4/A: CPI Card Group Controller Reports Stock Transactions and Corrects Previous Filing

Donna Abbey Carmignani, Controller & Chief Accounting Officer of CPI Card Group Inc., reports transactions involving restricted stock units and common stock, and amends a previous filing to correct an inadvertent checkmark.

Summary

• Donna Abbey Carmignani, Controller & Chief Accounting Officer of CPI Card Group Inc., filed an amended Form 4 to report changes in beneficial ownership.
• The amendment corrects an error in a previous filing on April 2, 2024, where a box was inadvertently checked indicating a transaction was made pursuant to a Rule 10b5-1(c) plan.
• The filing details transactions involving restricted stock units (RSUs) and common stock.
• On March 31, 2024, 212 shares were acquired and 1,379 shares were acquired through the vesting of RSUs.
• 553 shares were disposed of to satisfy tax withholding requirements at a price of $17.86 per share.
• As of March 31, 2024, Carmignani directly owns 2,017 shares of common stock.
• 1,116 RSUs were acquired on March 29, 2024, vesting in three tranches over three years.
• 212 RSUs vested on March 31, 2024, representing 50% of the RSUs awarded on March 31, 2023.
• 1,379 RSUs vested on March 31, 2024, representing the remaining 50% of the RSUs awarded on March 31, 2022.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to insider transactions and is typical for publicly traded companies. It provides transparency into the trading activities of company executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the United States, ensuring transparency in insider trading activities.
• Similar filings are made by executives at companies like Thales, Gemalto (now part of Thales), and IDEMIA, which are competitors in the card and digital security solutions industry.
• The vesting schedules and tax withholding practices described are common across various companies and industries.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• The vesting of RSUs is part of the executive compensation package, impacting employee benefits.

Key Dates