CPI Card Group officer receives RSUs, pays taxes

CPI Card Group Inc. Controller & Chief Accounting Officer Donna Abbey Carmignani reported routine equity compensation activity involving restricted stock units (RSUs) and related tax withholding.

Rhea-AI Filing Summary

CPI Card Group Inc. Controller & Chief Accounting Officer Donna Abbey Carmignani reported routine equity compensation activity involving restricted stock units (RSUs) and related tax withholding. On May 29, she received a grant of 1,191 RSUs that will vest in three annual installments starting in 2027.

On May 30 and May 31, previously granted RSUs vested and were converted into 299 and 273 common shares, respectively, at a stated price of $0.00 per share. To cover mandatory tax withholding on these vestings, the issuer withheld 86 and 79 common shares at $16.97 per share, which the filing states are not open-market sales.

After these transactions, Carmignani directly holds 5,885 common shares and 1,191 RSUs. The filing shows no open-market purchases or sales, only RSU grants, vesting, and tax-related share withholding, which are typical elements of executive compensation.

Insider Trade Summary

572 shares exercised/converted

Exercise 7 txns

Insider Carmignani Donna Abbey

Role Controller & Chief Acct. Off.

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	273	$0.00	$0.00
Exercise	Common Stock	273	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	79	$16.97	$1K
Exercise	Restricted Stock Units	299	$0.00	$0.00
Exercise	Common Stock	299	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	86	$16.97	$1K
Grant/Award	Restricted Stock Units	1,191	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 2,058 contracts (Direct); Common Stock — 5,885 shares (Direct)

Footnotes (5)

1. F1. Each restricted stock unit ("RSU") represents the right to receive one common share of the Issuer upon vesting of such RSU.
2. F2. Shares withheld by Issuer to satisfy the mandatory tax withholding requirement upon vesting of RSUs. Not an open market sale of securities.
3. F3. Represents a restricted stock unit award which vests in three substantially equal installments on May 29, 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.
4. F4. This line reports RSUs that were awarded on the May 30, 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.
5. F5. This line reports RSUs that were awarded on the May 31, 2024 award date, which vested in substantially equal installments on the first and second anniversaries of the award date. The remaining RSUs granted on the award date will vest in a substantially equal installment 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.

Key Figures

New RSU grant: 1,191 RSUs RSUs exercised May 30: 299 shares RSUs exercised May 31: 273 shares +4 more

7 metrics

New RSU grant 1,191 RSUs Awarded May 29 as a restricted stock unit grant

RSUs exercised May 30 299 shares RSUs converted into common stock at $0.00 per share

RSUs exercised May 31 273 shares RSUs converted into common stock at $0.00 per share

Tax withholding shares 165 shares Shares withheld to satisfy mandatory tax obligations

Withholding price $16.97 per share Price used for tax-withholding dispositions on May 30–31

Common shares held 5,964 shares Direct common stock ownership after latest transaction

RSUs outstanding 1,191 RSUs Restricted stock units remaining after reported transactions

Key Terms

Restricted Stock Units, mandatory tax withholding requirement, open market sale of securities, grant, award, or other acquisition, +1 more

5 terms

Restricted Stock Units financial

"Each restricted stock unit ("RSU") represents the right to receive one common share of the Issuer upon vesting"

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 upon vesting of RSUs."

open market sale of securities financial

"Not an open market sale of securities."

grant, award, or other acquisition financial

"Grant, award, or other acquisition"

Exercise or conversion of derivative security financial

"Exercise or conversion of derivative security"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did CPI Card Group (PMTS) report for Donna Abbey Carmignani?

Donna Abbey Carmignani reported RSU grants, vesting, and tax withholding transactions. She received 1,191 new RSUs, had prior RSUs convert into common shares, and the issuer withheld 165 shares at $16.97 per share to satisfy mandatory tax obligations.

Did CPI Card Group (PMTS) show any open-market stock sales by Donna Abbey Carmignani?

The filing states there were no open-market stock sales. Shares were withheld by the issuer to cover mandatory tax withholding upon RSU vesting, which the document explicitly notes are not open-market sales of CPI Card Group common stock.

How many CPI Card Group (PMTS) shares does Donna Abbey Carmignani hold after these transactions?

After the reported transactions, Carmignani directly holds 5,964 common shares. In addition, she holds 1,191 restricted stock units, each representing the right to receive one CPI Card Group common share upon future vesting, subject to continued service conditions.

What new restricted stock unit award did Donna Abbey Carmignani receive from CPI Card Group (PMTS)?

She received a new award of 1,191 restricted stock units. According to the filing, this RSU grant vests in three substantially equal installments on May 29 of 2027, 2028, and 2029, contingent on her continued service or as otherwise provided in the award agreement.

How were previously granted RSUs for CPI Card Group (PMTS) vesting in 2026 treated?

Previously granted RSUs vested and converted into common shares in 2026. Awards originally granted in May 2024 and May 2025 vested in installments around their anniversaries, with shares issued and a portion withheld by the issuer to satisfy mandatory tax withholding requirements.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 06/02/2026 - 06:06 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Carmignani Donna Abbey

(Last) (First) (Middle)

C/O CPI CARD GROUP INC.

10368 WEST CENTENNIAL ROAD

(Street)

LITTLETON COLORADO 80127

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
CPI Card Group Inc. [ PMTS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Controller & Chief Acct. Off.

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/29/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/30/2026		M		299	A	(1)	5,777	D
Common Stock	05/30/2026		F(2)		86	D	$16.97	5,691	D
Common Stock	05/31/2026		M		273	A	(1)	5,964	D
Common Stock	05/31/2026		F(2)		79	D	$16.97	5,885	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	05/29/2026		A		1,191		(3)	(3)	Common Stock	1,191	$0	1,191	D
Restricted Stock Units	(1)	05/30/2026		M			299	(4)	(4)	Common Stock	299	$0	594	D
Restricted Stock Units	(1)	05/31/2026		M			273	(5)	(5)	Common Stock	273	$0	273	D

Explanation of Responses:

1. Each restricted stock unit ("RSU") represents the right to receive one common share of the Issuer upon vesting of such RSU.

2. Shares withheld by Issuer to satisfy the mandatory tax withholding requirement upon vesting of RSUs. Not an open market sale of securities.

3. Represents a restricted stock unit award which vests in three substantially equal installments on May 29, 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.

4. This line reports RSUs that were awarded on the May 30, 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.

5. This line reports RSUs that were awarded on the May 31, 2024 award date, which vested in substantially equal installments on the first and second anniversaries of the award date. The remaining RSUs granted on the award date will vest in a substantially equal installment 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.

	/s/ Darren Dragovich, attorney-in-fact	06/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)