CPI Card Group (NASDAQ: PMTS) director granted 2,164 RSUs and converts 1,072 into shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CPI Card Group Inc. director Marc Sheinbaum reported equity compensation activity involving restricted stock units (RSUs) and common shares. On March 31, 2026, he received a grant of 2,164 RSUs, each representing one share of common stock, which vest on the first anniversary of the award date, subject to continued service or the award agreement terms.
He also exercised 1,072 previously awarded deferred RSUs from the March 31, 2025 grant, which had vested after 12 months. These RSUs converted into 1,072 shares of common stock at no exercise price, bringing his directly held common stock position to 18,508 shares after the transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,072 shares exercised/converted
Mixed
3 txns
Insider
SHEINBAUM MARC
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 2,164 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,072 | $0.00 | -- |
| Exercise | Common Stock | 1,072 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 2,164 shares (Direct);
Common Stock — 18,508 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. 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 2,164 RSUs reported on this line vest on the first anniversary of the March 31, 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 March 31, 2025 award date, which vested on the 12 month anniversary of the award date.
Key Figures
RSU grant size: 2,164 RSUs
RSUs exercised: 1,072 RSUs
Shares from RSU exercise: 1,072 shares
+3 more
6 metrics
RSU grant size
2,164 RSUs
Granted on March 31, 2026, vesting after one year
RSUs exercised
1,072 RSUs
Deferred RSUs from March 31, 2025 award converted to stock
Shares from RSU exercise
1,072 shares
Common stock received upon RSU conversion at $0.00 exercise price
Post-transaction common shares
18,508 shares
Direct CPI Card Group common stock holdings after March 31, 2026 transactions
Exercise price for RSUs
$0.00 per share
Conversion or exercise price for the 1,072 RSUs exercised
New RSU-to-share ratio
1 RSU : 1 share
Each restricted stock unit represents one CPI Card Group common share
Key Terms
Restricted Stock Units, deferred RSUs, vesting, separation from service
4 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.
deferred RSUs financial
"This line represents deferred RSUs. The shares of Common Stock underlying these RSUs"
vesting financial
"The 2,164 RSUs reported on this line vest on the first anniversary"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
separation from service financial
"shares ... will be issued ... following the Reporting Person's separation from service"
FAQ
What did CPI Card Group (PMTS) director Marc Sheinbaum report in this Form 4?
Marc Sheinbaum reported equity compensation activity, including a new grant of restricted stock units and the exercise of previously awarded RSUs into common stock. These transactions increased his directly held common share position while reflecting routine director compensation and vesting activity.
How many restricted stock units did Marc Sheinbaum receive from CPI Card Group (PMTS)?
He received 2,164 restricted stock units, each representing one CPI Card Group common share. These RSUs were granted on March 31, 2026 and are scheduled to vest on the first anniversary of the award date, subject to his continued service or the applicable award agreement terms.
When do Marc Sheinbaum’s new RSUs in CPI Card Group (PMTS) vest?
The 2,164 RSUs granted on March 31, 2026 vest on the first anniversary of that award date. Vesting is conditioned on his continued service with CPI Card Group through that date or as otherwise provided under the governing award agreement for this grant.
What happened to the deferred RSUs from the March 31, 2025 CPI Card Group (PMTS) award?
The Form 4 shows 1,072 deferred RSUs from the March 31, 2025 award were fully vested and then exercised into common stock. Those RSUs converted into 1,072 CPI Card Group common shares at no exercise price, reflecting the settlement of that prior equity award.
What are deferred RSUs for CPI Card Group (PMTS) as described in this filing?
Deferred RSUs are restricted stock units where underlying common shares are issued at a later time. The filing notes certain CPI Card Group deferred RSUs will deliver common stock to the reporting person following separation from service, reflecting a deferred settlement feature of those awards.