CPI Card CEO logs RSU vesting and tax share swap
CPI Card Group Inc. President and CEO John Lowe reported routine equity-compensation transactions involving restricted stock units.
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Form Type
4
Rhea-AI Filing Summary
CPI Card Group Inc. President and CEO John Lowe reported routine equity-compensation transactions involving restricted stock units. On June 9, 2026, 3,401 restricted stock units vested and were exercised into 3,401 shares of common stock. In connection with this vesting, 1,496 shares of common stock were disposed of at $18.48 per share to satisfy mandatory tax withholding obligations, which the company notes was not an open-market sale. Following these transactions, Lowe directly holds 69,667 shares of common stock.
Insider Trade Summary
3,401 shares exercised/converted
Exercise
3 txns
Insider
LOWE JOHN
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 3,401 | $0.00 | $0.00 |
| Exercise | Common Stock | 3,401 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,496 | $18.48 | $28K |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Common Stock — 69,667 shares (Direct)
Footnotes (3)
- 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. This line reports RSUs that were awarded on the June 9, 2023 award date, which vested in substantially equal installments on the first, second and third anniversaries of the award date.
Key Figures
RSUs vested and exercised: 3,401 units/shares
Shares withheld for taxes: 1,496 shares
Withholding price per share: $18.48 per share
+1 more
4 metrics
RSUs vested and exercised
3,401 units/shares
Restricted stock units converting to common stock on June 9, 2026
Shares withheld for taxes
1,496 shares
Mandatory tax withholding upon RSU vesting
Withholding price per share
$18.48 per share
Value used for tax-withholding disposition of 1,496 shares
Shares held after transactions
69,667 shares
Direct common stock ownership following June 9, 2026 transactions
Key Terms
Restricted Stock Units, tax withholding, derivative security, open market sale
4 terms
Restricted Stock Units financial
"This line reports RSUs that were awarded on the June 9, 2023 award date"
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.
open market sale financial
"Not an open market sale of securities"
An open market sale is when a company or a shareholder sells shares through the regular stock market to any willing buyer, using ordinary exchange trading rather than private deals. It matters to investors because it increases the number of shares available and can push the price down or change ownership balance—think of it like someone putting extra items on a supermarket shelf for any shopper to buy, which can lower the item's price if supply suddenly grows.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did CPI Card Group (PMTS) CEO John Lowe report in this Form 4?
John Lowe reported routine equity-compensation activity, including the vesting and exercise of 3,401 restricted stock units into common stock and a related tax-withholding share disposition, with no open-market stock sale disclosed in the filing.
How many CPI Card Group (PMTS) RSUs vested for CEO John Lowe?
A total of 3,401 restricted stock units vested for John Lowe, each RSU converting into one share of CPI Card Group common stock, reflecting a scheduled equity award rather than an open-market stock purchase or sale transaction.
What does transaction code F mean in John Lowe’s CPI Card Group (PMTS) filing?
Transaction code F indicates a tax-withholding disposition, where 1,496 shares were delivered to satisfy tax obligations tied to equity compensation vesting, rather than a discretionary open-market sale initiated by the insider.
What does transaction code M represent in this CPI Card Group (PMTS) Form 4?
Transaction code M reflects the exercise or conversion of a derivative security. Here, 3,401 restricted stock units were converted into 3,401 shares of CPI Card Group common stock when the RSUs vested as part of John Lowe’s compensation.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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