Consensus Cloud CTO exercises performance stock units
Consensus Cloud Solutions Chief Technology Officer Jeffrey Alan Sullivan exercised performance stock units that had vested into 8,237 shares of common stock.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
Consensus Cloud Solutions Chief Technology Officer Jeffrey Alan Sullivan exercised performance stock units that had vested into 8,237 shares of common stock. These units vested after the company’s stock closed at or above $27.61 for at least 20 of 30 consecutive trading days and the grant reached its first anniversary. To cover related tax obligations, 4,026 shares were withheld at $30.05 per share, a non‑market tax payment rather than an open‑market sale. Following these transactions, Sullivan directly holds 104,975 shares of common stock and 16,473 performance stock units, reflecting routine compensation-related equity activity.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Unit | 8,237 | $0.00 | $0.00 |
| Exercise | Common Stock | 8,237 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 4,026 | $30.05 | $121K |
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 second 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 $27.61 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did CCSI CTO Jeffrey Alan Sullivan report?
What performance condition triggered Sullivan’s CCSI performance stock unit vesting?
What are the terms of Jeffrey Alan Sullivan’s performance stock units at CCSI?
AI-generated analysis. How Rhea-AI works. Not financial advice.