Bret C. Griess served as the Chief Executive Officer of CSG Systems International from 2015 until December 2020. He joined the company in 1996 and worked his way up, gaining experience in operations and information technology. His leadership at CSG...

Bret C. Griess served as the Chief Executive Officer of CSG Systems International from 2015 until December 2020. He joined the company in 1996 and worked his way up, gaining experience in operations and information technology. His leadership at CSG was marked by significant changes, including the expansion of the company in the North American cable and satellite markets. Griess oversaw global operations and had a hand in shaping key strategies. He had a notable compensation package in 2020, which totaled about $14 million—this included a salary and performance-based incentives. In addition to his salary, a large portion of his earnings came from stock awards that vested in 2020, reflecting a strong alignment between his performance and company success. Griess left CSG but continued to assist with a smooth transition until March 2021. His lengthy tenure and detailed understanding of the business helped to position CSG for future growth.

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1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other CSG Systems International CEOs

C

Bret C. Griess

Ex-CEO of CSG Systems International

Sector of Economy

Technology

CEO of CSG Systems International for

0 years 0 months (Dec 2020 - Dec 2020)

Previous Experience

Unknown

Rivals

Competitors/colleagues of Bret C. Griess

Holdings

See how much did Bret C. Griess make over time.

As CEO, Bret Griess held a significant amount of CSG stock, which became crucial to his wealth. In 2020, his stock awards vested at a value of around $14.5 million. This marked a high point for his holdings, showcasing the...

As CEO, Bret Griess held a significant amount of CSG stock, which became crucial to his wealth. In 2020, his stock awards vested at a value of around $14.5 million. This marked a high point for his holdings, showcasing the company's performance during his tenure. After 24 years with CSG, he had accumulated a large position in the company's equity, well over 200,000 shares at various times, reflecting his deep commitment and belief in the company's future. His stock holdings fluctuated over the years, peaking just as he prepared to transition out in late 2020, showing the importance of stock performance in his overall compensation and wealth accumulation. Now, his holdings are a testament to his long commitment to CSG and its market strength.

Total Stock Sold

$6.60M

CSGS

$6.60M

191,284 CSGS shares

What if they kept their stock?

If Bret C. Griess didn't sell their stock, today they would have:
Extra CSGS191,284 shares worth $8.33M.
This is 26.28% and $1.73M more than what they got when they sold the stock.

Charitable Transactions

CSGS

2,773 shares

CSGS

Recent Charitable Transactions

CSGS

221 shares

CSGS

Aug 7, 2018

Charity

CSGS

$40.87K

CSGS at $48.66/share

Dec 15, 2016

Charity

CSGS

$10.17K

CSGS at $47.96/share

Dec 14, 2016

Charity

CSGS

$30.26K

CSGS at $20.17/share

Feb 11, 2011

Charity

Insider Trading

See recent insider trades of Bret C. Griess.

CSGS

94,044 shares

CSGS

Mar 10, 2020

Received

CSGS

$486.84K

CSGS at $50.20/share

Feb 24, 2020

Received

CSGS

$1.56M

CSGS at $51.89/share

Feb 21, 2020

Sale

CSGS

$3.50M

CSGS at $41.15/share

Mar 10, 2019

Received

CSGS

$1.02M

CSGS at $40.88/share

Feb 21, 2019

Sale

CSGS

221 shares

CSGS

Aug 7, 2018

Charity

CSGS

$968.40K

CSGS at $48.42/share

Feb 22, 2018

Sale

CSGS

$4.70M

CSGS at $47.98/share

Feb 22, 2018

Received

CSGS

$3.00M

CSGS at $39.87/share

Feb 23, 2017

Received

CSGS

$796.49K

CSGS at $39.82/share

Feb 22, 2017

Sale

Compensation History

See how much did Bret C. Griess make over time.

Bret C. Griess's total compensation was notable, reaching about $14.1 million in 2020. This included a base salary of around $724,808 and a performance bonus of $965,700, reflecting an 88.8% performance achievement against targets. His compensation structure was designed to attract and retain top talent while linking pay to company performance. Additionally, Griess had vested stock worth nearly $14.5 million in 2020, which shows how equity compensation played a key role in how he was rewarded for his leadership. His overall compensation highlighted the importance of aligning executive pay with company results, as his wealth was tied closely to CSG's stock performance.

Year

2020

Total Compensation

$16.38M

Salary

$724.81K

Board Justification

The compensation program is designed to attract and retain highly qualified executives, aligning their interests with those of stockholders through performance-based incentives.

Bonus

$965.70K

Board Justification

The annual performance bonus for 2020 was calculated based on a target bonus percentage of 150% of base salary, with a company performance percentage achieved of 88.8% and an individual performance percentage of 100%.

Other

$183.54K

Board Justification

Includes contributions to the 401(k) retirement plan, accrued dividends on restricted stock awards, and other perquisites.

Restricted Stock

$14.51M(311.52K common stock)

Board Justification

The number of shares of restricted stock that vested in 2020, including both performance- and time-based shares, as per the terms of the separation agreement which accelerated the vesting of all unvested equity awards on December 30, 2020.

Performance Metrics

The performance metrics for determining the compensation included Non-GAAP adjusted revenues and Non-GAAP adjusted operating margin percentage.

Other CSG Systems International CEOs

Here are other CEOs of CSG Systems International

Peter E. Kalan

Ex-CEO of CSG Systems International

January 2005 - December 2020

Brian A. Shepherd

CEO of CSG Systems International

January 2021 - Present