Form 4: CPI Card Group CEO John Lowe Reports Stock Transactions
SEC Form 4 Filing
John Daniel Lowe, President and CEO of CPI Card Group Inc., reports the vesting and subsequent tax withholding of shares related to restricted stock units.
Summary
- On June 9, 2024, John Daniel Lowe, the President and CEO of CPI Card Group Inc., reported transactions involving common stock and restricted stock units (RSUs).
- 3,404 RSUs vested, converting into common stock.
- 1,498 shares were withheld by the issuer to cover mandatory tax obligations at a price of $27.65 per share.
- Following these transactions, Lowe directly owns 15,410 shares of common stock and 6,802 RSUs.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation. It doesn't indicate positive or negative sentiment, just standard procedure.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which is important for investor confidence and regulatory compliance.
Key Dates
| Date | Description |
|---|---|
| 06/09/2023 | Date of RSU award |
| 06/09/2024 | Date of transaction: Vesting of RSUs and tax withholding. |
| 06/11/2024 | Date of signature on the Form 4 filing. |
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