CPI Card Group (PMTS) legal chief gets 2,287 RSUs, 562 vest with tax shares withheld
Rhea-AI Filing Summary
CPI Card Group Inc. reported routine equity compensation activity for Chief Legal/Compliance Officer Darren Dragovich. He received a grant of 2,287 restricted stock units (RSUs) on May 29, 2026, each representing one share of common stock upon vesting. These RSUs vest in three substantially equal installments on May 29, 2027, May 29, 2028, and May 29, 2029, subject to continued service.
On May 30, 2026, 562 previously granted RSUs vested and were converted into 562 shares of common stock. Of these, 162 shares were withheld by the issuer to satisfy mandatory tax withholding, which the filing states is not an open market sale. After these transactions, Dragovich directly held 3,519 common shares and 2,287 RSUs.
Positive
- None.
Negative
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Insider Trade Summary
Net Buyer: 400 shares
Net Buy
4 txns
Insider
Dragovich Darren
Role
Chief Legal/Compliance Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 562 | $0.00 | $0.00 |
| Exercise | Common Stock | 562 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 162 | $16.97 | $3K |
| Grant/Award | Restricted Stock Units | 2,287 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 3,405 shares (Direct);
Common Stock — 3,519 shares (Direct)
Footnotes (4)
- F1. Each restricted stock unit ("RSU") represents the right to receive one common share of the Issuer upon vesting of such RSU.
- F2. Shares withheld by Issuer to satisfy the mandatory tax withholding requirement upon vesting of RSUs. Not an open market sale of securities.
- F3. Represents a restricted stock unit award which vests in three substantially equal installments on May 29, 2027, 2028, and 2029, subject to the reporting person's continued service through such date or as otherwise provided for in the applicable award agreement.
- F4. This line reports RSUs that were awarded on the May 30, 2025 award date, which vested on the first anniversary of the award date. The remaining RSUs granted on the award date will vest in substantially equal installments on the second and third anniversaries of the award date, subject to the reporting person's continued service through such date or as otherwise provided for in the applicable award agreement.
Key Figures
Tax-withheld shares: 162 shares
Vested RSUs converted: 562 shares
New RSU grant: 2,287 RSUs
+3 more
6 metrics
Tax-withheld shares
162 shares
Shares withheld to satisfy mandatory tax withholding on RSU vesting
Vested RSUs converted
562 shares
RSUs vested and converted into common stock on May 30, 2026
New RSU grant
2,287 RSUs
Restricted stock unit award granted on May 29, 2026
Common shares after exercise
3,681 shares
Direct common stock holdings after RSU vesting and tax withholding
RSUs outstanding after grant
2,287 RSUs
Unvested restricted stock units held after the reported transactions
Tax withholding transaction price
$16.97 per share
Value used for 162 shares withheld for tax obligations
Key Terms
Restricted Stock Units, tax withholding, derivative security, grant, award, or other acquisition
4 terms
Restricted Stock Units financial
"Each restricted stock unit ("RSU") represents the right to receive one common share of the Issuer upon vesting of such RSU."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding financial
"Shares withheld by Issuer to satisfy the mandatory tax withholding requirement upon vesting of RSUs."
Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
grant, award, or other acquisition financial
"Grant, award, or other acquisition"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did CPI Card Group (PMTS) disclose for Darren Dragovich?
CPI Card Group disclosed that Darren Dragovich received 2,287 new RSUs and had 562 previously granted RSUs vest into common shares. A portion of the vested shares was withheld to cover tax obligations, and no open market sale was reported.
How many restricted stock units were granted to the CPI Card Group (PMTS) officer?
The filing shows a grant of 2,287 restricted stock units to Darren Dragovich. Each RSU represents the right to receive one share of CPI Card Group common stock upon vesting, subject to his continued service under the applicable award agreement.
When will the newly granted RSUs for CPI Card Group (PMTS) vest?
The 2,287 RSUs granted to Darren Dragovich vest in three substantially equal installments on May 29, 2027, May 29, 2028, and May 29, 2029. Vesting is conditioned on his continued service or other terms in the award agreement.
What RSU vesting occurred for CPI Card Group (PMTS) on May 30, 2026?
On May 30, 2026, 562 restricted stock units previously awarded to Darren Dragovich vested and converted into 562 common shares. The filing notes these RSUs were from a May 30, 2025 award with remaining tranches vesting on later anniversaries.