Form 4: CSG Systems Executive Michael Woods Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Michael Woods, EVP at CSG Systems International, disposed of 211 shares of common stock on May 10, 2024, to cover tax withholding obligations.
Summary
- On May 10, 2024, Michael Woods, an Executive Vice President at CSG Systems International, disposed of 211 shares of common stock.
- The transaction was executed to cover tax withholding obligations upon the vesting of a restricted stock award.
- The shares were disposed of at a price of $42.03 per share.
- Following the transaction, Woods beneficially owns 27,847.8507 shares of CSG Systems International.
- The transaction was reported on a Form 4 filed with the Securities and Exchange Commission (SEC).
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing detailing a common transaction (tax obligation fulfillment). It doesn't inherently suggest positive or negative sentiment, but transparency is generally viewed favorably.
Industry Context
Form 4 filings are standard practice for reporting transactions by company insiders, providing transparency to investors regarding executive stock ownership.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/10/2024 | Date of stock disposal transaction. |
| 05/13/2024 | Date of signature on the Form 4 filing. |
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