CPI Card Group officer receives RSU and phantom awards
CPI Card Group Inc. reported that Controller and Chief Accounting Officer Donna Abbey Carmignani received several equity-based awards.
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Form Type
4
Rhea-AI Filing Summary
CPI Card Group Inc. reported that Controller and Chief Accounting Officer Donna Abbey Carmignani received several equity-based awards. She was granted 1,352 restricted stock units (RSUs), 5,000 RSUs, and 4,964 phantom stock units, all tied to future vesting and, for phantom stock, performance metrics. In addition, 231 previously granted RSUs vested and converted into common shares; 67 of those shares were withheld at $14.51 per share to cover taxes. Following these transactions, she directly holds 10,348 shares of common stock.
Insider Trade Summary
231 shares exercised/converted
Exercise
6 txns
Insider
Carmignani Donna Abbey
Role
Controller & Chief Acct. Off.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 1,352 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 5,000 | $0.00 | $0.00 |
| Grant/Award | Phantom Stock | 4,964 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 231 | $0.00 | $0.00 |
| Exercise | Common Stock | 231 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 67 | $14.51 | $972.17 |
Holdings After Transaction:
Restricted Stock Units — 6,808 contracts (Direct);
Phantom Stock — 4,964 contracts (Direct);
Common Stock — 10,348 shares (Direct)
Footnotes (6)
- 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. 50% of the RSUs reported on this line vest on the first anniversary of the March 31, 2026 award date and 50% will vest on the second 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.
- F5. 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.
- F6. 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.
Key Figures
RSU grant 1: 1,352 RSUs
RSU grant 2: 5,000 RSUs
Phantom stock units: 4,964 units
+3 more
6 metrics
RSU grant 1
1,352 RSUs
Granted March 31, 2026; vests in three installments 2027–2029
RSU grant 2
5,000 RSUs
Granted March 31, 2026; vests 50% after one year, 50% after two years
Phantom stock units
4,964 units
Economic equivalent of one share each; vesting around December 31, 2028
RSUs vested and exercised
231 RSUs
Converted into 231 common shares from a March 31, 2025 award
Shares withheld for taxes
67 shares at $14.51
Withheld to satisfy mandatory tax obligations upon RSU vesting
Common shares held after transactions
10,348 shares
Direct ownership by Donna Abbey Carmignani after March 31, 2026 events
Key Terms
Restricted Stock Units, phantom stock, mandatory tax withholding, performance period
4 terms
Restricted Stock Units financial
"Each restricted stock unit ("RSU") represents the right to receive one common share of the Issuer upon vesting of such RSU."
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 financial
"Shares withheld by Issuer to satisfy the mandatory tax withholding requirement upon vesting of RSUs."
performance period financial
"based on a combination of the average closing price ... during the last month of the performance period and the achievement of certain performance metrics during the performance period"
The performance period is the specific time span over which an investment’s results, an employee’s targets, or a fund’s returns are measured and judged. It matters to investors because the length and start/end of that window determine which gains or losses count toward performance fees, bonus payouts, or benchmark comparisons—much like timing a race decides who wins, the chosen period can change whether results look strong or weak.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did CPI Card Group (PMTS) disclose about Donna Abbey Carmignani’s new equity awards?
CPI Card Group reported that Controller and Chief Accounting Officer Donna Abbey Carmignani received 1,352 RSUs, 5,000 additional RSUs, and 4,964 phantom stock units. These awards vest over future years, with phantom stock settling in cash based on share price averages and performance metrics.
How do the new RSU grants for CPI Card Group (PMTS) vest over time?
The 1,352 RSUs vest in three substantially equal installments on March 31, 2027, 2028, and 2029. The 5,000 RSUs vest 50% on the first anniversary of the March 31, 2026 award date and 50% on the second anniversary, subject to continued service or award agreement terms.
What are the terms of the phantom stock units granted by CPI Card Group (PMTS)?
Each phantom stock unit equals one common share economically and is scheduled to vest shortly after December 31, 2028. Settlement occurs in cash based on average closing share price during the last month of the performance period and achievement of specified performance metrics, assuming continuous service.
What happened to previously granted RSUs for CPI Card Group (PMTS) on this Form 4?
Previously granted RSUs from the March 31, 2025 award date vested on their first anniversary, converting 231 units into common shares. Remaining RSUs from that grant will vest in substantially equal installments on the second and third anniversaries, subject to continued service and award agreement provisions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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