Consensus Cloud (CCSI) CEO withholds shares to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Consensus Cloud Solutions CEO R. Scott Turicchi reported an insider transaction mainly reflecting tax withholding, not an open-market sale. On the non-derivative line, 3,816 shares of Common Stock were withheld at $34.66 per share to cover taxes on vesting of a Restricted Stock Unit, as described in the footnote.
After this tax-withholding disposition, Turicchi directly holds 283,744 shares of Common Stock. A separate holding entry shows 5,757 shares held indirectly through the Turicchi Family Foundation. The filing shows a routine compensation-related event rather than a discretionary trade in the open market.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
TURICCHI R SCOTT
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 3,816 | $34.66 | $132K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 283,744 shares (Direct, null);
Common Stock — 5,757 shares (Indirect, Turicchi Family Foundataion)
Footnotes (1)
- [object Object]
Key Figures
Tax-withheld shares: 3,816 shares
Withholding price: $34.66 per share
Direct holdings after transaction: 283,744 shares
+1 more
4 metrics
Tax-withheld shares
3,816 shares
Shares withheld to cover RSU tax liability
Withholding price
$34.66 per share
Price used for tax-withholding disposition
Direct holdings after transaction
283,744 shares
Common Stock held directly by CEO after withholding
Indirect foundation holdings
5,757 shares
Common Stock held indirectly via Turicchi Family Foundation
Key Terms
Restricted Stock Unit, tax-withholding disposition, indirect ownership
3 terms
Restricted Stock Unit financial
"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-withholding disposition financial
"transaction_action: "tax-withholding disposition" for the 3,816 shares."
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.
indirect ownership financial
"direct_or_indirect: "I" and nature_of_ownership: "Turicchi Family Foundataion"."
FAQ
What insider transaction did CCSI CEO R. Scott Turicchi report?
R. Scott Turicchi reported a tax-withholding disposition of 3,816 shares of Consensus Cloud Solutions common stock at $34.66 per share. The shares were withheld to cover taxes due on the vesting of a Restricted Stock Unit award.
Was the CCSI CEO’s Form 4 transaction an open-market stock sale?
No, the Form 4 shows a tax-withholding transaction, not an open-market sale. Shares were withheld by the company to pay tax liabilities arising from Restricted Stock Unit vesting, a common compensation-related mechanism rather than a discretionary stock sale decision.