4/A: CSG Systems International Executive Elizabeth Bauer Corrects Previous SEC Filing on Share Transactions
SEC Filing (Form 4/A)
Elizabeth Bauer, EVP and Chief Experience Officer at CSG Systems International, files an amended Form 4 to correct inaccuracies in a previous filing regarding share transactions.
Summary
- Elizabeth Bauer, an executive at CSG Systems International, filed an amended Form 4 with the SEC to correct a previous filing regarding changes in beneficial ownership of company stock.
- The amendment addresses an error in the number of shares deducted from performance-based restricted stock, correcting it from 1,063 to 1,073 shares.
- The corrected filing also updates the number of securities beneficially owned following the reported transactions.
- The transactions reported include the deduction of shares from performance-based restricted stock due to the level of achievement for pre-determined performance-based restricted stock measures at the end of the two-year 2022 performance period.
- Additionally, the filing notes shares withheld by the issuer to cover tax withholding obligations upon the vesting of a restricted stock award.
- Following the transactions, Bauer beneficially owns 54,758 shares of common stock.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing correcting a minor error. It doesn't indicate any significant positive or negative developments for the company, but the correction itself suggests attention to detail and compliance.
Industry Context
This filing is a routine disclosure related to executive stock transactions, which is a common practice for publicly traded companies. It provides transparency to investors regarding insider activity.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
- Companies like Oracle, Salesforce, and SAP also have executives who regularly file Form 4s to report stock transactions.
- The level of detail provided in this filing is consistent with industry norms for Form 4 disclosures.
Stakeholder Impact
- The correction of the filing ensures accurate information is available to shareholders.
- The transactions themselves have a minor impact on the overall shareholding structure.
Key Dates
| Date | Description |
|---|---|
| 2022/04/06 | Effective date of Power of Attorney. |
| 2024/02/16 | Date of stock transactions (deduction of shares and tax withholding). |
| 2024/02/21 | Date of original Form 4 filing containing the error. |
| 2024/05/07 | Date of amended Form 4/A filing. |
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