Form 4: CPI Card Group Executive Sarah Elizabeth Williams Reports Stock Transactions
SEC Form 4 Filing
Sarah Elizabeth Williams, Chief Technology Officer of CPI Card Group Inc., reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On May 31, 2024, Sarah Elizabeth Williams, Chief Technology Officer of CPI Card Group Inc., had restricted stock units (RSUs) vest, resulting in the acquisition of 308 common shares.
- The issuer withheld 73 shares to satisfy tax obligations at a price of $26.19 per share.
- Following these transactions, Williams directly owns 6,205 shares of common stock.
- Additionally, Williams was granted 907 RSUs on May 31, 2024, which vest over three years.
Sentiment
Score: 5
Explanation: This is a neutral report on routine stock transactions. It doesn't indicate positive or negative sentiment about the company's performance.
Future Outlook
The reporting person's holdings will change as RSUs vest over the next three years, contingent on continued service.
Industry Context
This filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company executives.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 05/31/2023 | Date of previous RSU award, 50% of which vested on May 31, 2024 |
| 05/31/2024 | Date of transaction: vesting of RSUs and tax withholding; also date of new RSU award. |
| 06/04/2024 | Date of signature on the Form 4 filing. |
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