Consensus Cloud (CCSI) CFO has RSU shares withheld to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Consensus Cloud Solutions CFO Adam Varon reported routine share dispositions related to tax withholding on vested equity awards, not open-market sales. On two dates, a total of 413 shares of Common Stock were withheld at $33.50 per share to cover tax liabilities from Restricted Stock Unit vesting. After these transactions, Varon directly holds 39,521 shares of Consensus Cloud Solutions Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Varon Adam
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 180 | $33.50 | $6K |
| Tax Withholding | Common Stock | 233 | $33.50 | $8K |
Holdings After Transaction:
Common Stock — 39,521 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes (June 7): 180 shares
Shares withheld for taxes (June 6): 233 shares
Total shares withheld for taxes: 413 shares
+2 more
5 metrics
Shares withheld for taxes (June 7)
180 shares
Common Stock at $33.50 per share, tax-withholding disposition
Shares withheld for taxes (June 6)
233 shares
Common Stock at $33.50 per share, tax-withholding disposition
Total shares withheld for taxes
413 shares
Sum of two F-code tax-withholding transactions
Price per share for withholding
$33.50 per share
Valuation used for both tax-withholding dispositions
Shares held after final transaction
39,521 shares
Directly owned Common Stock after June 7 disposition
Key Terms
Restricted Stock Unit, tax liability, withholding securities, Common Stock, +1 more
5 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 liability financial
"Payment for a tax liability by withholding securities"
withholding securities financial
"Payment for a tax liability by withholding securities incident to vesting"
Common Stock financial
"security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
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.
FAQ
What did Consensus Cloud Solutions (CCSI) CFO Adam Varon report in this Form 4?
Adam Varon reported share dispositions for tax withholding, not open-market sales. The company’s CFO had shares withheld to satisfy tax liabilities arising from Restricted Stock Unit vesting, a common administrative step for equity compensation.
Were Adam Varon’s CCSI transactions open-market buys or sells?
No, the transactions were tax-withholding dispositions, not market trades. Code F in the filing reflects payment of a tax liability by delivering securities incident to Restricted Stock Unit vesting, rather than discretionary buying or selling.