PMTS HR chief receives RSU and phantom stock grants
CPI Card Group Inc. reported routine equity compensation activity for Chief Human Resources Officer Sonya Vollmer.
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Form Type
4
Rhea-AI Filing Summary
CPI Card Group Inc. reported routine equity compensation activity for Chief Human Resources Officer Sonya Vollmer. She received 2,077 restricted stock units, each convertible into one common share upon vesting, and 7,628 phantom stock units that are economically equivalent to common shares and settle in cash based on performance and average closing price.
Vollmer also exercised 355 restricted stock units into 355 common shares. Of these, 87 shares were withheld by the company at $14.51 per share to cover mandatory tax obligations, leaving her with 7,980 common shares directly held after the transactions.
Insider Trade Summary
355 shares exercised/converted
Exercise
5 txns
Insider
VOLLMER SONYA
Role
Chief Human Resources Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 2,077 | $0.00 | $0.00 |
| Grant/Award | Phantom Stock | 7,628 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 355 | $0.00 | $0.00 |
| Exercise | Common Stock | 355 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 87 | $14.51 | $1K |
Holdings After Transaction:
Restricted Stock Units — 2,785 contracts (Direct);
Phantom Stock — 7,628 contracts (Direct);
Common Stock — 7,980 shares (Direct)
Footnotes (5)
- 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 March 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.
- F4. 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.
- F5. This line reports RSUs that were awarded on the March 31, 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
RSU grant: 2,077 units
Phantom stock grant: 7,628 units
RSUs exercised: 355 units
+4 more
7 metrics
RSU grant
2,077 units
New restricted stock unit award to Sonya Vollmer
Phantom stock grant
7,628 units
Phantom stock units economically equivalent to common shares
RSUs exercised
355 units
RSUs converted into common stock
Shares withheld for tax
87 shares at $14.51
Mandatory tax withholding on RSU vesting
Common shares held
7,980 shares
Direct common stock holdings after transactions
Phantom stock vesting date
December 31, 2028
Award scheduled to vest and settle in cash shortly after
RSU vesting schedule
2027–2029
Three substantially equal installments each March 31
Key Terms
Restricted Stock Units, Phantom Stock, mandatory tax withholding requirement, performance metrics, +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.
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.
mandatory tax withholding requirement financial
"Shares withheld by Issuer to satisfy the mandatory tax withholding requirement upon vesting of RSUs"
performance metrics financial
"based on a combination of the average closing price ... and the achievement of certain performance metrics"
Performance metrics are concrete numbers or ratios that show how well a business, product, or investment is doing—like speed, fuel use and mileage on a car’s dashboard. They measure things investors care about, such as sales growth, profitability, cash flow, customer retention or efficiency, so readers can compare progress, spot strengths or problems, and make informed decisions about buying, holding or selling 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did PMTS executive Sonya Vollmer receive in this Form 4?
Sonya Vollmer received equity-based compensation, including 2,077 restricted stock units and 7,628 phantom stock units. These awards are tied to future vesting dates and, for phantom stock, to performance metrics and average share price over a defined performance period.
What are the terms of Sonya Vollmer’s new restricted stock units at PMTS?
The new award of 2,077 restricted stock units is scheduled to vest in three substantially equal installments on March 31, 2027, 2028, and 2029, subject to her continued service or other conditions specified in the applicable award agreement.
How does the phantom stock award for PMTS’s Sonya Vollmer work?
Each of the 7,628 phantom stock units is economically equivalent to one share of common stock. The award will vest and settle in cash after December 31, 2028, based on average closing price and achievement of specified performance metrics over the performance period.
Was there any open-market buying or selling of PMTS stock by Sonya Vollmer?
No open-market purchases or sales were reported. The only disposition was 87 shares withheld by the company at $14.51 per share to cover mandatory tax withholding upon restricted stock unit vesting, which is not an open-market transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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