Riley H Sanford 4
4 · CPI Card Group Inc. · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
CPI Card (PMTS) Chairman Riley Sanford Receives RSUs, Converts Units
What Happened Riley H. Sanford, Director and Non‑Executive Chairman of CPI Card Group, received a grant of 2,164 restricted stock units (RSUs) and had 1,072 RSUs vest/convert into common shares on March 31, 2026. All reported transactions show $0 per share (typical for RSU grants and vesting), so no cash purchase or open‑market sale occurred. The filing reports both an award (A) of RSUs and exercise/conversion (M) entries reflecting vesting/settlement of RSU‑based derivatives.
Key Details
- Transaction date: March 31, 2026; Form 4 filed April 2, 2026 (appears timely).
- Reported items:
- Grant (A): 2,164 RSUs @ $0.00 (awarded)
- Exercise/conversion (M): 1,072 shares acquired @ N/A (derivative conversion)
- Exercise/conversion (M): 1,072 shares disposed @ $0.00 (derivative settlement)
- Shares owned after the transactions: not specified in the provided filing.
- Footnotes of note:
- F1: Each RSU equals the right to receive one common share upon vesting.
- F2: One line represents deferred RSUs that will be issued following the reporting person’s separation from service.
- F3: The 2,164 RSUs vest on the first anniversary of the March 31, 2026 award (subject to continued service).
- F4: The 1,072 RSUs were deferred RSUs awarded March 31, 2025 and vested on their 12‑month anniversary.
- Exhibit included: Exhibit 24 — Power of Attorney.
Context RSU grants and vesting are routine executive compensation events and do not reflect open‑market buying or selling. The “M” transaction code indicates conversion/exercise of a derivative (here, RSU settlement), and the $0 per‑share value is normal for RSU awards/vestings (no cash exchanged at grant/settlement). This filing does not indicate a 10% owner transaction, a 10b5‑1 plan, or a cash sale of shares to the market.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-03-31+1,072→ 253,438 total - Award
Restricted Stock Units
[F2][F1][F3]2026-03-31+2,164→ 2,164 total→ Common Stock (2,164 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F4]2026-03-31−1,072→ 0 total→ Common Stock (1,072 underlying)
Footnotes (4)
- [F1]Each restricted stock unit ("RSU") represents the right to receive one common share of the Issuer upon vesting of such RSU.
- [F2]This line represents deferred RSUs. The shares of Common Stock underlying these RSUs will be issued to the Reporting Person following the Reporting Person's separation from service with the Issuer.
- [F3]The 2,164 RSUs reported on this line vest on the first anniversary of the March 31, 2026 award date, subject to the reporting person's continued service through such date or as otherwise provided for in the applicable award agreement.
- [F4]This line reports 100% of the deferred RSUs that were awarded on the March 31, 2025 award date, which vested on the 12 month anniversary of the award date.