O'LEARY MARGARET 4
4 · CPI Card Group Inc. · Filed Mar 31, 2026
Research Summary
AI-generated summary of this filing
CPI Card (PMTS) CCO Margaret O'Leary Receives 970 RSUs; 279 Withheld
What Happened Margaret O'Leary, Chief Commercial Officer of CPI Card Group Inc. (PMTS), had 970 restricted stock units (RSUs) vest/convert into 970 common shares on March 29, 2026. To satisfy the mandatory tax withholding, the issuer withheld 279 of those shares at a deemed value of $14.19 per share, totaling $3,959. After withholding, O'Leary received a net 691 shares. This was a compensation vesting event (award conversion), not an open‑market sale or a purchase.
Key Details
- Transaction date: March 29, 2026; Form 4 filed March 31, 2026 (filed within the typical 2-business-day window).
- Converted/issued: 970 shares upon RSU vesting (reported as exercise/conversion of derivative, code M).
- Withheld for taxes: 279 shares disposed under code F at $14.19/share, value $3,959 (not an open‑market sale).
- Net shares delivered to insider: 970 − 279 = 691 shares.
- Footnotes: F1 defines RSUs as rights to receive one common share upon vesting; F2 confirms shares were withheld to satisfy mandatory tax withholding; F3 notes the RSUs were part of an award granted Mar 29, 2024 with multi‑year vesting schedule.
- Shares owned after transaction: Not specified in the provided excerpt.
Context RSU vesting and share withholding for taxes are routine forms of employee compensation and do not necessarily indicate a buy/sell signal. The withholding to cover tax liability is common and is not an open‑market sale.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-03-29+970→ 27,411 total - Tax Payment
Common Stock
[F2]2026-03-29$14.19/sh−279$3,959→ 27,132 total - Exercise/Conversion
Restricted Stock Units
[F1][F3]2026-03-29−970→ 970 total→ Common Stock (970 underlying)
- 500(indirect: By Spouse)
Common Stock
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.