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4Filed Aug 31, 8:00 PM ET

CPI Card (PMTS) Director Nicholas Peters Converts Vested RSUs

$PMTS · CPI Card Group Inc.
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CPI Card (PMTS) Director Nicholas Peters Converts Vested RSUs

What Happened

  • Nicholas Peters, a director of CPI Card Group Inc. (PMTS), reported the vesting/conversion of 1,948 restricted stock units (RSUs) on 2026-08-29. The transaction is reported as an exercise/conversion of a derivative (code M) with a $0.00 price — i.e., no cash proceeds were received.
  • Peters was also reported as receiving a new award of 1,135 RSUs on 2026-08-31 (reported as an award/grant, code A) at $0.00; these RSUs vest on the first anniversary of the award (subject to continued service).
  • There is no open-market sale or purchase in this filing; these entries reflect compensation vesting/conversion and a subsequent grant.

Key Details

  • Transaction dates and treatment:
    • 2026-08-29: 1,948 RSUs exercised/converted (M), $0.00 price/value reported.
    • 2026-08-29: A corresponding disposition of 1,948 derivative units reported at $0.00 (reflecting conversion/transfer of derivative).
    • 2026-08-31: 1,135 RSUs awarded (A) at $0.00; vesting on 2027-08-31 per footnote.
  • Shares owned after the transactions: Not specified in the Form 4 provided.
  • Notable footnotes:
    • F1: Each RSU equals the right to one common share upon vesting.
    • F2: The 1,948 RSUs were the deferred RSUs awarded on 8/29/2025 and vested on their first anniversary.
    • F3: Some reported RSUs are deferred and underlying shares will be issued following separation from service.
    • F4: The 1,135 RSUs vest on the first anniversary of the 8/31/2026 award, subject to continued service.
  • Filing timeliness: Form filed 2026-09-01 reporting a period date of 2026-08-29; no late filing flag indicated in the report.

Context

  • RSUs are compensation awards that convert into shares upon vesting. The “M” (exercise/conversion of a derivative) and $0.00 pricing here indicate internal conversion/vesting and/or movement into a deferred account rather than an open‑market sale or cash exercise.
  • These entries are routine compensation/vesting and a new grant; they do not reflect a market purchase (bullish signal) or a sale for cash proceeds.