CPI Card legal chief vests 785 RSUs, gets 1,361
Dragovich’s RSUs vested Aug. 29 and 346 shares were withheld for taxes at $28.83, not via open-market sale; he also received 1,361 RSUs.
Rhea-AI Filing Summary
CPI Card Group Inc. (PMTS) reported equity compensation transactions by Chief Legal/Compliance Officer Darren Dragovich. On August 29, 2026, 785 Restricted Stock Units vested and were converted into 785 common shares, and 346 of those shares were withheld at $28.83 per share to satisfy mandatory tax withholding, not as an open-market sale. On August 31, 2026, Dragovich received a new grant of 1,361 Restricted Stock Units, each representing one common share, scheduled to vest in three substantially equal installments on August 31, 2027, 2028, and 2029, subject to continued service or the applicable award agreement.
Positive
- None.
Negative
- None.
Insider Trade Summary
785 shares exercised/converted
Exercise
4 txns
Insider
Dragovich Darren
Role
Chief Legal/Compliance Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units F1, F4 | 1,361 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F1, F3 | 785 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 785 | -- | -- |
| Tax Withholding | Common Stock F2 | 346 | $28.83 | $10K |
Holdings After Transaction:
Restricted Stock Units — 2,925 contracts (Direct);
Common Stock — 3,958 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 RSUs. Not an open market sale of securities.
- F3. This line reports RSUs that were awarded on the August 29, 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.
- F4. Represents a restricted stock unit award which vests in three substantially equal installments on August 31, 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.
Key Figures
RSUs vested and converted: 785 shares
Shares withheld for taxes: 346 shares
Tax withholding price per share: $28.83 per share
+3 more
6 metrics
RSUs vested and converted
785 shares
Restricted Stock Units converted into common stock on August 29, 2026
Shares withheld for taxes
346 shares
Common shares withheld to satisfy mandatory tax withholding on RSU vesting
Tax withholding price per share
$28.83 per share
Value used for shares withheld to satisfy tax obligations
New RSU award
1,361 RSUs
Restricted Stock Units granted on August 31, 2026
New RSU vesting dates
August 31, 2027; 2028; 2029
Three substantially equal installments, subject to continued service
RSU-to-share ratio
1 RSU : 1 common share
Each RSU represents the right to receive one common share upon vesting
Key Terms
Restricted Stock Units, mandatory tax withholding requirement, vests in three substantially equal installments, exercise or conversion of derivative security, +1 more
5 terms
Restricted Stock Units financial
"Each restricted stock unit ("RSU") represents the right to receive one"
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.
mandatory tax withholding requirement financial
"Shares withheld by Issuer to satisfy the mandatory tax withholding requirement"
vests in three substantially equal installments financial
"Represents a restricted stock unit award which vests in three substantially equal"
exercise or conversion of derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security"
applicable award agreement financial
"as otherwise provided for in the applicable award agreement"
FAQ
What insider transactions did PMTS officer Darren Dragovich report on this Form 4?
Darren Dragovich reported vesting and conversion of 785 RSUs into 785 common shares on August 29, 2026, withholding 346 shares for taxes at $28.83 per share, and receiving a new grant of 1,361 RSUs on August 31, 2026.
What new RSU award did Darren Dragovich receive from CPI Card Group (PMTS)?
Darren Dragovich received a new award of 1,361 Restricted Stock Units, each representing one common share. The award vests in three substantially equal installments on August 31, 2027, 2028, and 2029, subject to continued service or the applicable award agreement.
When did the previously granted RSUs for PMTS vest for Darren Dragovich?
The reported RSUs were awarded on August 29, 2025 and vested on the first anniversary of the award date, August 29, 2026. Remaining RSUs from that 2025 award vest in substantially equal installments on the second and third anniversaries, subject to continued service.
Were Darren Dragovich’s PMTS transactions made under a Rule 10b5-1 plan?
The filing indicates the Rule 10b5-1 checkbox is not marked for these transactions, and the footnotes do not describe any Rule 10b5-1 trading plan for Darren Dragovich.
AI-generated analysis. How Rhea-AI works. Not financial advice.
