Robert S. Keane - Nov 16, 2022 Form 4 Insider Report for CIMPRESS plc (CMPR)

Role
CEO, Chairman, Director
Signature
/s/Kathryn L. Leach, as attorney-in fact-for Robert Keane
Stock symbol
CMPR
Transactions as of
Nov 16, 2022
Transactions value $
$0
Form type
4
Date filed
11/17/2022, 03:59 PM
Previous filing
Aug 24, 2022
Next filing
Dec 6, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CMPR Performance Share Units Award $0 +73.4K $0.00 73.4K Nov 16, 2022 Ordinary Shares 73.4K $78.82 Direct F1, F2
transaction CMPR Performance Share Unit Award $0 +1.59K $0.00 1.59K Nov 16, 2022 Ordinary Shares 1.59K $78.82 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This dollar amount is the three-year moving average (3YMA) on the date of grant, which is the baseline against which the compound annual growth rate (CAGR) of the 3YMA will be measured.
F2 Each performance share unit (PSU) represents a right to receive between 0 and 2.5 Cimpress ordinary shares upon the satisfaction of both (A) service-based vesting and (B) performance conditions relating to the CAGR of the 3YMA. The service-based vesting condition is that 25% of the original number of PSUs vest on each June 30 of 2023 through 2026 so long as the reporting person continues to be an eligible participant under Cimpress' 2020 Equity Incentive Plan on such vesting date. If the 3YMA CAGR equals or exceeds 11% on any of the sixth through tenth anniversaries of the grant date then the reporting person is entitled to receive a distribution of up to 2.5 Cimpress ordinary shares for each vested PSU on a sliding scale based on the actual CAGR performance.
F3 Each PSU represents a right to receive between 0 and 2.5 Cimpress ordinary shares upon the satisfaction of both (A) service-based vesting and (B) performance conditions relating to the CAGR of the 3YMA. The service-based vesting condition is that 25% of the original number of PSUs vest on each November 15 of 2023 through 2026 so long as the reporting person continues to be an eligible participant under Cimpress' 2020 Equity Incentive Plan on such vesting date. If the 3YMA CAGR equals or exceeds 11% on any of the sixth through tenth anniversaries of the grant date then the reporting person is entitled to receive a distribution of up to 2.5 Cimpress ordinary shares for each vested PSU on a sliding scale based on the actual CAGR performance.