CPI Card (PMTS) CCO Margaret O'Leary Exercises RSUs; Shares Withheld

What Happened

• Margaret O'Leary, Chief Commercial Officer of CPI Card Group (PMTS), had restricted stock units (RSUs) vesting across Aug 29–31, 2026. A total of 4,361 underlying shares were issued upon vesting (1,150 on Aug 29; 619 on Aug 30; 2,592 on Aug 31).
• To satisfy mandatory tax withholding, the issuer withheld 1,255 shares (331, 178, and 746 shares on the respective dates) and paid $36,287 in withholding taxes ($9,543; $5,132; $21,612). After withholding, O'Leary received a net ~3,106 shares.
• In addition, the filing shows a new RSU grant of 1,988 shares on Aug 31, 2026 that vests in three installments in 2027–2029 (per footnote).

Key Details

• Transaction dates and withholding prices:
  • 2026-08-29: 1,150 RSUs vested; 331 shares withheld at $28.83 for taxes ($9,543).
  • 2026-08-30: 619 RSUs vested; 178 shares withheld at $28.83 for taxes ($5,132).
  • 2026-08-31: 2,592 RSUs vested; 746 shares withheld at $28.97 for taxes ($21,612).
• Total vested: 4,361 shares. Total withheld (taxes): 1,255 shares for $36,287. Net shares delivered to O'Leary: ~3,106.
• New award: 1,988 RSUs granted on 2026-08-31 that vest in three substantially equal installments on Aug 31 of 2027, 2028 and 2029 (see footnote F6).
• Footnotes of note:
  • F1: Each RSU converts to one common share at vesting.
  • F2: Shares withheld were to satisfy mandatory tax withholding — this is not an open-market sale.
  • F3–F5 explain prior award vesting schedules for RSUs granted on prior award dates.
• Shares owned after the transactions are not specified in the provided filing excerpt.
• Filing: Report filed 2026-09-01; the excerpt does not indicate a late filing.

Context

• These were RSU vesting events with shares withheld to cover taxes (transaction code F). That withholding is a standard administrative step and is not the same as an open-market sale.
• The derivative-related lines indicate conversion/exercise of RSUs (no exercise price paid by the reporting person) rather than an options purchase. The separate grant line (A) is a new RSU award that vests in future years.