VOLLMER SONYA 4
4 · CPI Card Group Inc. · Filed Jun 2, 2026
Research Summary
AI-generated summary of this filing
CPI Card (PMTS) CHRO Sonya Vollmer Receives RSU Award; Shares Withheld
What Happened
Sonya Vollmer, Chief Human Resources Officer of CPI Card Group, received a grant/vesting of 1,831 restricted stock units (RSUs) on May 29, 2026. Portions of those RSUs converted to common shares on May 30–31, 2026, and the issuer withheld 206 shares to satisfy mandatory tax withholding, representing cash tax withholdings of $1,918 (113 shares at $16.97) and $1,578 (93 shares at $16.97), a total of $3,496. The filing reports the RSU award (derivative) and the subsequent conversion/withholding; the withheld shares were not an open-market sale.
Key Details
- Transaction dates: RSU award recorded 2026-05-29; conversions/vesting reported 2026-05-30 and 2026-05-31.
- Tax withholding: 113 shares withheld on May 30 for $1,918; 93 shares withheld on May 31 for $1,578. Withholding price shown as $16.97/share. Total withheld value ≈ $3,496.
- Units involved: 1,831 RSUs granted/reported as derivative (F1). Conversion lines report 461 and 380 shares on May 30–31 (net delivery details shown in filing).
- Footnotes: F1–F5 explain RSU = one common share on vesting, withholding to satisfy mandatory tax obligations (F2), and multi-year vesting schedules for awards from 2024–2025.
- Filing timeliness: Report filed 2026-06-02 for transactions in late May 2026; filing appears timely (within the Form 4 reporting window).
- Shares owned after transaction: not specified in the provided excerpt.
Context
These entries reflect RSU vesting and mandatory tax withholding (transaction codes M = exercise/conversion of a derivative; F = payment of exercise price or tax liability). The withholding is a common, administrative action to cover tax obligations and is not an open-market sale — it does not necessarily signal a bearish view by the insider. The award includes multi-year vesting schedules (see F3–F5) for remaining installments.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-05-30+461→ 8,441 total - Tax Payment
Common Stock
[F2]2026-05-30$16.97/sh−113$1,918→ 8,328 total - Exercise/Conversion
Common Stock
[F1]2026-05-31+380→ 8,708 total - Tax Payment
Common Stock
[F2]2026-05-31$16.97/sh−93$1,578→ 8,615 total - Award
Restricted Stock Units
[F1][F3]2026-05-29+1,831→ 1,831 total→ Common Stock (1,831 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F4]2026-05-30−461→ 920 total→ Common Stock (461 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F5]2026-05-31−380→ 380 total→ Common Stock (380 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 May 29, 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]This line reports RSUs that were awarded on the May 30, 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.
- [F5]This line reports RSUs that were awarded on the May 31, 2024 award date, which vested in substantially equal installments on the first and second anniversaries of the award date. The remaining RSUs granted on the award date will vest in a substantially equal installment on the third anniversary 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.