other material
confidence high
sentiment neutral
materiality 0.60
CSG Systems grants CEO Brian Shepherd performance-based restricted stock award valued at $4.0M
CSG SYSTEMS INTERNATIONAL INC
- Grant of 74,475 target shares of restricted stock to CEO Brian Shepherd, valued at $4.0M based on closing price.
- Award includes potential for up to 200% of target shares (overperformance shares) based on stock price thresholds.
- Stock price thresholds: $70, $75, $80, $85; measured by 90-day trailing average; vesting from Dec 2027 to Dec 2029.
- Five-year performance period; unvested shares forfeited if thresholds not met by Dec 10, 2029.
- Award designed to incentivize sustained stock price performance and leadership continuity.