CPI Card Group (PMTS) Form 4 Shows RSU Vesting and Shares Withheld at $15.58
Rhea-AI Filing Summary
Jeffrey Hochstadt, Chief Financial Officer of CPI Card Group Inc. (PMTS), reported several equity transactions between 08/29/2025 and 08/31/2025. Restricted stock units (RSUs) were issued and/or vested: 6,005 RSUs were acquired on 08/29/2025, and additional RSUs of 1,040 and 3,509 were acquired on 08/30/2025 and 08/31/2025 respectively. The report shows mandatory withholding of shares to satisfy tax obligations: 300 shares withheld on 08/30/2025 and 1,010 shares withheld on 08/31/2025 at a share price of $15.58. Following the reported transactions, common stock beneficial ownership amounts are disclosed on each line (for example, 21,391 and 20,381 shares on certain lines). The filing includes vesting schedules for the RSU awards showing staged vesting over one to three years and confirms withheld shares were not open market sales.
Positive
- RSU vesting increased insider ownership, with 6,005 RSUs acquired on 08/29/2025 and additional RSUs on 08/30/2025 and 08/31/2025.
Negative
- Mandatory tax withholding reduced net shares issued (300 shares on 08/30/2025 and 1,010 shares on 08/31/2025 at $15.58 per share).
Insights
TL;DR: Routine executive equity vesting and tax withholding; no insider sales reported.
The Form 4 reflects scheduled vesting of RSU awards and corresponding tax-withholding share dispositions rather than market sales. Vesting schedules disclosed indicate multi-year service-based vesting (33.4% then 33.3% tranches). The transactions are standard compensation-related events and do not indicate discretionary insider selling or new option grants beyond the RSU vesting reported.
TL;DR: Incremental insider accumulation through vesting; withheld shares reduced net issued shares.
The filing records acquisitions of RSUs that convert to common shares upon vesting and shows shares withheld to satisfy taxes at $15.58 per share on two dates. Reported beneficial ownership totals in each line provide a snapshot of the reporting person’s holdings after each event. These are routine corporate compensation mechanics with limited immediate market impact.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,041 | $0.00 | -- |
| Exercise | Restricted Stock Units | 2,468 | $0.00 | -- |
| Exercise | Common Stock | 3,509 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,010 | $15.58 | $16K |
| Exercise | Restricted Stock Units | 1,040 | $0.00 | -- |
| Exercise | Common Stock | 1,040 | $0.00 | -- |
| Tax Withholding | Common Stock | 300 | $15.58 | $5K |
| Grant/Award | Restricted Stock Units | 6,005 | $0.00 | -- |
Footnotes (1)
- Each restricted stock unit ("RSU") represents the right to receive one common share of the Issuer upon vesting of such RSU. Shares withheld by Issuer to satisfy the mandatory tax withholding requirement upon vesting of RSUs. Not an open market sale of securities. 33.4% of the RSUs reported on this line vest on the first anniversary of the August 29, 2025 award date, 33.3% will vest on the second anniversary of the award date, and 33.3% will vest on the third anniversary 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. This line reports 33.4% of the RSUs that were awarded on the August 30, 2024 award date, which vested on the first anniversary of the award date. The subsequent 33.3% will vest on the second anniversary of the award date, and the remaining 33.3% will vest on the third anniversary 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. This line reports the remaining 50% of the RSUs that were awarded on the August 31, 2023 award date, which vested on the second anniversary of the award date. This line reports 33.3% of the RSUs that were awarded on the August 31, 2023 award date, which vested on the second anniversary of the award date. The remaining 33.3% will vest on the third anniversary 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.
