CPI Card Group (NASDAQ: PMTS) HR chief nets shares after RSU vesting and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CPI Card Group Inc. Chief Human Resources Officer Sonya Vollmer reported routine equity compensation activity involving restricted stock units. On March 29, 2026, 517 restricted stock units converted into 517 common shares upon vesting. To cover mandatory taxes, 126 common shares were withheld by the company at $14.19 per share, leaving her with 7,712 common shares held directly after the transactions. These events reflect standard RSU vesting, not open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
517 shares exercised/converted
Mixed
3 txns
Insider
VOLLMER SONYA
Role
Chief Human Resources Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 517 | $0.00 | -- |
| Exercise | Common Stock | 517 | $0.00 | -- |
| Tax Withholding | Common Stock | 126 | $14.19 | $2K |
Holdings After Transaction:
Restricted Stock Units — 517 shares (Direct);
Common Stock — 7,838 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. This line reports RSUs awarded on March 29, 2024, of which 33.4% vested on the first anniversary of the award date, 33.3% vested on the second anniversary of the award date, and the remaining 33.3% will vest on the third anniversary 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
RSUs vested and exercised: 517 units/shares
Shares withheld for taxes: 126 shares
Withholding price: $14.19 per share
+3 more
6 metrics
RSUs vested and exercised
517 units/shares
Restricted stock units converting into common stock on March 29, 2026
Shares withheld for taxes
126 shares
Mandatory tax withholding on vested RSUs
Withholding price
$14.19 per share
Value used for tax-withholding share disposition
Shares held after transactions
7,712 shares
Direct common stock holdings following RSU vesting and tax withholding
RSU award grant date
March 29, 2024
Original grant date of RSUs that partially vested
RSU vesting schedule
33.4% / 33.3% / 33.3%
Vesting across first, second, and third anniversaries of grant
Key Terms
Restricted Stock Units, mandatory tax withholding, vesting, exercise or conversion of derivative security, +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.
mandatory tax withholding financial
"Shares withheld by Issuer to satisfy the mandatory tax withholding requirement upon vesting"
vesting financial
"of which 33.4% vested on the first anniversary of the award date"
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.
exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
tax-withholding disposition financial
"transaction_action: tax-withholding disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What insider transaction did PMTS executive Sonya Vollmer report?
Sonya Vollmer reported the vesting and conversion of 517 restricted stock units into 517 common shares. As part of this routine equity compensation event, some shares were automatically withheld to cover taxes, and no open-market purchases or sales were involved.
What are Sonya Vollmer’s PMTS holdings after these transactions?
After the reported RSU vesting and related tax withholding, Sonya Vollmer directly holds 7,712 common shares of CPI Card Group. This figure reflects the net position following receipt of vested shares and the automatic share withholding used to satisfy tax obligations.
Were the PMTS insider transactions open-market buys or sells?
No, the transactions were not open-market buys or sells. They involved RSU vesting, conversion into common stock, and share withholding for taxes. The filing states the withheld shares were used to meet mandatory tax requirements, not to execute a market sale.