Consensus Cloud CFO exercises performance share units
Consensus Cloud Solutions Chief Financial Officer Adam Varon reported compensation-related share activity tied to performance stock units.
Rhea-AI Filing Summary
Consensus Cloud Solutions Chief Financial Officer Adam Varon reported compensation-related share activity tied to performance stock units. On June 25, 2026, he exercised awards covering 2,872 shares of common stock, including units granted on December 7, 2023 and December 6, 2024.
To cover associated tax obligations, 1,201 shares were disposed of through share withholding at $35.03 per share, rather than an open-market sale. Following these transactions, Varon held 42,863 shares of Consensus Cloud Solutions common stock directly. The vesting conditions required the stock to close at or above $31.06 and $30.44 for at least twenty of thirty consecutive trading days, plus a one-year anniversary for each grant.
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Insider Trade Summary
2,872 shares exercised/converted
Exercise
5 txns
Insider
Varon Adam
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Unit | 1,250 | $0.00 | $0.00 |
| Exercise | Performance Stock Unit | 1,622 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,250 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,622 | $35.03 | $57K |
| Exercise Price or Tax Liability | Common Stock | 1,201 | $35.03 | $42K |
Holdings After Transaction:
Performance Stock Unit — 1,250 contracts (Direct);
Common Stock — 42,863 shares (Direct)
Footnotes (3)
- 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 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.
- F3. 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.
Key Figures
Shares exercised: 2,872 shares
Shares withheld for taxes: 1,201 shares
Withholding price: $35.03 per share
+3 more
6 metrics
Shares exercised
2,872 shares
Common stock from performance stock unit exercises on June 25, 2026
Shares withheld for taxes
1,201 shares
Tax-withholding disposition at $35.03 per share
Withholding price
$35.03 per share
Value used for tax-liability share withholding
Shares held after transactions
42,863 shares
Direct holdings of common stock following June 25, 2026 activity
Price hurdle 2023 PSU grant
$31.06
Required closing price for at least 20 of 30 consecutive trading days
Price hurdle 2024 PSU grant
$30.44
Required closing price for at least 20 of 30 consecutive trading days
Key Terms
Performance Stock Unit, tax liability, trading days, contingent right, +1 more
5 terms
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")"
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."
trading days financial
"closed at or above $31.06 for at least twenty (20) trading days within a period of thirty (30) consecutive trading days"
Trading days are the specific days when a stock exchange is open and buying and selling of securities can occur, excluding weekends and exchange-declared holidays. Investors use trading days to measure performance, calculate settlement deadlines and time-sensitive events—think of them as the business hours calendar for markets, where returns, volumes and deadlines are counted only on days the market is operating.
contingent right financial
"Each PSU represents a contingent right to receive one share of the Company's common stock."
stock price performance conditions financial
"the achievement of the fourth of four stock price performance conditions associated with a grant of performance share units"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What transactions did CCSI CFO Adam Varon report on June 25, 2026?
CFO Adam Varon reported exercising performance stock units into 2,872 shares of Consensus Cloud Solutions common stock. As part of the same event, 1,201 shares were withheld at $35.03 per share to satisfy tax liabilities associated with the vesting, rather than being sold on the open market.
Were Adam Varon’s June 25, 2026 CCSI transactions open-market sales?
The reported disposition was not an open-market sale. Instead, 1,201 shares were withheld to pay tax liabilities arising from the vesting of performance stock units. This type of F-code transaction is a tax-withholding mechanism, not a discretionary decision to sell shares in the market.
What performance targets triggered the CCSI performance stock unit vesting?
The vesting required the stock to close at or above $31.06 and $30.44, respectively, for at least twenty trading days within thirty consecutive days. Each grant also needed to reach its first anniversary. Achieving these price and time conditions caused the performance stock units to convert into common shares.
What are CCSI performance stock units (PSUs) as described in this filing?
Each performance stock unit represents a contingent right to receive one share of Consensus Cloud Solutions common stock. The units vest only when specified stock price targets and time-based conditions are achieved, such as sustained closing prices and one-year anniversaries for the December 2023 and December 2024 PSU grants.
AI-generated analysis. How Rhea-AI works. Not financial advice.
