John Daniel Lowe - Jan 25, 2024 Form 4 Insider Report for CPI Card Group Inc. (PMTS)

Role
President & CEO, Director
Signature
/s/ Jessica Browne, attorney-in-fact
Stock symbol
PMTS
Transactions as of
Jan 25, 2024
Transactions value $
$0
Form type
4
Date filed
1/26/2024, 07:15 PM
Previous filing
Dec 4, 2023
Next filing
Apr 2, 2024

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PMTS Restricted Stock Units Award $0 +40K $0.00 40K Jan 25, 2024 Common Stock 40K Direct F1, F2
transaction PMTS Performance Stock Units Award $0 +60K $0.00 60K Jan 25, 2024 Common Stock 60K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents the right to receive one common share of the Issuer upon vesting of such RSU.
F2 100% of the RSUs reported on this line vest on the fourth anniversary of the January 25, 2024 award date, subject to the reporting person's continued service through such date.
F3 Each performance stock unit ("PSU") represents a contingent right to receive one common share of the Issuer upon vesting of such PSU.
F4 The PSUs reported on this line vest in equal one-third increments upon the attainment of the rolling weighted average closing price of the Issuer's common shares equaling or exceeding each of $35.00, $50.00 and $65.00, in each case, for at least 90 consecutive trading days during the five-year performance period commencing on the January 25, 2024 award date, subject to the reporting person's continued service through such date.