CPI Card Group (PMTS) COO granted RSUs, phantom stock and net gains shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CPI Card Group Inc. Chief Operating Officer Anntoinette Thompson reported equity compensation and related share movements. She received 3,791 restricted stock units (RSUs), each representing one common share, which vest in three substantially equal installments on March 31, 2027, 2028, and 2029, subject to continued service.
Thompson was also granted 13,922 phantom stock units, economically equivalent to common shares and scheduled to vest shortly after December 31, 2028. These will settle in cash based on the average closing price during the last month of the performance period and achievement of specified performance metrics.
On the same date, 633 RSUs vested and were converted into 633 common shares, increasing her direct common stock holdings, while 186 shares were withheld at $14.51 per share to satisfy mandatory tax obligations. After these transactions, she directly held 8,666 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
633 shares exercised/converted
Mixed
5 txns
Insider
Thompson Anntoinette
Role
Chief Operating 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 | 186 | $14.51 | $3K |
Holdings After Transaction:
Restricted Stock Units — 3,791 shares (Direct);
Phantom Stock — 13,922 shares (Direct);
Common Stock — 8,852 shares (Direct)
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
+3 more
6 metrics
RSU grant
3,791 units
Restricted stock units granted to COO on March 31, 2026
Phantom stock grant
13,922 units
Phantom stock granted, vesting after December 31, 2028
RSUs exercised
633 units
RSUs converted into 633 common shares on March 31, 2026
Tax withholding shares
186 shares
Shares withheld to satisfy tax at $14.51 per share
Tax withholding price
$14.51/share
Value used for mandatory tax withholding on vested RSUs
Common shares held
8,666 shares
Direct common stock holdings after transactions
Key Terms
Restricted Stock Unit, phantom stock, mandatory tax withholding, performance metrics, +1 more
5 terms
Restricted Stock Unit financial
"Each restricted stock unit ("RSU") represents the right to receive one common share"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
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 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 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
What equity awards did CPI Card Group (PMTS) COO Anntoinette Thompson receive?
Anntoinette Thompson received 3,791 restricted stock units and 13,922 phantom stock units. The RSUs convert into common shares over time, while the phantom stock delivers a cash payout tied to CPI Card Group’s share price and performance metrics.
How do the new RSUs for CPI Card Group (PMTS) COO vest?
The 3,791 RSUs granted to the COO vest in three substantially equal installments on March 31, 2027, 2028, and 2029. Vesting requires her continued service or satisfaction of conditions in the applicable award agreement.
What are the terms of the phantom stock granted to CPI Card Group (PMTS) COO?
The COO received 13,922 phantom stock units, each economically equivalent to one common share. The award is scheduled to vest shortly after December 31, 2028, settling in cash based on average closing price and achievement of defined performance metrics.
What RSUs vested for CPI Card Group (PMTS) COO in this filing?
The filing shows 633 RSUs vested and were converted into 633 common shares. A footnote explains these RSUs were from an award granted March 31, 2025, with remaining units scheduled to vest on later anniversaries of that grant date.