VOLLMER SONYA 4

4 · CPI Card Group Inc. · Filed Apr 2, 2026

AI-generated summary of this filing

Updated Apr 2, 2026

CPI Card (PMTS) CHRO Sonya Vollmer Receives RSU & Phantom Awards

What Happened

Sonya Vollmer, Chief Human Resources Officer of CPI Card Group (PMTS), was granted equity awards and reported conversions/exercises on March 31, 2026. The filing shows awards of 2,077 restricted stock units (RSUs) and 7,628 phantom stock units (both reported at $0.00 as derivative awards). The report also records exercise/conversion activity for 355 units (transaction code M). Separately, 87 shares were withheld to satisfy tax withholding at $14.51 per share, totaling $1,262 (transaction code F).
These were grant/award and derivative conversion transactions (not open-market purchases or sales). The RSUs represent the right to receive one common share upon vesting; the phantom stock is an economic equivalent that will settle in cash based on price/performance metrics per the award terms.

Key Details

Transaction date: March 31, 2026; Form filed April 2, 2026 (appears timely).
Awards: 2,077 RSUs (F1/F3/F5) and 7,628 phantom stock units (F4) granted at $0.00.
Exercise/conversion: 355 units reported as exercised/converted (code M).
Tax withholding: 87 shares withheld at $14.51 to cover taxes = $1,262 (code F). This is a withholding by the issuer, not an open-market sale (F2).
Shares owned after transaction: Not disclosed in the provided filing details.
Notable footnotes: RSUs vest in installments (some portions vest 2027–2029; some granted on 3/31/2025 vested on first anniversary with remaining installments per F5). Phantom stock vests/settles based on performance and service conditions (F4).

Context

RSUs are future share awards that convert to common stock on vesting; withholding of shares to cover taxes is routine and does not imply an open-market sale. Phantom stock awards are typically cash-settled based on stock performance and may vest/settle later subject to service and performance conditions.
The filing shows award receipt and derivative conversions rather than an investment buy or an open-market sale — useful for tracking executive compensation but not necessarily a directional buying/selling signal.

Form 4

Period: 2026-03-31

Chief Human Resources Officer

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-03-31+355→ 8,067 total
Tax Payment
Common Stock
[F2]
2026-03-31$14.51/sh−87$1,262→ 7,980 total
Award
Restricted Stock Units
[F1][F3]
2026-03-31+2,077→ 2,077 total
→ Common Stock (2,077 underlying)
Award
Phantom Stock
[F4]
2026-03-31+7,628→ 7,628 total
From: 2028-12-31Exp: 2028-12-31→ Common Stock (7,628 underlying)
Exercise/Conversion
Restricted Stock Units
[F1][F5]
2026-03-31−355→ 708 total
→ Common Stock (355 underlying)

Footnotes (5)

[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]Represents a restricted stock unit award which vests in three substantially equal installments on March 31, 2027, 2028, and 2029, subject to the reporting person's continued service through such date or as otherwise provided for in the applicable award agreement.
[F4]Each share of phantom stock is the economic equivalent of one share of the Issuer's common stock. The award is scheduled to vest shortly following the Expiration Date and settle in cash based on a combination of the average closing price of the Issuer's common stock during the last month of the performance period and the achievement of certain performance metrics during the performance period, subject to the reporting person's continuous service through the vesting date or as otherwise provided for in the applicable award agreement.
[F5]This line reports RSUs that were awarded on the March 31, 2025 award date, which vested on the first anniversary of the award date. The remaining RSUs granted on the award date will vest in substantially equal installments on the second and third anniversaries 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.

Signature

/s/ Darren Dragovich, attorney-in-fact|2026-04-02

1 file