Form 4: CSG Systems International Executive Chad Dunavant Reports Stock Transactions
SEC Form 4 Filing
Chad Dunavant, EVP Product & Strategy Officer at CSG Systems International, reports acquisition and disposal of common stock related to vesting of restricted stock and performance-based awards.
Summary
- Chad Dunavant, an executive at CSG Systems International, filed a Form 4 detailing changes in his beneficial ownership of the company's stock on March 10, 2025.
- He disposed of 1,347 shares of common stock at a price of $62.04 per share to cover tax withholding obligations upon the vesting of a restricted stock award.
- Dunavant also acquired 5,613 shares of time-based restricted stock and 8,420 shares of performance-based restricted stock, both at $0.
- Following these transactions, Dunavant directly owns 48,810 shares of CSG Systems International common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but it's primarily related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 2022-05-27 | Effective date of the Power of Attorney. |
| 2025-03-10 | Date of stock transactions (acquisition and disposal). |
| 2025-03-11 | Date of signature for the Form 4 filing. |
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