EVP of Vistaprint N.V. was just granted 22,952 restricted shares

Sean Edward Quinn, EVP of Vistaprint N.V., just received 22,952 restricted shares from the company. The restricted shares don't become available to Quinn until August 15, 2027. Quinn now owns at least 22,952 restricted shares of the company.

Some additional info was provided as follows:

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. Each of these performance share units (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 origi nal number of PSUs vest on each June 30 of 2020 through 2023 so long as the reporting person continues to be an eligible participant under Cimpress' 2016 Performance Incentive Plan on such vesting date. If the 3YMA CAGR equals or exceeds (i) 9% on any of the fourth through seventh anniversaries of the grant date or (ii) 7% on the eighth anniversary 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.

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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Other recent filings from the company include the following:

EVP of Vistaprint N.V. just picked up 433 shares - Dec. 5, 2019
Securities to be offered to employees in employee benefit plans, post-effective amendments - Dec. 3, 2019
Notification that a class of securities of successor issuer is deemed to be registered pursuant to section 12(b), items 1.01, 2.01, 3.02, 3.03, 5.01, 5.02, and 9.01 - Dec. 3, 2019
Securities to be offered to employees in employee benefit plans, post-effective amendments - Dec. 3, 2019
Securities to be offered to employees in employee benefit plans, post-effective amendments - Dec. 3, 2019

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