Form 4: CSG Systems International Executive Chad Dunavant Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Chad Dunavant, EVP Product & Strategy Officer at CSG Systems International, reports acquisition and disposal of common stock related to tax obligations and vesting of restricted stock.
Summary
- On March 10, 2024, Chad Dunavant, EVP Product & Strategy Officer of CSG Systems International, filed a Form 4 detailing changes in his beneficial ownership of the company's common stock.
- The transactions include the disposal of 1,695 shares to cover tax withholding obligations upon the vesting of a restricted stock award at a price of $53.96 per share.
- Dunavant also acquired 4,484 shares of time-based restricted stock and 6,726 shares of performance-based restricted stock.
- Following these transactions, Dunavant beneficially owns 36,936 shares of CSG Systems International common stock.
- A power of attorney was established on May 27, 2022, granting certain individuals the authority to execute and file SEC forms on Dunavant's behalf.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions. It doesn't convey any particular positive or negative sentiment.
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.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock ownership.
- The transactions are part of the executive's compensation package, impacting their personal financial stake in the company.
Key Dates
| Date | Description |
|---|---|
| 2022-05-27 | Effective date of Power of Attorney, granting authority to execute SEC forms on behalf of Chad Dunavant. |
| 2024-03-10 | Date of the transactions reported in the Form 4 filing. |
| 2024-03-12 | Date of signature on the Form 4 filing. |
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