Form 4: CPI Card Group Executive Donna Carmignani Reports Stock Transactions
SEC Form 4 Filing
Donna Carmignani, Controller & Chief Accounting Officer of CPI Card Group Inc., reports the vesting and disposal of restricted stock units to cover tax obligations.
Summary
- On August 30, 2024, Donna Carmignani was awarded 712 Restricted Stock Units (RSUs).
- On August 31, 2024, 375 RSUs vested, resulting in the acquisition of 375 common shares.
- Also on August 31, 2024, 108 shares were disposed of to satisfy tax withholding requirements at a price of $28.64 per share.
- Following these transactions, Carmignani directly owns 5,107 shares of CPI Card Group Inc.
- She also owns 712 unvested RSUs from the August 30, 2024 grant and 375 unvested RSUs from the August 31, 2023 grant.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation, with no indication of positive or negative sentiment.
Future Outlook
The remaining RSUs will vest in tranches on the anniversaries of the grant dates, subject to continued service.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 08/30/2024 | Award date of 712 Restricted Stock Units |
| 08/31/2023 | Award date of RSUs, 50% of which vested on August 31, 2024 |
| 08/31/2024 | Vesting of 375 Restricted Stock Units and disposal of 108 shares for tax obligations |
| 09/04/2024 | Date of Form 4 filing |
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