PMTS (CPI Card Group Inc.) director granted 2,164 RSUs and settles 1,072 into shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CPI Card Group Inc. director Ravi Mallela reported equity compensation activity involving restricted stock units and common shares. On March 31, 2026, he received a grant of 2,164 restricted stock units, each representing one share of common stock, which vest on the first anniversary of the award date, subject to continued service or the applicable award terms.
On the same date, he also exercised 1,072 restricted stock units from an award granted on March 31, 2025, which vested on the 12‑month anniversary of that award. These units converted into 1,072 shares of common stock at a price of $0.00 per share, increasing his directly held common stock position to 8,130 shares. No open‑market buys or sells were reported; the transactions reflect stock-based compensation and the vesting and settlement of prior awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,072 shares exercised/converted
Mixed
3 txns
Insider
Mallela Ravi
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 2,164 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,072 | $0.00 | -- |
| Exercise | Common Stock | 1,072 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 2,164 shares (Direct);
Common Stock — 8,130 shares (Direct)
Footnotes (1)
- Each restricted stock unit ("RSU") represents the right to receive one common share of the Issuer upon vesting of such RSU. The 2,164 RSUs reported on this line vest on the first anniversary of the March 31, 2026 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 100% of the RSUs that were awarded on the March 31, 2025 award date, which vested on the 12 month anniversary of the award date.
Key Figures
New RSU grant: 2,164 RSUs
RSUs exercised: 1,072 RSUs
Common shares received: 1,072 shares
+2 more
5 metrics
New RSU grant
2,164 RSUs
Awarded March 31, 2026; each converts into one common share upon vesting
RSUs exercised
1,072 RSUs
From March 31, 2025 award; vested after 12 months and converted
Common shares received
1,072 shares
Shares of common stock issued upon RSU exercise at $0.00 per share
Post-transaction holdings
8,130 shares
Total CPI Card Group Inc. common stock held directly after transactions
Exercise price
$0.00 per share
Conversion of vested restricted stock units into common stock
Key Terms
Restricted Stock Units, vesting, derivative security
3 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.
vesting financial
"RSUs reported on this line vest on the first anniversary of the March 31, 2026 award date"
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.
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.
FAQ
What insider transactions did PMTS director Ravi Mallela report?
Ravi Mallela reported a grant of 2,164 restricted stock units and the exercise of 1,072 previously granted units into common stock. These actions reflect stock-based compensation vesting and settlement, with no open-market buying or selling disclosed in this Form 4.
How many restricted stock units did PMTS grant to Ravi Mallela?
CPI Card Group granted Ravi Mallela 2,164 restricted stock units on March 31, 2026. Each RSU represents one share of common stock and will vest on the first anniversary of the award date, subject to his continued service or the award agreement terms.
When do Ravi Mallela’s new PMTS restricted stock units vest?
The 2,164 restricted stock units awarded to Ravi Mallela vest on the first anniversary of the March 31, 2026 award date. Vesting is conditioned on his continued service through that date or as otherwise provided in the applicable award agreement for the grant.
What RSU award did Ravi Mallela exercise into PMTS common stock?
He exercised 1,072 restricted stock units that were originally awarded on March 31, 2025. According to the filing, those RSUs vested on the 12‑month anniversary of the 2025 award date, and then converted into an equal number of shares of common stock.
Were there any open-market PMTS stock purchases or sales in this Form 4?
No open-market purchases or sales were reported. The Form 4 only shows an RSU grant and the exercise of previously granted restricted stock units into common shares at a price of $0.00 per share, which are typical compensation-related equity transactions.