (RSUs) at a price of $0 per share.
- Simultaneously, Baumgartner disposed of 487 shares at a price of $81.85 per share to satisfy tax obligations related to the RSU vesting.
- Following these transactions, Baumgartner directly owns 31,559 ordinary shares.
- He also holds 9,230 restricted share units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing share transactions by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting transactions by company insiders, providing transparency to investors regarding executive compensation and ownership changes.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 01/15/2024 | Date exercisable for Restricted Share Units |
| 10/15/2024 | Date of transaction: vesting of RSUs and disposition of shares |
| 01/15/2027 | Expiration date for Restricted Share Units |
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