Form 4: CSG Systems International Inc. Executive Lori Szwanek Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Lori Szwanek, SVP and Chief Accounting Officer of CSG Systems International Inc., reports disposing of 570 shares of common stock to cover tax withholding obligations.
Summary
- On October 10, 2024, Lori Szwanek, the SVP and Chief Accounting Officer of CSG Systems International Inc. (CSGS), disposed of 570 shares of common stock.
- The transaction was executed to cover tax withholding obligations upon the vesting of a restricted stock award.
- The price per share was $47.67.
- Following the transaction, Ms. Szwanek beneficially owns 11,524.4546 shares of CSGS common stock.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations, with no significant positive or negative implications for the company's outlook.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives. This transaction is related to covering tax obligations, which is a common occurrence when restricted stock awards vest.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 10/10/2024 | Date of stock disposal transaction. |
| 10/11/2024 | Date of signature on the Form 4 filing. |
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