Consensus Cloud (NASDAQ: CCSI) CFO has 60 shares withheld to cover RSU tax liability
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Consensus Cloud Solutions Chief Financial Officer Adam Varon reported a small share disposition related to taxes, not an open-market trade. On the vesting of a Restricted Stock Unit, 60 shares of common stock were withheld at $34.00 per share to satisfy a tax liability. After this tax-withholding event, Varon directly holds 40,052 shares of Consensus Cloud Solutions common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Varon Adam
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 60 | $34.00 | $2K |
Holdings After Transaction:
Common Stock — 40,052 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Tax-withheld shares: 60 shares
Withholding price: $34.00 per share
Shares after transaction: 40,052 shares
+1 more
4 metrics
Tax-withheld shares
60 shares
Common stock withheld to cover RSU tax liability
Withholding price
$34.00 per share
Value applied to 60 withheld shares
Shares after transaction
40,052 shares
Direct CCSI common stock holdings post-withholding
Tax-withholding transactions
1 transaction
Count of F-code tax-withholding entries in this Form 4
Key Terms
Restricted Stock Unit, tax liability, withholding securities, tax-withholding disposition
4 terms
Restricted Stock Unit financial
"Payment for a tax liability by withholding securities incident to vesting of a certain Restricted Stock Unit."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
tax liability financial
"Payment for a tax liability by withholding securities incident to vesting of a certain Restricted Stock Unit."
withholding securities financial
"Payment for a tax liability by withholding securities incident to vesting of a certain Restricted Stock Unit."
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What insider transaction did CCSI CFO Adam Varon report on this Form 4?
Adam Varon reported a tax-related share disposition. The filing shows 60 shares of Consensus Cloud Solutions common stock were withheld to cover taxes upon vesting of a Restricted Stock Unit, rather than sold on the open market, indicating a routine compensation-related event.
Was Adam Varon’s CCSI Form 4 transaction an open-market sale or a tax-withholding event?
The transaction was a tax-withholding event, not an open-market sale. The filing describes payment of a tax liability by delivering securities incident to RSU vesting, meaning shares were withheld by the company rather than sold on the stock market.
What does the Form 4 footnote reveal about Adam Varon’s CCSI transaction?
The footnote explains the shares covered a tax liability. It states that securities were withheld to pay taxes incident to the vesting of a Restricted Stock Unit, clarifying this was a routine compensation-related adjustment, not a discretionary trading decision.