Thompson Anntoinette 4
4 · CPI Card Group Inc. · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
CPI Card (PMTS) COO Anntoinette Thompson Receives Awards & Exercises Options
What Happened
Anntoinette Thompson, Chief Operating Officer of CPI Card Group Inc. (PMTS), received equity awards and completed derivative conversions/exercises on March 31, 2026. The filing shows: grants/awards of 3,791 and 13,922 derivative units (RSUs and phantom stock, respectively), an exercise/conversion of 633 derivative shares, and 186 shares withheld by the issuer to satisfy tax withholding obligations (186 shares × $14.51 = $2,699). The awards are reported as zero cash cost (typical for RSUs/phantom stock); the 186-share withholding is not an open-market sale.
Key Details
- Transaction date: March 31, 2026.
- Reported actions: awards/grants (A) of 3,791 RSU-equivalents and 13,922 phantom-stock equivalents; exercise/conversion (M) of 633 derivative shares; tax withholding (F) of 186 shares at $14.51/share totaling $2,699.
- Shares owned after transaction: Not reported in the provided filing excerpt.
- Footnotes of note:
- F1: Each RSU converts to one common share on vesting.
- F2: Shares withheld to satisfy mandatory tax withholding — not an open-market sale.
- F3/F5: Some RSUs have staged vesting (e.g., awards from 3/31/2025 vested on the first anniversary; remaining installments vest in later years).
- F4: Phantom stock is cash-settled based on stock price and performance metrics and vests after the performance period.
- Filing timeliness: No late-filing indicator provided in the supplied data.
Context
These entries reflect routine equity compensation activity: RSU/phantom awards (longer-term compensation tied to service/performance) and conversion/exercise of derivative units. The 186-share withholding is a tax-settlement mechanism rather than a market sale; purchases would be a stronger bullish signal for retail investors, while awards and withholding are typically compensation mechanics.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-03-31+633→ 8,852 total - Tax Payment
Common Stock
[F2]2026-03-31$14.51/sh−186$2,699→ 8,666 total - Award
Restricted Stock Units
[F1][F3]2026-03-31+3,791→ 3,791 total→ Common Stock (3,791 underlying) - Award
Phantom Stock
[F4]2026-03-31+13,922→ 13,922 totalFrom: 2028-12-31Exp: 2028-12-31→ Common Stock (13,922 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F5]2026-03-31−633→ 1,264 total→ Common Stock (633 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.