CPI Card (PMTS) Director Valerie Soranno Keating Exercises Derivatives, Receives RSUs

What Happened

• Valerie Soranno Keating, a director of CPI Card Group Inc. (PMTS), reported derivative activity and a new RSU grant. On 2026-08-29 she reported the exercise/conversion of 1,948 derivative units (acquired) and an associated disposition of 1,948 shares reported at $0. On 2026-08-31 she was reported as receiving a grant of 1,135 restricted stock units (RSUs) at $0.00. The filing shows $0 or N/A for reported consideration values.

Key Details

• Transaction dates and amounts:
  • 2026-08-29: Exercise/conversion (code M) — 1,948 shares acquired (price N/A) and 1,948 shares disposed at $0.00 (reported as derivative disposition).
  • 2026-08-31: Grant/award (code A) — 1,135 RSUs at $0.00.
• Shares owned after the transactions: not disclosed in the provided filing data.
• Footnotes of note:
  • F1: Each RSU = right to receive one common share upon vesting.
  • F2: One reported line reflects deferred RSUs awarded 8/29/2025 that vested on their first anniversary.
  • F3: Some RSUs are deferred and will be issued following the reporting person's separation from service.
  • F4: The 1,135 RSUs granted 8/31/2026 vest on the first anniversary (subject to continued service or award terms).
• Filing timeliness: Form filed 2026-09-01 for transactions on 2026-08-29/08-31; based on the dates provided this appears to be a timely Form 4 filing.

Context

• The 1,135-item entry is an RSU grant; RSUs convert to shares only on vesting (per footnotes, some grants vest after one year or upon separation).
• The 8/29 lines report both acquisition and an immediate disposition of 1,948 derivative shares at $0. The filing does not state the specific reason for the $0 disposition (e.g., withholding, conversion mechanics, or other settlement), so no inference about sentiment should be drawn.
• For retail investors: RSU grants are compensation and vesting schedules matter; derivative exercise/settlement entries can reflect administrative settlement actions rather than open-market buying or selling.