Dixon Robert Michael 4

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.