Carmignani Donna Abbey 4

What Happened
Donna Carmignani, Controller & Chief Accounting Officer of CPI Card Group, reported awards and derivative activity on 2026-03-31. The filing shows grants of restricted stock units (RSUs) and phantom stock/derivative awards (1,352; 5,000; and 4,964 units reported), along with the exercise/conversion of 231 derivative units. To satisfy mandatory tax withholding on vesting, 67 shares were withheld at $14.51 per share for a withholding amount of $972. These were not open-market sales.

Key Details

• Transaction date: March 31, 2026; Form filed April 2, 2026 (timely filing).
• Grants/awards reported (code A): 1,352 RSUs; 5,000 RSUs; 4,964 phantom/derivative units — all reported at $0.00 (typical for RSU/phantom awards).
• Exercise/conversion (code M): 231 derivative units exercised/converted (reported both as an acquisition and as a disposition at $0.00 in the filing).
• Tax withholding (code F): 67 shares withheld at $14.51 to cover taxes; withholding value reported $972. Footnote clarifies withholding is not an open-market sale.
• Shares owned after the transactions: not specified in the excerpt provided.
• Footnotes of note: RSUs represent the right to one common share on vesting; various awards have staged vesting schedules (some vest over 3 years, others 50%/50% over two years); phantom stock will settle in cash based on average closing price and performance metrics.

Context

• These transactions are largely awards and routine vesting/conversion activity, not an open-market purchase or discretionary sale. The 67-share disposition reflects mandatory tax withholding upon vesting rather than a voluntary sale.
• For retail investors: awards and withholding are common compensation mechanics and do not, by themselves, indicate a trading view. The phantom stock award is economically tied to the company share price and performance metrics and will settle per the award terms when it vests.