Consensus Cloud CTO uses shares for tax payments
Consensus Cloud Solutions, Inc. Chief Technology Officer Jeffrey Alan Sullivan reported routine share dispositions related to tax withholding on vested equity awards.
Rhea-AI Filing Summary
Consensus Cloud Solutions, Inc. Chief Technology Officer Jeffrey Alan Sullivan reported routine share dispositions related to tax withholding on vested equity awards. On June 6 and 7, a total of 2,374 shares of common stock were withheld at $33.50 per share to cover tax liabilities from Restricted Stock Unit vesting.
These Form 4 transactions, coded "F," reflect payment of tax obligations by delivering securities rather than open-market sales. After these dispositions, Sullivan directly holds 102,265 shares of Consensus Cloud Solutions common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 2,374 shares
Exercise Price or Tax Liability
2 txns
Insider
Sullivan Jeffrey Alan
Role
Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 897 | $33.50 | $30K |
| Exercise Price or Tax Liability | Common Stock | 1,477 | $33.50 | $49K |
Holdings After Transaction:
Common Stock — 102,265 shares (Direct)
Footnotes (1)
- F1. Payment for a tax liability by withholding securities incident to vesting of a certain Restricted Stock Unit.
Key Figures
Tax-withholding shares June 7: 897 shares
Tax-withholding shares June 6: 1,477 shares
Total tax-withholding shares: 2,374 shares
+2 more
5 metrics
Tax-withholding shares June 7
897 shares
Common Stock withheld at $33.50 for tax liability
Tax-withholding shares June 6
1,477 shares
Common Stock withheld at $33.50 for tax liability
Total tax-withholding shares
2,374 shares
Combined June 6–7 Form 4 code F transactions
Price per share
$33.50 per share
Valuation used for tax-withholding dispositions
Shares held after transactions
102,265 shares
Direct ownership following reported dispositions
Key Terms
Restricted Stock Unit, tax-withholding disposition, Form 4, beneficial ownership
4 terms
Restricted Stock Unit financial
"Payment for a tax liability by withholding securities 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-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.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
beneficial ownership financial
"transactionSummary includes exerciseCount/exerciseShares for derivative exercises (M/C/X), giftCount/giftShares for gift dispositions (G), taxWithholdingCount/taxWithholdingShares for tax withholding (F), restructuringCount/restructuringShares for entity restructuring (J/K/W/Z), and derivativeTransactionCount for all derivative-type records"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did CCSI CTO Jeffrey Sullivan report?
Jeffrey Sullivan reported dispositions of Consensus Cloud Solutions common stock to cover tax liabilities. A total of 2,374 shares were withheld in connection with Restricted Stock Unit vesting, reflected as Form 4 code "F" transactions rather than open-market sales.
Were Jeffrey Sullivan’s CCSI Form 4 transactions open-market sales?
No, the transactions were not open-market sales. They were Form 4 code "F" dispositions, meaning shares were withheld by the company to pay tax liabilities arising from Restricted Stock Unit vesting, according to the filing’s transaction description and footnote.
What does Form 4 transaction code "F" mean for CCSI insiders?
Form 4 code "F" indicates payment of an exercise price or tax liability by delivering securities. For Consensus Cloud Solutions, it shows the insider satisfied tax obligations on vested Restricted Stock Units by having shares withheld instead of selling them in the open market.
AI-generated analysis. How Rhea-AI works. Not financial advice.
