CPI Card interim CFO receives new stock awards
CPI Card Group interim CFO Terra Lee Grantham reported multiple equity compensation events.
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Form Type
4
Rhea-AI Filing Summary
CPI Card Group interim CFO Terra Lee Grantham reported multiple equity compensation events. She received 2,055 restricted stock units, which each convert into one common share upon vesting, plus 7,549 phantom stock units that will vest around December 31, 2028 and settle in cash based on share price and performance metrics. She also exercised 296 RSUs into 296 common shares, with 86 of those shares withheld by the company at $14.51 per share to cover mandatory taxes, leaving her with 15,164 common shares directly held. A footnote also corrects prior vesting dates disclosed in her earlier Form 3.
Insider Trade Summary
296 shares exercised/converted
Exercise
5 txns
Insider
Grantham Terra Lee
Role
Interim Chief Financial Off.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 2,055 | $0.00 | $0.00 |
| Grant/Award | Phantom Stock | 7,549 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 296 | $0.00 | $0.00 |
| Exercise | Common Stock | 296 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 86 | $14.51 | $1K |
Holdings After Transaction:
Restricted Stock Units — 2,643 contracts (Direct);
Phantom Stock — 7,549 contracts (Direct);
Common Stock — 15,164 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. This footnote corrects the dates set forth in the reporting person's Form 3 filed with the SEC on March 4, 2026.
Key Figures
RSU grant: 2,055 units
Phantom stock grant: 7,549 units
RSUs exercised: 296 units
+4 more
7 metrics
RSU grant
2,055 units
Restricted stock units awarded on March 31, 2026
Phantom stock grant
7,549 units
Phantom stock awarded on March 31, 2026, vesting around Dec 31, 2028
RSUs exercised
296 units
Converted into 296 common shares on March 31, 2026
Shares withheld for taxes
86 shares at $14.51
Withheld to satisfy tax on RSU vesting, not an open-market sale
Common shares held
15,164 shares
Direct common stock holdings following transactions
RSUs outstanding
2,055 units
Total restricted stock units held after reported grant
Phantom stock outstanding
7,549 units
Total phantom stock units held after reported grant
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 during the performance period"
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.
vesting financial
"award which vests in three substantially equal installments on March 31, 2027, 2028, and 2029"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity awards did CPI Card (PMTS) interim CFO Terra Lee Grantham receive?
Terra Lee Grantham received 2,055 restricted stock units and 7,549 phantom stock units. Each RSU converts into one common share upon vesting, while each phantom stock unit is economically equivalent to one share and will settle in cash based on performance and share price.
How do Terra Lee Grantham’s new phantom stock units in PMTS work?
Each phantom stock unit is economically equivalent to one CPI Card common share. The 7,549-unit award vests shortly after December 31, 2028 and settles in cash, based on average closing price during the last month of the performance period and achievement of specified performance metrics.
What RSU vesting schedule applies to Terra Lee Grantham’s new CPI Card grant?
The 2,055 restricted stock units vest in three substantially equal installments on March 31, 2027, 2028, and 2029. Vesting is subject to her continued service through each vesting date or other terms in the applicable award agreement, as described in the filing footnotes.
What correction did this PMTS Form 4 make to Terra Lee Grantham’s prior disclosures?
A footnote explains that this filing corrects vesting dates previously shown in her Form 3 filed March 4, 2026. It clarifies that RSUs awarded on March 31, 2025 vest over three years, with tranches on the first, second, and third anniversaries of the award date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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