Carmignani Donna Abbey 4

What Happened

• Donna Carmignani, Controller & Chief Accounting Officer of CPI Card Group (PMTS), had restricted stock units (RSUs) vest and converted into common shares. On May 30, 2026, 299 RSUs converted; on May 31, 2026, 273 RSUs converted (total 572 vested). The issuer withheld 86 shares on 5/30 and 79 shares on 5/31 to satisfy mandatory tax withholding at $16.97 per share (withheld value $1,459 and $1,341, respectively). Net shares delivered to Carmignani from these vestings were 213 (5/30) + 194 (5/31) = 407 shares.
• Separately, on May 29, 2026 she was granted 1,191 new RSUs that vest in three substantially equal installments in 2027–2029 (future vesting; no immediate share delivery).

Key Details

• Transaction dates: vesting/conversion on 2026-05-30 (299 RSUs) and 2026-05-31 (273 RSUs); grant on 2026-05-29 (1,191 RSUs).
• Tax withholding: 86 shares withheld on 5/30 and 79 shares withheld on 5/31 at $16.97/share (total withheld value $2,800).
• Net shares received from these vestings: 407 shares (572 vested − 165 withheld).
• Footnotes: RSUs convert 1:1 into common shares on vesting (F1); the withheld shares were to satisfy mandatory tax obligations and were not open-market sales (F2). The 1,191 RSU grant vests in three equal installments in 2027–2029 (F3). Other vested RSUs reported were from prior award dates (May 30, 2025 and May 31, 2024) per F4/F5.
• Filing timeliness: No late filing flag indicated on the form.

Context

• These transactions are compensatory (RSU vestings and a new grant), not open‑market buys or discretionary sales. The withheld-share entries are routine tax withholding (issuer-retained), not sales to third parties.
• For retail investors: grants and vestings reflect routine equity compensation; they do not necessarily indicate insider buying or selling sentiment.