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Consensus Cloud (NASDAQ: CCSI) CTO vests PSUs and covers tax via share withholding

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Consensus Cloud Solutions, Inc. Chief Technology Officer Jeffrey Alan Sullivan reported compensation-related stock activity involving performance stock units (PSUs). On June 25, 2026, he exercised PSUs into common stock and had shares withheld to cover taxes, rather than selling shares on the open market.

The filing shows 6,734 shares of common stock valued at $35.03 per share were withheld to satisfy a tax liability. Vesting reflected achievement of stock price performance goals from two PSU grants made on December 7, 2023 and December 6, 2024, with conditions requiring the stock to close at or above $31.06 and $30.44 respectively for at least twenty of thirty consecutive trading days, after each grant’s first anniversary. Each PSU converts into one share of common stock when conditions are met.

Positive

  • None.

Negative

  • None.
Insider Sullivan Jeffrey Alan
Role Chief Technology Officer
Type Security Shares Price Value
Exercise Performance Stock Unit 5,000 $0.00 --
Exercise Performance Stock Unit 8,236 $0.00 --
Exercise Common Stock 5,000 $0.00 --
Exercise Common Stock 8,236 $35.03 $289K
Tax Withholding Common Stock 6,734 $35.03 $236K
Holdings After Transaction: Performance Stock Unit — 5,000 shares (Direct, null); Common Stock — 116,410 shares (Direct, null)
Footnotes (1)
  1. Payment for a tax liability by withholding securities incident to vesting of a certain Performance Stock Unit. 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 7, 2023. The condition was met when the Company's common stock closed at or above $31.06 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. 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 6, 2024. The condition was met when the Company's common stock closed at or above $30.44 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.
Tax withholding shares 6,734 shares Common stock withheld to cover tax liability at vesting
Withholding price $35.03 per share Value used for 6,734 tax-withheld shares of common stock
First PSU grant price hurdle $31.06 Stock must close at or above this level for 20 of 30 days
Second PSU grant price hurdle $30.44 Stock must close at or above this level for 20 of 30 days
PSU-to-share ratio 1 PSU : 1 share Each PSU converts into one share of common stock upon vesting
Performance Stock Unit financial
"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 7, 2023."
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 liability financial
"Payment for a tax liability by withholding securities incident to vesting of a certain Performance Stock Unit."
vesting event financial
"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 6, 2024."
contingent right financial
"Each PSU represents a contingent right to receive one share of the Company's common stock."
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Learn about SEC filing dates
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Sullivan Jeffrey Alan

(Last)(First)(Middle)
C/O CONSENSUS CLOUD SOLUTIONS, INC.
700 S. FLOWER STREET, 15TH FLOOR

(Street)
LOS ANGELES CALIFORNIA 90017

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Consensus Cloud Solutions, Inc. [ CCSI ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Technology Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/25/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock06/25/2026M5,000A$0116,410D
Common Stock06/25/2026M8,236A$35.03124,646D
Common Stock06/25/2026F(1)6,734D$35.03117,912D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Performance Stock Unit$006/25/2026M5,000 (2) (2)Common Stock $0.01 Par Value5,000$05,000D
Performance Stock Unit$006/25/2026M8,236 (3) (3)Common Stock $0.01 Par Value8,236$00D
Explanation of Responses:
1. Payment for a tax liability by withholding securities incident to vesting of a certain Performance Stock Unit.
2. 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 7, 2023. The condition was met when the Company's common stock closed at or above $31.06 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.
3. 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 6, 2024. The condition was met when the Company's common stock closed at or above $30.44 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.
Remarks:
/s/ Vithya Aubee, Attorney-in-Fact06/29/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transactions did CCSI CTO Jeffrey Alan Sullivan report?

Jeffrey Alan Sullivan reported PSU-related stock activity, exercising performance stock units into common shares and having shares withheld for taxes. The transactions reflect compensation vesting, not open-market buying or selling, and are tied to previously granted performance stock units.

How many Consensus Cloud Solutions (CCSI) shares were withheld for taxes?

The filing shows 6,734 shares of Consensus Cloud Solutions common stock were withheld to cover a tax liability. The shares were valued at $35.03 each and relate to the vesting of previously granted performance stock units rather than discretionary market sales.

What performance conditions triggered CCSI PSU vesting for the CTO?

Vesting required the stock to close at or above $31.06 or $30.44, depending on the grant, for at least twenty trading days within thirty consecutive trading days. Each grant also had to reach its first anniversary before the related performance stock units converted into common shares.

What are performance stock units (PSUs) in the CCSI Form 4 filing?

In this filing, each performance stock unit represents a contingent right to receive one share of Consensus Cloud Solutions common stock. The PSUs vest and convert into shares only after specified stock price and time-based conditions are achieved, aligning executive compensation with share price performance.

Were the CCSI Form 4 transactions open-market purchases or sales?

The transactions were not open-market trades. They involved exercising performance stock units into common stock and withholding 6,734 shares at $35.03 per share to satisfy tax obligations, a common administrative mechanism for equity compensation vesting events.

Which CCSI PSU grants vested for the CTO in this Form 4?

The vesting events relate to two PSU grants made on December 7, 2023 and December 6, 2024. Each grant’s vesting reflected achievement of specific stock price performance hurdles and the passage of at least one year from the respective grant date.