secwatch.observer — SEC 8-K summary
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Issuer:     CSG SYSTEMS INTERNATIONAL INC (CSGS)
CIK:        0001005757
Form:       8-K
Filed at:   2024-12-11T23:59:59+00:00
Accession:  0000950170-24-135222
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CSG Systems grants CEO Brian Shepherd performance-based restricted stock award valued at $4.0M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1005757/000095017024135222/0000950170-24-135222-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1005757/000095017024135222/csgs-20241206.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-135222

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer