Dixon Robert Michael 4
4 · CPI Card Group Inc. · Filed Mar 31, 2026
Research Summary
AI-generated summary of this filing
CPI Card Group (PMTS) CDO Robert Dixon Exercises/Receives RSUs; Shares Withheld
What Happened
Robert Michael Dixon, Chief Digital Officer of CPI Card Group (PMTS), had 242 restricted stock units (RSUs convert/vest) on March 29, 2026. Of those, 73 shares were withheld by the issuer to satisfy mandatory tax withholding at $14.19 per share (total $1,036). The vesting converted RSUs into common shares; after withholding, Dixon received a net ~169 shares. This was a routine vesting/tax-withholding event, not an open-market sale.
Key Details
- Transaction date: 2026-03-29; Form 4 filed 2026-03-31 (timely filing).
- Reported transactions: 242 RSUs converted/vested (M code); 73 shares withheld to satisfy taxes at $14.19 per share for $1,036 (F code).
- Net shares delivered to insider (implicit): 242 - 73 = 169 shares.
- Footnotes:
- F1: Each RSU equals one common share upon vesting.
- F2: Shares withheld to satisfy mandatory tax withholding — not an open market sale.
- F3: These RSUs were awarded on Mar 29, 2024 and vest in thirds (33.4%/33.3%/33.3%); this vesting reflects the second anniversary portion.
- Shares owned after the transaction: not disclosed in the provided filing details.
Context
This filing reports routine RSU vesting and mandatory tax withholding (common for employee equity compensation). No open-market sale or 10b5-1 plan was reported, and there’s no indication of a discretionary sale—just conversion of RSUs into shares and withholding to cover taxes.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-03-29+242→ 7,790 total - Tax Payment
Common Stock
[F2]2026-03-29$14.19/sh−73$1,036→ 7,717 total - Exercise/Conversion
Restricted Stock Units
[F1][F3]2026-03-29−242→ 242 total→ Common Stock (242 underlying)
Footnotes (3)
- [F1]Each restricted stock unit ("RSU") represents the right to receive one common share of the Issuer upon vesting of such RSU.
- [F2]Shares withheld by Issuer to satisfy the mandatory tax withholding requirement upon vesting of RSUs. Not an open market sale of securities.
- [F3]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.