CPI Card Group Inc
For the period ended May 22, 2024. Filed Apr 29, 2024.
View on SEC.govAbout this filing
What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
May 22, 2024 · Filed Apr 29, 2024
PMTS$24.36-1.4%Stored close · as of Nov 6, 2026
Contents
Elements of the 2023 Executive Compensation Program
Our 2023 executive compensation program consisted of fixed pay and variable pay, including cash and non-cash components. The chart below summarizes the various elements of CPI’s 2023 executive compensation program and the objective and key features of each element.
| | | | |
|---|---|---|---|
| | Objective | Type ofCompensation | Key Features |
| Base Salary | A standard compensation element in executive compensation packages, offering market competitive fixed compensation to attract and retain talent | Cash | ●Reflects individual skills, experience, responsibilities and performance over time●Provides a consistent source of income |
| Short-TermIncentive | A cash-based award that encourages executives to focus on specific short-term corporate and/or business unit performance goals. | Cash | ●Performance-based award tied to achievement of critical short-term financial goals and priorities●Pays only if threshold performance levels are met or exceeded |
| Long-TermIncentive —RSUs | Rewards stockholder value creation, enhances executive stock ownership and promotes retention | Equity | ●At-risk award, with value based exclusively upon the value of the Company’s Common Stock●Aligns executive and stockholder interests |
| Long-TermIncentive —Options | Rewards stockholder value creation by aligning executive pay with stock price appreciation, enhances executive stock ownership and promotes retention | Equity | ●Performance-based award, with no value unless the Company’s stock price appreciates from the date of grant●Aligns executive and stockholder interests |
| Other Benefits | Provide programs for employees to pursue physical and financial wellbeing through retirement and health and welfare benefits | Benefit | ●Competitive broad-based benefits available to all employees |
| Employment andPost-TerminationArrangements | Protects the Company and NEOs during certain termination events, through the use of selective employment agreements, an executive severance and change-in-control policy, and various restrictive covenants | Benefit | ●Facilitates an orderly transition in the event of management changes●Helps ensure NEOs remain focused on creating sustainable performance in case of risk of job loss●Provides confidentiality, non-compete and non-solicit protections for the Company |
Base Salary
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