PMTS CTO reports RSU vesting and new grant
CPI Card Group Inc. Chief Technology Officer Ernesto Boada reported routine equity compensation activity.
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Form Type
4
Rhea-AI Filing Summary
CPI Card Group Inc. Chief Technology Officer Ernesto Boada reported routine equity compensation activity. A prior restricted stock unit (RSU) award vested, delivering 748 common shares, while 216 shares were withheld by the company to cover mandatory tax obligations, which the filing notes is not an open-market sale. Boada also received a new grant of 3,205 RSUs that will vest in three roughly equal parts on May 29, 2027, 2028, and 2029, subject to continued service.
Insider Trade Summary
748 shares exercised/converted
Exercise
4 txns
Insider
Boada Ernesto
Role
Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 748 | $0.00 | $0.00 |
| Exercise | Common Stock | 748 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 216 | $16.97 | $4K |
| Grant/Award | Restricted Stock Units | 3,205 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 4,697 contracts (Direct);
Common Stock — 4,693 shares (Direct)
Footnotes (4)
- 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 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.
- 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.
Key Figures
Shares withheld for taxes: 216 shares
Shares from RSU vesting: 748 shares
New RSU award size: 3,205 RSUs
+3 more
6 metrics
Shares withheld for taxes
216 shares
Common Stock withheld to satisfy mandatory tax withholding on RSU vesting
Shares from RSU vesting
748 shares
Common Stock received upon RSU conversion on May 30, 2026
New RSU award size
3,205 RSUs
Restricted Stock Units granted on May 29, 2026
RSU vesting schedule
3 installments
New 3,205 RSUs vest on May 29, 2027, 2028, and 2029
Tax withholding value
$16.97 per share
Price used for 216-share tax withholding disposition
RSUs remaining from prior award
1,492 RSUs
Restricted Stock Units after partial vesting of May 30, 2025 award
Key Terms
Restricted Stock Units, RSU, tax withholding, derivative security, +1 more
5 terms
Restricted Stock Units financial
"The Form 4 lists transactions in "Restricted Stock Units" that convert into common stock."
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."
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.
tax withholding financial
"Shares withheld by Issuer to satisfy the mandatory tax withholding requirement upon vesting of RSUs."
Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.
derivative security financial
"Transaction code M is described as the exercise or conversion of a 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.
grant, award, or other acquisition financial
"Transaction code A is described as a grant, award, or other acquisition."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did CPI Card Group (PMTS) report for Ernesto Boada?
CPI Card Group reported RSU-related transactions for CTO Ernesto Boada. RSUs vested into 748 common shares, 216 shares were withheld for taxes, and he received a new grant of 3,205 RSUs subject to multi‑year vesting and continued service conditions.
What new restricted stock unit grant did PMTS CTO Ernesto Boada receive?
Ernesto Boada received a new award of 3,205 restricted stock units. According to the filing, these RSUs will vest in three substantially equal installments on May 29, 2027, May 29, 2028, and May 29, 2029, assuming he continues in service or as otherwise provided.
Are the PMTS insider transactions by Ernesto Boada open-market buys or sells?
The reported transactions are RSU-related, not open-market trades. Shares were acquired through RSU vesting and 216 shares were withheld by the issuer for taxes. The filing explicitly states this withholding is not an open-market sale of securities.
How do the vesting terms work for Ernesto Boada’s new PMTS RSU award?
The 3,205 new RSUs vest in three substantially equal installments on May 29, 2027, 2028, and 2029. Vesting is conditioned on Mr. Boada’s continued service through each vesting date or as otherwise provided in the applicable award agreement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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