CPI Card CTO granted 1,907 RSUs, 1,046 vested
CPI Card Group withheld 301 shares at $28.83 each for tax from CTO Ernesto Boada’s vested RSUs, rather than an open-market sale.
Rhea-AI Filing Summary
CPI Card Group Inc. (PMTS) reported equity compensation and related share movements for Chief Technology Officer Ernesto Boada. On August 31, 2026, Boada received a grant of 1,907 Restricted Stock Units, each representing one share of common stock, vesting in three substantially equal installments on August 31, 2027, 2028, and 2029, subject to continued service or the award agreement terms.
On August 29, 2026, 1,046 RSUs from an award originally granted on August 29, 2025 vested and were converted into 1,046 common shares. In connection with this vesting, 301 common shares were withheld by CPI Card Group Inc. at a price of $28.83 per share to satisfy mandatory tax withholding requirements, which was not an open market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,046 shares exercised/converted
Exercise
4 txns
Insider
Boada Ernesto
Role
Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units F1, F4 | 1,907 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F1, F3 | 1,046 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 1,046 | -- | -- |
| Tax Withholding | Common Stock F2 | 301 | $28.83 | $9K |
Holdings After Transaction:
Restricted Stock Units — 3,993 contracts (Direct);
Common Stock — 5,438 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
New RSU grant: 1,907 Restricted Stock Units
RSUs vested and converted: 1,046 Restricted Stock Units / 1,046 common shares
Shares withheld for taxes: 301 common shares
+3 more
6 metrics
New RSU grant
1,907 Restricted Stock Units
Granted to Chief Technology Officer Ernesto Boada on August 31, 2026
RSUs vested and converted
1,046 Restricted Stock Units / 1,046 common shares
RSUs awarded on August 29, 2025 that vested on August 29, 2026
Shares withheld for taxes
301 common shares
Withheld upon RSU vesting on August 29, 2026 to satisfy tax withholding
Tax withholding price per share
$28.83 per share
Price used for 301 shares withheld for mandatory tax withholding
RSU-to-share ratio
1 RSU : 1 common share
Each RSU represents the right to receive one common share upon vesting
Future vesting installments (2025 award)
Remaining RSUs vest in 2 installments
Unvested RSUs from August 29, 2025 award vest on its second and third anniversaries
Key Terms
Restricted Stock Units, mandatory tax withholding requirement, vesting, 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 common share"
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"
vesting financial
"represents the right to receive one common share of the Issuer upon vesting"
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.
exercise or conversion of derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security"
award agreement financial
"as otherwise provided for in the applicable award agreement"
An award agreement is a legal contract that spells out the terms of a pay or equity grant—such as stock options, restricted shares, or cash bonuses—given to an employee, director or consultant. It describes what is being granted, any conditions for keeping it (for example, earning it over time or meeting performance targets), and what happens if the person leaves or breaks rules. Investors care because these agreements affect company costs, potential share dilution and how executives are motivated and rewarded.
FAQ
What new equity award did PMTS grant to Ernesto Boada?
Ernesto Boada received a grant of 1,907 Restricted Stock Units, each representing one share of CPI Card Group Inc. common stock. These RSUs vest in three substantially equal installments on August 31, 2027, 2028, and 2029, subject to his continued service or the award agreement terms.
What RSUs vested for Ernesto Boada at CPI Card Group Inc. (PMTS)?
On August 29, 2026, 1,046 Restricted Stock Units previously awarded on August 29, 2025 vested and were converted into 1,046 shares of CPI Card Group Inc. common stock, consistent with the original award’s vesting schedule.
Were Ernesto Boada’s recent PMTS transactions open market purchases or sales?
No. The reported transactions involve RSU grants, RSU vesting and conversion into common shares, and shares withheld to satisfy tax obligations. The filing specifies the tax-related share withholding was not an open market sale.
Does the Form 4 for PMTS indicate a 10b5-1 trading plan for Ernesto Boada?
No. The filing’s Rule 10b5-1 checkbox is explicitly unchecked (aff_10b5_one: false), and the footnotes do not describe any transactions as being made pursuant to a Rule 10b5-1 trading plan.
What is the vesting schedule of Ernesto Boada’s new RSU award at PMTS?
The 1,907 RSU award vests in three substantially equal installments on August 31, 2027, August 31, 2028, and August 31, 2029, subject to Ernesto Boada’s continued service or as otherwise provided in the applicable award agreement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
