Earnings Feed
Start Free
CPI Card Group Inc.·4

Jun 2, 6:05 PM ET

Dixon Robert Michael 4

Research Summary

AI-generated summary

Updated

CPI Card (PMTS) CDO Robert Dixon Converts RSUs, Receives RSU Grant

What Happened

  • Robert Michael Dixon, Chief Digital Officer of CPI Card Group (PMTS), had previously granted restricted stock units (RSUs) convert into common shares at the end of May 2026. On 2026-05-30 and 2026-05-31 a total of 552 derivative units were converted into common shares (374 on 5/30 and 178 on 5/31). To satisfy mandatory tax withholding, 113 shares (5/30) and 54 shares (5/31) were withheld and disposed, leaving a net of 385 newly issued common shares retained by Dixon.
  • The filing also reports a new RSU award of 2,289 shares on 2026-05-29 (derivative award, $0 cash value at grant). The tax withholding on the vested shares was calculated at $16.97 per share, totaling $1,918 and $916 on the two withholding events (total $2,834). The withheld shares were not open-market sales.

Key Details

  • Transaction dates and types:
    • 2026-05-29: Award of 2,289 RSUs (grant; derivative).
    • 2026-05-30: Conversion of 374 RSUs to common shares; 113 shares withheld for taxes at $16.97 ($1,918).
    • 2026-05-31: Conversion of 178 RSUs to common shares; 54 shares withheld for taxes at $16.97 ($916).
  • Net common shares received from conversions: 385 (552 converted − 167 withheld).
  • Shares owned after these transactions: not specified in the filing.
  • Footnotes of note:
    • F1/F2: Each RSU converts to one common share; withholding shares were used to satisfy tax obligations and are not open-market sales.
    • F3: The 2,289 RSU award vests in three substantially equal installments on May 29 of 2027, 2028 and 2029 (service‑based vesting).
    • F4/F5: The converted RSUs came from earlier award dates (May 30, 2025 and May 31, 2024) with scheduled staggered vesting.
  • Filing date: 2026-06-02. The Form 4 was filed within the reporting timeframe (timely).

Context

  • These transactions are standard equity compensation events: RSUs vested (derivative securities converted to shares) and the company withheld a portion of shares to pay required taxes (a common cashless-withholding mechanism). This is not an open-market sale and does not necessarily indicate the insider’s market view.