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 subsequent tax withholding of restricted stock units.
Summary
- On March 29, 2025, Donna Carmignani, Controller & Chief Accounting Officer of CPI Card Group Inc., vested 374 restricted stock units (RSUs) and 211 RSUs on March 31, 2025.
- The company withheld 105 shares on March 29, 2025, at a price of $28.8 and 60 shares on March 31, 2025, at a price of $29.17 to cover tax obligations related to the vesting of the RSUs.
- Following these transactions, Carmignani directly owns 5,908 shares of common stock.
- Carmignani was also awarded 687 RSUs on March 31, 2025, which vest over three years.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock transactions by a company executive, indicating a neutral sentiment.
Future Outlook
The remaining RSUs will vest on the second and third anniversaries of the award dates, contingent upon continued service.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, ensuring fair market practices.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they involve the vesting of previously awarded compensation.
Key Dates
| Date | Description |
|---|---|
| 03/29/2024 | Date of original RSU award, 33.4% of which vested on March 29, 2025 |
| 03/31/2023 | Date of original RSU award, 50% of which vested on March 31, 2025 |
| 03/29/2025 | Vesting of 374 Restricted Stock Units and withholding of 105 shares for taxes at $28.8. |
| 03/31/2025 | Vesting of 211 Restricted Stock Units and withholding of 60 shares for taxes at $29.17. Award of 687 RSUs. |
| 04/01/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, CPI Card Group, Stock Transactions, Restricted Stock Units, Beneficial Ownership, Carmignani, PMTS
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