CCSI CTO exercises 13,237 PSUs, settles taxes in shares
Consensus Cloud Solutions, Inc. Chief Technology Officer Jeffrey Alan Sullivan exercised performance stock units and settled related taxes in shares.
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Form Type
4
Rhea-AI Filing Summary
Consensus Cloud Solutions, Inc. Chief Technology Officer Jeffrey Alan Sullivan exercised performance stock units and settled related taxes in shares. On June 16–17, 2026, he converted a total of 13,237 performance stock units into the same number of common shares at a conversion price of $0.00 per share.
To cover tax liabilities on these vesting events, 4,749 common shares were withheld at prices of $34.72 and $34.19 per share, classified as tax-withholding dispositions rather than open-market sales. Following these transactions, he directly holds 111,410 shares of common stock.
Insider Trade Summary
13,237 shares exercised/converted
Exercise
6 txns
Insider
Sullivan Jeffrey Alan
Role
Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Unit | 8,237 | $0.00 | $0.00 |
| Exercise | Common Stock | 8,237 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 2,955 | $34.19 | $101K |
| 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 | 1,794 | $34.72 | $62K |
Holdings After Transaction:
Performance Stock Unit — 18,236 contracts (Direct);
Common Stock — 111,410 shares (Direct)
Footnotes (4)
- F1. Payment for a tax liability by withholding securities incident to vesting of a certain Performance Stock Unit.
- F2. Includes 657 shares acquired under the ESPP Purchase on May 15, 2026.
- F3. This vesting event signifies the achievement of the second 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 $28.89 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.
- F4. This vesting event signifies the achievement of the third of four stock price performance conditions associated with a grant of performance share units ("PSUs") made on December 6, 2024. The condition was met when the Company's common stock closed at or above $28.99 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: 13,237 shares
Tax-withheld shares: 4,749 shares
Withholding price June 17: $34.19/share
+4 more
7 metrics
PSUs exercised
13,237 shares
Total performance stock units converted to common stock on June 16–17, 2026
Tax-withheld shares
4,749 shares
Common shares withheld to cover tax liabilities on June 16–17, 2026
Withholding price June 17
$34.19/share
2,955 common shares disposed as tax withholding on June 17, 2026
Withholding price June 16
$34.72/share
1,794 common shares disposed as tax withholding on June 16, 2026
Holdings after transactions
111,410 shares
Direct common stock ownership after June 17, 2026 transactions
Exercise transactions
2 transactions, 13,237 shares
Derivative exercises (code M) summarized in transactionSummary
Tax-withholding transactions
2 transactions, 4,749 shares
Code F dispositions for tax liabilities summarized in transactionSummary
Key Terms
Performance Stock Unit, tax-withholding disposition, Exercise or conversion of derivative security, Employee Stock Purchase Plan, +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.
Exercise or conversion of derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
Employee Stock Purchase Plan financial
"Includes 657 shares acquired under the ESPP Purchase on May 15, 2026."
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did CCSI’s CTO Jeffrey Alan Sullivan report on June 16–17, 2026?
Jeffrey Alan Sullivan reported exercising 13,237 performance stock units into common shares and having 4,749 shares withheld to pay taxes. These are compensation-related events, combining derivative exercises and tax-withholding dispositions, not open-market purchases or sales of Consensus Cloud Solutions, Inc. stock.
Were the CCSI Form 4 transactions by the CTO open-market sales or tax withholdings?
The dispositions were tax withholdings, not open-market sales. A total of 4,749 Consensus Cloud Solutions, Inc. shares were withheld at $34.72 and $34.19 per share to satisfy tax liabilities arising from performance stock unit vesting and related derivative exercises.
What performance conditions triggered the CTO’s PSU vesting at Consensus Cloud Solutions (CCSI)?
The vesting reflected stock price performance conditions being met. The company’s common stock closed at or above $28.89 and $28.99 for at least twenty trading days within thirty consecutive trading days, and the grants reached their first anniversaries, triggering the related performance share unit vesting.
How many performance stock units did the CCSI CTO exercise in these transactions?
Jeffrey Alan Sullivan exercised 13,237 performance stock units into an equal number of Consensus Cloud Solutions, Inc. common shares. The derivative transactions were reported with a conversion price of $0.00 per unit, reflecting equity compensation vesting rather than cash-funded purchases on the open market.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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