CCSI CRO exercises 5,000 PSUs, withholds shares for tax
Consensus Cloud Solutions Chief Revenue Officer & EVP Johannes Rolf Peter Hecker reported routine equity compensation activity.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Consensus Cloud Solutions Chief Revenue Officer & EVP Johannes Rolf Peter Hecker reported routine equity compensation activity. He exercised 5,000 performance stock units into common shares after the company met the final stock price performance condition from a December 7, 2023 PSU grant. To cover related tax liabilities, 2,444 shares of common stock were withheld, a standard tax-withholding disposition rather than an open-market sale.
Insider Trade Summary
5,000 shares exercised/converted
Exercise
3 txns
Insider
Hecker Johannes Rolf Peter
Role
Chief Revenue Officer & EVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Unit | 5,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 5,000 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 2,444 | $38.26 | $94K |
Holdings After Transaction:
Performance Stock Unit — 0 contracts (Direct);
Common Stock — 117,387 shares (Direct)
Footnotes (2)
- F1. Payment for a tax liability by withholding securities incident to vesting of a certain Performance Stock Unit.
- F2. This vesting event signifies the achievement of the fourth of four stock price performance conditions associated with a grant of performance share units ("PSUs") made on December 7, 2023. The condition was met when the Company's common stock closed at or above $33.39 for at least twenty (20) trading days within a period of thirty (30) consecutive trading days and the grant reached its first anniversary. Each PSU represents a contingent right to receive one share of the Company's common stock.
Key Figures
PSUs exercised: 5,000 units
Shares withheld for tax: 2,444 shares
Tax withholding price: $38.26/share
+2 more
5 metrics
PSUs exercised
5,000 units
Converted into common stock on 2026-06-29
Shares withheld for tax
2,444 shares
Tax-withholding disposition at $38.26 per share
Tax withholding price
$38.26/share
Value used for 2,444-share tax payment
Performance trigger price
$33.39/share
Stock price condition for PSU vesting
Trading-day condition
20 of 30 days
Stock had to close at or above $33.39
Key Terms
Performance Stock Unit, tax-withholding disposition, derivative exercise/conversion, performance share units ("PSUs"), +1 more
5 terms
Performance Stock Unit financial
"security_title": "Performance Stock Unit""
A performance stock unit is a type of reward companies give to employees, usually managers, that depends on how well the company performs over time. If the company hits specific goals, the employee earns shares of stock, like earning a prize for reaching certain levels in a game. It motivates employees to work hard because their rewards are tied to the company's success.
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.
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
contingent right financial
"Each PSU represents a contingent right to receive one share"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did CCSI executive Johannes Hecker report in this Form 4?
Hecker reported exercising 5,000 performance stock units into common shares and a related tax-withholding disposition of 2,444 shares. These transactions reflect equity compensation vesting, not open-market buying or selling activity.
Was the Consensus Cloud Solutions (CCSI) Form 4 an open-market stock sale?
No. The Form 4 shows 2,444 shares used to pay taxes through withholding, not an open-market sale. The disposition is tied to vesting of performance stock units rather than discretionary trading in the market.
What performance condition triggered the PSU vesting for CCSI’s Johannes Hecker?
Vesting occurred when CCSI’s common stock closed at or above $33.39 for at least 20 trading days within 30 consecutive trading days and the grant’s first anniversary was reached. This satisfied the fourth of four stock price performance conditions.
Are any performance stock units still outstanding for CCSI’s Johannes Hecker after this Form 4?
The derivative position related to the 5,000 performance stock units shows zero remaining after conversion. This indicates that all PSUs covered by this particular vesting and exercise event were fully settled into common stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
