PMTS CCO exercises RSUs, 279 shares withheld for tax
CPI Card Group Inc. Chief Commercial Officer Margaret O'Leary reported routine equity compensation activity involving restricted stock units and related tax withholding.
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Form Type
4
Rhea-AI Filing Summary
CPI Card Group Inc. Chief Commercial Officer Margaret O'Leary reported routine equity compensation activity involving restricted stock units and related tax withholding. She exercised RSUs into 970 shares of common stock, then had 279 shares withheld by the company to cover mandatory taxes, which the filing notes is not an open-market sale.
After these transactions, she directly holds 27,132 shares of common stock, and an additional 500 shares are held indirectly by her spouse. The RSUs were part of an award granted on March 29, 2024 that vests in three annual tranches, tied to her continued service.
Insider Trade Summary
970 shares exercised/converted
Exercise
4 txns
Insider
O'LEARY MARGARET
Role
Chief Commercial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 970 | $0.00 | $0.00 |
| Exercise | Common Stock | 970 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 279 | $14.19 | $4K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 970 contracts (Direct);
Common Stock — 27,132 shares (Direct);
Common Stock — 500 shares (Indirect, By Spouse)
Footnotes (3)
- 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. This line reports RSUs awarded on March 29, 2024, of which 33.4% vested on the first anniversary of the award date, 33.3% vested 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.
Key Figures
RSUs exercised: 970 units / 970 shares
Shares withheld for tax: 279 shares at $14.19
Direct holdings after transactions: 27,132 shares
+3 more
6 metrics
RSUs exercised
970 units / 970 shares
Restricted Stock Units converted to common stock on March 29, 2026
Shares withheld for tax
279 shares at $14.19
Mandatory tax withholding upon RSU vesting
Direct holdings after transactions
27,132 shares
Common stock directly owned following March 29, 2026 activity
Indirect holdings by spouse
500 shares
Common stock held indirectly "By Spouse"
Tax withholding shares count
279 shares
Reported as payment of tax liability by delivering securities
RSU vesting schedule
33.4% / 33.3% / 33.3%
Annual vesting over three years from March 29, 2024 award
Key Terms
Restricted Stock Units, RSU, mandatory tax withholding requirement, open market sale, +2 more
6 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.
RSU financial
"Each restricted stock unit ("RSU") represents the right to receive one common share of the Issuer upon vesting"
Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.
mandatory tax withholding requirement financial
"Shares withheld by Issuer to satisfy the mandatory tax withholding requirement upon vesting of RSUs."
open market sale financial
"Not an open market sale of securities."
An open market sale is when a company or a shareholder sells shares through the regular stock market to any willing buyer, using ordinary exchange trading rather than private deals. It matters to investors because it increases the number of shares available and can push the price down or change ownership balance—think of it like someone putting extra items on a supermarket shelf for any shopper to buy, which can lower the item's price if supply suddenly grows.
vest financial
"33.4% vested on the first anniversary of the award date, 33.3% vested on the second anniversary of the award date"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
indirect financial
"Common Stock ... total_shares_following_transaction: "500.0000", direct_or_indirect: "I", nature_of_ownership: "By Spouse""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did PMTS executive Margaret O'Leary report?
Margaret O'Leary reported exercising restricted stock units into 970 shares of CPI Card Group Inc. common stock. Of those, 279 shares were withheld by the company to satisfy mandatory tax obligations tied to the RSU vesting event.
What RSU award is referenced in Margaret O'Leary’s PMTS Form 4 filing?
The Form 4 references RSUs awarded on March 29, 2024. According to the filing, 33.4% vested on the first anniversary, 33.3% on the second, and the remaining 33.3% will vest on the third anniversary, subject to continued service.
How many RSUs did Margaret O'Leary convert to CPI Card Group common stock?
She converted 970 restricted stock units into 970 shares of CPI Card Group common stock. Each RSU represents the right to receive one common share of the issuer upon vesting, as described in the Form 4 footnotes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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