Consensus Cloud (NASDAQ: CCSI) CTO vests PSUs and covers tax via share withholding
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 Trade Summary
| 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 |
Footnotes (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.