CPSS Sr. VP Lisette Reynoso Receives 60,000-Unit Award

What Happened

• Lisette Reynoso, Senior Vice President of Consumer Portfolio Services, was granted a derivative award of 60,000 share-equivalent units on 2026-08-11. The filing lists price and total dollar value as N/A; the award is reported as a derivative security rather than an open-market purchase or sale.
• The award was issued for services to the company (see footnote). It is not an immediate sale or cash transaction.

Key Details

• Transaction date: 2026-08-11; filing date: 2026-08-13 (appears timely).
• Amount granted: 60,000 derivative share units; exercise/price and aggregate dollar value: N/A in the filing.
• Vesting: Becomes exercisable in four equal installments on 8/11/2027, 8/11/2028, 8/11/2029 and 8/11/2030 (Footnote F1).
• Purpose: Issued in consideration of the named person’s services to the issuer (Footnote F2).
• Shares owned after the transaction: not disclosed in the provided excerpt of the filing.
• No indication of a 10b5-1 plan, tax withholding, or late filing flag in the provided information.

Context

• This is a compensation grant (derivative award) that vests over time; it is a long-term incentive rather than an immediate purchase or sale. Such awards are routine forms of executive compensation and do not by themselves indicate an immediate insider view on the stock price.