Form 4: CPI Card Group Director Riley H Sanford Reports Stock Transactions
SEC Form 4 Filing
Director Riley H Sanford of CPI Card Group Inc. reports the vesting and disposal of restricted stock units and acquisition of deferred restricted stock units.
Summary
- On March 29, 2025, Riley H Sanford, a director of CPI Card Group Inc., reported transactions involving the company's stock.
- Sanford disposed of 1,448 shares of common stock upon the vesting of restricted stock units.
- Sanford also acquired 1,072 deferred restricted stock units, which will be issued following separation from service.
- Additionally, Sanford indirectly owns 9,500 shares through 10031696 Manitoba Ltd.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by a company director, indicating a neutral sentiment.
Future Outlook
The 1,072 RSUs reported on this line vest on the first anniversary of the March 31, 2025 award date, subject to the reporting person's continued service through such date or as otherwise provided for in the applicable award agreement.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership of shares.
Key Dates
| Date | Description |
|---|---|
| 03/29/2024 | Award date of deferred RSUs that vested on the 12 month anniversary of the award date. |
| 03/29/2025 | Date of transaction involving the vesting and disposal of 1,448 shares of common stock from restricted stock units. |
| 03/31/2025 | Date of acquisition of 1,072 deferred restricted stock units. |
| 04/01/2025 | Date of signature for the report. |
Keywords
Form 4, CPI Card Group, Riley H Sanford, Stock Transaction, Restricted Stock Units, Director
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