CPI Card Group (PMTS) CCO granted RSUs, phantom stock and boosts share holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CPI Card Group Inc. Chief Commercial Officer Margaret O'Leary received new equity-based compensation and reported related share movements. She was granted 3,791 restricted stock units, each convertible into one common share upon vesting, and 13,922 phantom stock units economically equivalent to common stock and settling in cash based on performance and average share price around late 2028.
O'Leary also exercised 633 restricted stock units into common stock. Of the resulting shares, 182 common shares at $14.51 were withheld by the company to cover mandatory tax obligations, which is not an open-market sale. Following these transactions, she directly holds 27,583 common shares and has an additional 500 shares reported as indirectly owned through her spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
633 shares exercised/converted
Mixed
6 txns
Insider
O'LEARY MARGARET
Role
Chief Commercial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 3,791 | $0.00 | -- |
| Grant/Award | Phantom Stock | 13,922 | $0.00 | -- |
| Exercise | Restricted Stock Units | 633 | $0.00 | -- |
| Exercise | Common Stock | 633 | $0.00 | -- |
| Tax Withholding | Common Stock | 182 | $14.51 | $3K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 3,791 shares (Direct);
Phantom Stock — 13,922 shares (Direct);
Common Stock — 27,765 shares (Direct);
Common Stock — 500 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. Shares withheld by Issuer to satisfy the mandatory tax withholding requirement upon vesting of RSUs. Not an open market sale of securities. 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. 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. 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: 3,791 units
Phantom stock grant: 13,922 units
RSUs exercised: 633 units
+5 more
8 metrics
RSU grant
3,791 units
Restricted stock units granted on March 31, 2026
Phantom stock grant
13,922 units
Phantom stock units granted on March 31, 2026
RSUs exercised
633 units
RSUs converted into common stock on March 31, 2026
Shares withheld for taxes
182 shares at $14.51
Common shares withheld to satisfy tax obligations
Direct common shares after transactions
27,583 shares
Direct ownership following March 31, 2026 transactions
Indirect common shares
500 shares
Indirect ownership reported as held by spouse
RSU vesting schedule
3 installments
RSUs vest on March 31, 2027, 2028, and 2029
Phantom stock performance period end
December 31, 2028
Award scheduled to vest shortly after this date
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..."
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..."
performance metrics financial
"based on a combination of the average closing price... and the achievement of certain performance metrics..."
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.
performance period financial
"during the last month of the performance period and the achievement of certain performance metrics..."
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
What equity awards did CPI Card Group (PMTS) grant to its CCO?
CPI Card Group granted Chief Commercial Officer Margaret O'Leary 3,791 restricted stock units and 13,922 phantom stock units. Each RSU converts into one common share, while phantom stock pays cash based on share price and performance after the stated performance period.
What are the vesting terms of the new RSU award at CPI Card Group (PMTS)?
The 3,791 restricted stock units vest in three substantially equal installments on March 31, 2027, 2028, and 2029. Vesting requires Margaret O'Leary’s continued service or meeting conditions in the award agreement, aligning compensation with multi-year retention incentives.
How does the phantom stock award for CPI Card Group (PMTS) work?
Each phantom stock unit equals one common share economically and is scheduled to vest shortly after December 31, 2028. The cash payout depends on average closing price in the last month of the performance period and achievement of defined performance metrics, plus continued service.
What RSU vesting event triggered tax withholding for CPI Card Group (PMTS)?
The filing notes RSUs awarded on March 31, 2025 vested on their first anniversary, triggering mandatory tax withholding. To cover this requirement, CPI Card Group withheld 182 common shares, explaining the F-code disposition without involving an open-market share sale.