CCSI officer exercises PSUs, withholds shares for tax
Consensus Cloud Solutions Chief Accounting Officer Karel Krulich reported routine equity compensation activity.
Rhea-AI Filing Summary
Consensus Cloud Solutions Chief Accounting Officer Karel Krulich reported routine equity compensation activity. He exercised 900 Performance Stock Units into common stock at a conversion price of $0.00 per share, then had 336 shares withheld to cover tax obligations related to the vesting. This sequence resulted from meeting a stock price performance condition tied to PSUs granted on December 7, 2023, where the company’s common stock had to close at or above $33.39 for at least twenty trading days within a thirty-day period and reach the grant’s first anniversary. The transactions were not open-market purchases or sales but mechanics of a performance-based equity award and associated tax withholding.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Unit | 900 | $0.00 | $0.00 |
| Exercise | Common Stock | 900 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 336 | $38.26 | $13K |
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
Key Terms
Performance Stock Unit financial
tax liability by withholding securities financial
stock price performance conditions financial
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