Szwanek Lori 4

What Happened
Lori Szwanek, Senior Vice President and Chief Accounting Officer of CSG Systems International (CSGS), had 878 shares withheld by the issuer to satisfy tax withholding obligations related to a restricted stock vesting. The shares were valued at $79.88 each, totaling $70,135. This is a tax-withholding disposition (not an open-market sale).

Key Details

• Transaction date: 2026-03-10; Filing date: 2026-03-11 (filed the next day).
• Price reported: $79.88 per share. Total value of withheld shares: $70,135.
• Shares withheld/disposed: 878 (transaction code F — tax withholding).
• Footnote: F1 — shares withheld by the issuer to cover tax withholding upon vesting of a restricted stock award.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Timeliness: Filing appears timely (reported the business day after the transaction).

Context
Withholding shares to cover taxes on vested restricted stock is a routine administrative action and does not indicate an open-market sale or a direct liquidity-driven disposition by the insider. Such transactions reduce the insider's beneficial share count but are generally considered neutral from a sentiment perspective.