VOLLMER SONYA 4
4 · CPI Card Group Inc. · Filed Mar 31, 2026
Research Summary
AI-generated summary of this filing
CPI Card Group (PMTS) CHRO Sonya Vollmer Receives RSUs; Shares Withheld
What Happened Sonya Vollmer, Chief Human Resources Officer of CPI Card Group (PMTS), had 517 restricted stock units (RSUs vest) on March 29, 2026. Of the 517 vested RSUs, 126 shares were withheld by the issuer to satisfy mandatory tax withholding at $14.19 per share (total tax withholding $1,788). The net result is approximately 391 shares delivered to Vollmer. This was a vesting/settlement of equity compensation (not an open-market purchase or sale).
Key Details
- Transaction date: 2026-03-29; Form 4 filed: 2026-03-31.
- RSUs vesting reported: 517 shares; shares withheld for taxes: 126 at $14.19 each = $1,788.
- Net shares delivered to insider: ~391 (517 vested − 126 withheld).
- Transaction codes: M = exercise/conversion of derivative (RSU conversion to shares); F = shares withheld to cover tax liability (not an open-market sale).
- Footnotes: F1 defines each RSU = 1 common share; F2 confirms withholding is issuer withholding (not a market sale); F3 notes these RSUs were originally awarded 3/29/2024 with a multi-year vesting schedule (33.4% first anniversary, 33.3% second, 33.3% third).
- Shares owned after the transaction: not stated in the provided filing excerpt.
- Filing timeliness: Report filed within two business days of the vesting date (not indicated as late).
Context This filing reflects routine equity compensation vesting and settlement (conversion of RSUs to shares with net share withholding for taxes). Because withholding was handled by the issuer, the withheld shares are not an open-market sale and do not necessarily signal a change in the insider’s view of the company.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-03-29+517→ 7,838 total - Tax Payment
Common Stock
[F2]2026-03-29$14.19/sh−126$1,788→ 7,712 total - Exercise/Conversion
Restricted Stock Units
[F1][F3]2026-03-29−517→ 517 total→ Common Stock (517 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.