CPI Card Group (PMTS) CFO receives RSU and phantom stock awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Grantham Terra Lee reported acquisition or exercise transactions in this Form 4 filing.
CPI Card Group Inc. reported that Chief Financial Officer Terra Lee Grantham received new equity-based compensation awards. She was granted 5,165 phantom stock units, each economically equivalent to one common share and settling in cash based on average closing price and performance metrics at the end of the performance period.
She also received 16,295 restricted stock units, each representing the right to receive one common share upon vesting. These RSUs vest in three substantially equal installments on June 30, 2027, 2028, and 2029, contingent on her continued service or as otherwise provided in the award agreements.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Grantham Terra Lee
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 16,295 | $0.00 | -- |
| Grant/Award | Phantom Stock | 5,165 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 16,295 shares (Direct, null);
Phantom Stock — 12,714 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit ("RSU") represents the right to receive one common share of the Issuer upon vesting of such RSU. Represents a restricted stock unit award which vests in three substantially equal installments on June 30, 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. Each share of phantom stock is the economic equivalent of one share of the Issuer's common stock. The award is scheduled to vest shortly following the Expiration Date and settle in cash based on a combination of the average closing price of the Issuer's common stock during the last month of the performance period and the achievement of certain performance metrics during the performance period, subject to the reporting person's continuous service through the vesting date or as otherwise provided for in the applicable award agreement.
Key Figures
Phantom stock grant: 5,165 units
Phantom stock holdings after grant: 12,714 units
RSU grant: 16,295 units
+2 more
5 metrics
Phantom stock grant
5,165 units
Grant of phantom stock on 2026-06-30, each equals one common share economically
Phantom stock holdings after grant
12,714 units
Total phantom stock units following the 5,165-unit award
RSU grant
16,295 units
Restricted stock unit award on 2026-06-30, each for one common share
RSU vesting schedule
June 30, 2027/2028/2029
RSUs vest in three substantially equal annual installments
Phantom stock settlement basis
Average closing price, performance metrics
Cash settlement based on last month’s average price and performance during period
Key Terms
Restricted Stock Unit, phantom stock, performance period, vesting
4 terms
Restricted Stock Unit financial
"Represents a restricted stock unit award which vests in three substantially equal installments"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
phantom stock financial
"Each share of phantom stock is the economic equivalent of one share of the Issuer's common stock"
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
performance period financial
"during the last month of the performance period and the achievement of certain performance metrics"
The performance period is the specific time span over which an investment’s results, an employee’s targets, or a fund’s returns are measured and judged. It matters to investors because the length and start/end of that window determine which gains or losses count toward performance fees, bonus payouts, or benchmark comparisons—much like timing a race decides who wins, the chosen period can change whether results look strong or weak.
vesting financial
"upon vesting of such RSU"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What equity awards did CPI Card Group (PMTS) grant to its CFO?
CPI Card Group granted its CFO Terra Lee Grantham 5,165 phantom stock units and 16,295 restricted stock units. Both awards are equity-based compensation tied to the company’s common stock, subject to vesting and service or performance conditions described in the agreements.
How do the new RSU awards for CPI Card Group (PMTS) CFO vest?
The 16,295 restricted stock units vest in three substantially equal installments on June 30, 2027, June 30, 2028, and June 30, 2029. Vesting requires the CFO’s continued service through each date or satisfaction of alternative conditions in the applicable award agreement.
What is the structure of the phantom stock award at CPI Card Group (PMTS)?
Each phantom stock unit is economically equivalent to one common share but settles in cash. The award vests shortly after the stated expiration date and pays out based on average closing price during the last month of the performance period and achievement of defined performance metrics.
Are the new CPI Card Group (PMTS) CFO awards open-market stock purchases or sales?
The awards are not open-market transactions. They are equity-based compensation grants reported with transaction code A, indicating grants or awards, at a stated price of zero per unit, rather than discretionary market purchases or sales of existing company shares.