CPI Card (PMTS) CHRO Sonya Vollmer Exercises Derivatives & Receives RSUs

What Happened

• Sonya Vollmer, Chief Human Resources Officer at CPI Card Group (PMTS), exercised/converted derivatives (vested RSUs/options) on Aug 29–31, 2026 to acquire 2,352 shares and received a new RSU award of 1,089 shares. To satisfy mandatory tax withholding on the vested awards, the issuer withheld 754 shares, resulting in share dispositions totaling about $21,800.
• Specifics: conversions/exercises of 645 (8/29), 330 (8/30) and 1,377 (8/31) shares; tax-withheld dispositions of 207 shares for $5,968 (8/29), 106 shares for $3,056 (8/30) and 441 shares for $12,776 (8/31). The new RSU grant reported on 8/31 is for 1,089 RSUs.

Key Details

• Transaction dates/prices:
  • 2026-08-29: converted/exercised 645 derivative shares; 207 shares withheld at $28.83 → $5,968.
  • 2026-08-30: converted/exercised 330 derivative shares; 106 shares withheld at $28.83 → $3,056.
  • 2026-08-31: converted/exercised 1,377 derivative shares; 441 shares withheld at $28.97 → $12,776.
  • 2026-08-31: grant/award of 1,089 RSUs (zero $ per-share reported).
• Totals: 2,352 shares exercised/converted; 754 shares withheld for taxes; withholding proceeds ≈ $21,800; 1,089 RSUs newly awarded.
• Shares owned after transaction: not reported in the provided filing details.
• Notable footnotes:
  • F1–F6 explain these are restricted stock units (RSUs) that convert to common shares on vesting, tax-withholding was done via share withholding (not an open-market sale), and vesting schedules for the awards (some instalments vest over 2027–2029).
• Filing timeliness: Form filed 2026-09-01 reporting transactions through 2026-08-31. Form 4s are generally due within two business days; this filing appears to have been submitted promptly.

Context

• These actions look like routine vesting/conversion of RSUs (derivative exercises) with a common net-share-withholding to cover tax obligations — not an open-market sale for investment purposes. The $0 per-share "disposed" entries reflect conversion/settlement mechanics rather than a cash sale of shares.