Form 4: Cimpress Executive Florian Baumgartner Reports Share Transactions
SEC Form 4 Filing
Florian Baumgartner, EVP and CEO of Vista at Cimpress, reports the acquisition and disposal of ordinary shares and restricted share units on August 15, 2024, according to a Form 4 filing.
Summary
- On August 15, 2024, Florian Baumgartner, EVP and CEO of Vista at Cimpress plc, filed a Form 4 detailing changes in beneficial ownership.
- The transactions involve the acquisition of ordinary shares through the vesting of restricted share units (RSUs) and performance share units.
- Baumgartner acquired 1,832 shares, 834 shares, 935 shares, 1,691 shares and 14,200 shares through vesting of RSUs and performance share units.
- He also disposed of 9,256 shares at a price of $85.05.
- Following these transactions, Baumgartner directly owns 40,277 ordinary shares.
- He also holds derivative securities including 3,664 restricted share units from 2021, 934 restricted share units from 2022, 13,528 restricted share units from 2023 and 42,600 performance share units.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing represents routine transactions related to executive compensation. The vesting of shares is generally a positive sign, but the disposal of some shares offsets this.
Positives
- The vesting of RSUs and performance share units indicates that Baumgartner is meeting certain performance criteria or time-based milestones set by the company.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into the trading activities of company insiders. These filings are closely watched by investors to gauge management's sentiment and alignment with shareholder interests.
Stakeholder Impact
- The transactions may have a minor impact on shareholders by slightly increasing the number of outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 05/15/2021 | Date exercisable for 1,832 Restricted Share Units |
| 08/15/2021 | Date exercisable for 834 Restricted Share Units |
| 08/15/2022 | Date exercisable for 935 Restricted Share Units |
| 08/15/2023 | Date exercisable for 1,691 Restricted Share Units |
| 08/15/2024 | Date of earliest transaction and filing date; vesting of RSUs and PSUs; disposal of shares |
| 02/15/2025 | Expiration date for 1,832 Restricted Share Units |
| 08/15/2024 | Expiration date for 834 Restricted Share Units |
| 08/15/2025 | Expiration date for 935 Restricted Share Units |
| 08/15/2026 | Expiration date for 1,691 Restricted Share Units |
| 08/15/2027 | Expiration date for 14,200 Performance Share Units |
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