Peters Nicholas 4

What Happened

Nicholas Peters, a director of CPI Card Group Inc. (PMTS), had multiple derivative-related transactions reported for March 31, 2026. The filing shows a grant of 2,164 restricted stock units (RSUs) at $0.00 and two exercise/conversion entries for 1,072 RSUs each — one listed as an acquisition and one as a disposition. All reported dollar amounts for these entries are $0.00 (one acquisition line shows price/value as N/A).

Key Details

• Transaction date: March 31, 2026 (filed April 2, 2026).
• Transactions reported:
  • Grant/Award (code A): 2,164 RSUs @ $0.00 (derivative award).
  • Exercise/Conversion (code M): 1,072 shares acquired (price N/A).
  • Exercise/Conversion (code M): 1,072 shares disposed @ $0.00.
• Shares owned after the transactions: not stated in the filing.
• Notable footnotes:
  • F1: Each RSU represents the right to receive one common share upon vesting.
  • F2: Some RSUs are deferred and will be issued after separation from service.
  • F3: The 2,164 RSUs vest on the first anniversary of the March 31, 2026 award, subject to continued service or award terms.
  • F4: The disposition line reports 100% of deferred RSUs awarded March 31, 2025 that vested on their 12‑month anniversary.
• Exhibit listed: Exhibit 24 — Power of Attorney.
• Filing timeliness: filed April 2, 2026 for a March 31, 2026 report; the filing does not indicate it is late.

Context

• RSUs are a form of equity compensation that convert to shares upon vesting; they are not an outright purchase. Awards and vesting are common compensation events and are not direct endorsements of near-term stock moves.
• The pair of conversion entries (one acquired, one disposed) often reflects net settlement or withholding/surrender of shares to satisfy tax or other obligations, or an immediate sale of vested shares. The filing itself does not state the reason, so this is a common interpretation, not a confirmed motive.
• For retail investors, purchases are typically viewed as a stronger signal than awards or routine vesting; this filing primarily documents awards and vesting-related activity rather than an open‑market purchase or sale.