Thompson Anntoinette 4

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.