CPI Card Group (NASDAQ: PMTS) chair Sanford exercises RSUs and receives new award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CPI Card Group Inc. director and Non-Executive Chairman Riley H. Sanford reported routine equity compensation activity. On May 30, 2026, Sanford exercised 1,393 restricted stock units into an equal number of common shares, bringing his directly held common stock to 261,331 shares.
On May 29, 2026, he received a grant of 1,907 restricted stock units, each representing one future common share, which vest on the first anniversary of the award date subject to continued service or the award terms. The filing also notes 5,400 common shares held indirectly by his spouse, with Sanford disclaiming beneficial ownership beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,393 shares exercised/converted
Mixed
4 txns
Insider
Riley H Sanford
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,393 | $0.00 | -- |
| Exercise | Common Stock | 1,393 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 1,907 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Common Stock — 261,331 shares (Direct, null);
Common Stock — 5,400 shares (Indirect, By Spouse)
Footnotes (1)
- Each restricted stock unit ("RSU") represents the right to receive one common share of the Issuer upon vesting of such RSU. This line represents deferred RSUs. The shares of Common Stock underlying these RSUs will be issued to the Reporting Person following the Reporting Person's separation from service with the Issuer. The 1,907 RSUs reported on this line vest on the first anniversary of the May 29, 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 deferred RSUs that were awarded on the May 30, 2025 award date, which vested on the first anniversary of the award date. The reporting person disclaims beneficial ownership of the securities held by the reporting person's spouse except to the extent of the reporting person's pecuniary interest therein.
Key Figures
RSUs exercised: 1,393 units
Direct common shares after exercise: 261,331 shares
New RSU grant: 1,907 units
+2 more
5 metrics
RSUs exercised
1,393 units
Converted into 1,393 common shares on May 30, 2026
Direct common shares after exercise
261,331 shares
Direct holdings of common stock following May 30, 2026 transactions
New RSU grant
1,907 units
Restricted stock units awarded on May 29, 2026
Indirect spouse holdings
5,400 shares
Common stock held by spouse, with beneficial ownership disclaimed
Exercise transactions
1 transaction, 1,393 shares
Derivative exercise/conversion summarized in transaction data
Key Terms
Restricted Stock Units, deferred RSUs, vest, pecuniary interest, +1 more
5 terms
Restricted Stock Units financial
"The 1,907 RSUs reported on this line vest on the first anniversary..."
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.
deferred RSUs financial
"This line represents deferred RSUs. The shares of Common Stock underlying these RSUs..."
vest financial
"The 1,907 RSUs reported on this line vest on the first anniversary..."
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.
pecuniary interest financial
"The reporting person disclaims beneficial ownership... except to the extent of the reporting person's pecuniary interest therein."
beneficial ownership financial
"The reporting person disclaims beneficial ownership of the securities held by the reporting person's spouse..."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
What insider transactions did Riley H. Sanford report at CPI Card Group (PMTS)?
Riley H. Sanford reported exercising 1,393 restricted stock units into common stock and receiving a grant of 1,907 new restricted stock units. These transactions reflect routine equity compensation and do not involve any open-market buying or selling of CPI Card Group Inc. shares.
What are the terms of Riley H. Sanford’s new restricted stock unit grant at CPI Card Group (PMTS)?
Sanford received 1,907 restricted stock units, each representing one future common share. According to the disclosure, these RSUs vest on the first anniversary of the May 29, 2026 award date, subject to his continued service or the terms of the applicable award agreement.
What happened to Riley H. Sanford’s previously deferred restricted stock units at CPI Card Group (PMTS)?
The Form 4 notes that 1,393 deferred restricted stock units awarded on May 30, 2025 vested on the first anniversary of that award date. Those vested RSUs were then settled in an equal number of CPI Card Group common shares issued to Sanford.