Form 4: CPI Card Group CFO Reports Stock Transactions

Jeffrey A. Hochstadt, CFO of CPI Card Group Inc., reports the vesting of restricted stock units and subsequent tax withholding.

Summary

• On June 9, 2024, Jeffrey A. Hochstadt, the Chief Financial Officer of CPI Card Group Inc., had restricted stock units (RSUs) vest.
• 2,125 shares were acquired upon the vesting of these RSUs.
• 611 shares were withheld by the issuer to satisfy mandatory tax withholding requirements at a price of $27.65 per share.
• Following these transactions, Hochstadt directly owns 4,523 shares of common stock and 4,246 restricted stock units.
• The vesting schedule for the RSUs awarded on June 9, 2023, is 33.4% on the first anniversary, 33.3% on the second, and 33.3% on the third, contingent upon continued service.

Sentiment

Score: 5

Explanation: This is a routine transaction disclosure, neither particularly positive nor negative. It reflects standard executive compensation practices.

Future Outlook

The remaining RSUs will vest on the second and third anniversaries of the award date, subject to continued service.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units as a way to align management's interests with those of shareholders.
• Vesting schedules of three years are common in the industry to incentivize long-term commitment.
• Tax withholding upon vesting is a standard practice.

Stakeholder Impact

• The transaction has a minor impact on the total number of outstanding shares.
• It provides transparency to shareholders regarding executive compensation.

Key Dates