CPI Card (PMTS) CDO Robert Dixon Exercises/Converts RSUs, Receives RSU Award

What Happened

• Robert Michael Dixon, Chief Digital Officer of CPI Card Group, converted/exercised vested restricted stock units (RSUs) between Aug 29–31, 2026, resulting in 1,418 shares delivered. To satisfy mandatory tax withholding, 428 of those shares were withheld (158, 47, and 223 shares on the respective dates) for a total withholding of $12,370. The filing also reports a new RSU grant of 1,362 shares (no cash exchanged) that vests in three substantially equal annual installments beginning Aug 31, 2027.
• These were vesting/tax-withholding events (routine compensation handling) rather than open-market purchases or discretionary sales.

Key Details

• Transaction dates and actions:
  • 2026-08-29: Conversion of 524 derivative units to shares; 158 shares withheld for taxes at $28.83 ($4,555).
  • 2026-08-30: Conversion of 154 derivative units to shares; 47 shares withheld at $28.83 ($1,355).
  • 2026-08-31: Conversion of 740 derivative units to shares; 223 shares withheld at $28.97 ($6,460).
  • 2026-08-31: New RSU grant of 1,362 shares (reported as acquisition, vests 2027–2029).
• Totals: 1,418 shares converted/issued, 428 shares withheld for taxes (≈ $12,370), net delivered shares = 990. New unvested RSU award = 1,362 shares.
• Transaction codes: M = exercise/conversion of derivative; F = payment for tax withholding; A = award/grant.
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Filing timeliness: Filed 2026-09-01 for transactions through 2026-08-31 — no late filing flag indicated.

Context

• These entries reflect RSU vesting and mandatory withholding to cover taxes (common, employer-handled). The withheld shares are not open‑market sales and do not necessarily signal insider sentiment.
• The new 1,362‑share RSU grant is subject to multi-year vesting (Aug 31, 2027–2029), so its economic benefit is tied to continued service and future vesting conditions.