CPI Card Group (PMTS) CDO granted RSUs, phantom stock and exercises prior awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CPI Card Group Inc. Chief Digital Officer Robert Michael Dixon reported routine equity compensation and a small related tax withholding. He received a grant of 2,596 restricted stock units, each representing one common share upon vesting. He also received 9,535 shares of phantom stock, economically equivalent to common stock and scheduled to vest and settle in cash after December 31, 2028, based on average share price and performance metrics.
Dixon exercised 288 previously awarded RSUs into 288 shares of common stock. Of these, 87 shares valued at $14.51 per share were withheld by the company to satisfy mandatory tax obligations, which is not an open-market sale. Following these transactions, he directly holds 7,918 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
288 shares exercised/converted
Mixed
5 txns
Insider
Dixon Robert Michael
Role
Chief Digital Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 2,596 | $0.00 | -- |
| Grant/Award | Phantom Stock | 9,535 | $0.00 | -- |
| Exercise | Restricted Stock Units | 288 | $0.00 | -- |
| Exercise | Common Stock | 288 | $0.00 | -- |
| Tax Withholding | Common Stock | 87 | $14.51 | $1K |
Holdings After Transaction:
Restricted Stock Units — 2,596 shares (Direct);
Phantom Stock — 9,535 shares (Direct);
Common Stock — 8,005 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: 2,596 units
Phantom stock grant: 9,535 units
RSUs exercised: 288 units
+4 more
7 metrics
RSU grant
2,596 units
Restricted stock units awarded on March 31, 2026
Phantom stock grant
9,535 units
Phantom stock economically equivalent to common stock
RSUs exercised
288 units
Converted into 288 shares of common stock
Shares withheld for taxes
87 shares at $14.51
Mandatory tax withholding on RSU vesting
Common shares held
7,918 shares
Direct ownership after March 31, 2026 transactions
Phantom stock vesting date
December 31, 2028
Award scheduled to vest shortly following this date
RSU vesting schedule
2027–2029
Three substantially equal annual installments
Key Terms
Restricted Stock Units, phantom stock, mandatory tax withholding, 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 financial
"Shares withheld by Issuer to satisfy the mandatory tax withholding requirement"
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.
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
FAQ
What equity awards did PMTS Chief Digital Officer Robert Michael Dixon receive?
Robert Michael Dixon received 2,596 restricted stock units and 9,535 phantom stock units as equity compensation. Each RSU converts into one CPI Card Group common share upon vesting, while the phantom stock pays cash after 2028 based on share price and performance metrics.
How do Robert Michael Dixon’s new RSUs from CPI Card Group (PMTS) vest?
The 2,596 restricted stock units vest in three substantially equal installments on March 31, 2027, 2028, and 2029. Vesting requires Dixon’s continued service or satisfaction of conditions in the applicable award agreement, aligning the award with longer-term company performance.
What are the terms of the phantom stock granted to PMTS executive Robert Michael Dixon?
Each phantom stock unit equals one CPI Card Group common share economically and is scheduled to vest shortly after December 31, 2028. It settles in cash based on average closing share price and achievement of specified performance metrics, subject to Dixon’s continued service through vesting.