Form 4: CSG Systems EVP Hai Tran Reports Stock Award and Tax Withholding

Hai Tran, EVP & CFO of CSG Systems International, reports the acquisition of performance-based restricted stock and shares withheld for tax obligations.

Summary

• Hai Tran, the EVP & CFO of CSG Systems International, filed a Form 4 on February 24, 2025, reporting transactions related to CSG Systems International Inc. (CSGS) stock.
• On February 20, 2025, Tran acquired 5,247 shares of common stock as additional performance-based restricted stock awarded due to the achievement of pre-determined market performance objectives as part of the 2023 LTIP.
• Also on February 20, 2025, 12,592 shares were withheld by the issuer to cover tax withholding obligations upon the vesting of performance-based restricted stock awards at a price of $64.29.
• Following these transactions, Tran beneficially owns 100,172.2826 shares of CSG Systems International Inc.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects standard executive compensation practices and tax obligations. The stock award is a positive sign of performance, but the tax withholding is a neutral event.

Positives

• The acquisition of performance-based restricted stock suggests that pre-determined market performance objectives were met, which could be viewed positively.

Negatives

• The withholding of 12,592 shares to cover tax obligations reduces the number of shares directly held by Hai Tran.

Future Outlook

There is no specific future outlook provided in this document.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.

Comparison to Industry Standards

• Executive compensation packages often include performance-based restricted stock to align management's interests with those of shareholders.
• Tax withholding on vesting restricted stock is a standard practice in equity compensation.

Stakeholder Impact

• The stock award aligns executive interests with shareholder value.
• The tax withholding has no direct impact on stakeholders.

Key Dates

Keywords

Form 4, Hai Tran, CSG Systems International, CSGS, Stock Award, Tax Withholding, Beneficial Ownership, Performance-Based Restricted Stock, LTIP