CCSI (CCSI) CFO exercises performance stock units and settles taxes in shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Consensus Cloud Solutions Chief Financial Officer Adam Varon reported routine equity-compensation activity involving performance stock units. On June 16 and 17, 2026, he exercised derivatives to acquire a total of 2,872 shares of common stock and had 1,201 shares withheld to cover tax liabilities, at prices of $34.72 and $34.19 per share for the withholding transactions. Following these events, he directly holds 41,870 shares of common stock. The vesting events reflect the achievement of the second and third stock price performance conditions from PSU grants made on December 7, 2023, and December 6, 2024, which required the stock to close at or above $28.89 and $28.99, respectively, for at least twenty trading days within thirty consecutive trading days and for each grant to reach its first anniversary.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,872 shares exercised/converted
Mixed
6 txns
Insider
Varon Adam
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Unit | 1,622 | $0.00 | -- |
| Exercise | Common Stock | 1,622 | $0.00 | -- |
| Tax Withholding | Common Stock | 678 | $34.19 | $23K |
| Exercise | Performance Stock Unit | 1,250 | $0.00 | -- |
| Exercise | Common Stock | 1,250 | $0.00 | -- |
| Tax Withholding | Common Stock | 523 | $34.72 | $18K |
Holdings After Transaction:
Performance Stock Unit — 1,622 shares (Direct, null);
Common Stock — 41,870 shares (Direct, null)
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 second 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 $28.89 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 third 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 $28.99 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 acquired via exercises: 2,872 shares
Shares withheld for taxes: 1,201 shares
Holding after transactions: 41,870 shares
+4 more
7 metrics
Shares acquired via exercises
2,872 shares
Total derivative exercises on June 16–17, 2026
Shares withheld for taxes
1,201 shares
Tax-withholding dispositions on June 16–17, 2026
Holding after transactions
41,870 shares
Common stock directly held following June 17, 2026
Tax-withholding price 1
$34.72/share
523 shares withheld on June 16, 2026
Tax-withholding price 2
$34.19/share
678 shares withheld on June 17, 2026
PSU hurdle price 2023 grant
$28.89
Second stock price condition for December 7, 2023 PSUs
PSU hurdle price 2024 grant
$28.99
Third stock price condition for December 6, 2024 PSUs
Key Terms
Performance Stock Unit, tax-withholding disposition, derivative exercise/conversion, performance share units ("PSUs"), +1 more
5 terms
Performance Stock Unit financial
"security_title: "Performance Stock Unit""
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-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.
derivative exercise/conversion financial
"transaction_action: "derivative exercise/conversion""
stock price performance conditions financial
"the achievement of the second of four stock price performance conditions"
FAQ
What insider transactions did CCSI CFO Adam Varon report?
Adam Varon reported routine equity-compensation transactions. He exercised derivatives to acquire 2,872 shares of Consensus Cloud Solutions common stock and had 1,201 shares withheld to cover tax liabilities, leaving him with 41,870 directly held shares after the transactions.
Were Adam Varon’s CCSI transactions open-market buys or sells?
The transactions were not open-market buys or sells. They consisted of derivative exercises converting performance stock units into common shares and tax-withholding dispositions, where shares were withheld to satisfy tax obligations related to vesting rather than sold in the market.
What triggered the vesting of CCSI performance stock units reported by the CFO?
The vesting was triggered by stock price performance conditions on performance stock units granted in December 2023 and December 2024. The company’s stock had to close at or above $28.89 and $28.99, respectively, for twenty of thirty consecutive trading days and reach each grant’s first anniversary.
What total number of performance stock units did the CCSI CFO exercise?
The CFO exercised a total of 2,872 performance stock units. These consisted of 1,250 units converted on June 16, 2026, and 1,622 units converted on June 17, 2026, each unit representing a contingent right to receive one share of the company’s common stock.