CCSI (NASDAQ: CCSI) CRO exercises performance units, withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Consensus Cloud Solutions Chief Revenue Officer & EVP Johannes Rolf Peter Hecker exercised performance stock units and settled related taxes in shares. On March 13, 2026, he exercised 8,985 Performance Stock Units, converting them into 8,985 shares of Common Stock at a stated price of $0.00 per share.
To cover tax liabilities from this vesting, 4,391 Common Stock shares were withheld at an indicated value of $30.05 per share, a non‑market, tax-withholding disposition rather than an open-market sale. Following these transactions, he directly holds 100,046 shares of Common Stock and 17,971 Performance Stock Units, reflecting a routine compensation-related vesting tied to stock price performance conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
8,985 shares exercised/converted
Mixed
3 txns
Insider
Hecker Johannes Rolf Peter
Role
Chief Revenue Officer & EVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Unit | 8,985 | $0.00 | -- |
| Exercise | Common Stock | 8,985 | $0.00 | -- |
| Tax Withholding | Common Stock | 4,391 | $30.05 | $132K |
Holdings After Transaction:
Performance Stock Unit — 17,971 shares (Direct);
Common Stock — 104,437 shares (Direct)
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 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
What insider transactions did CCSI executive Johannes Hecker report on this Form 4?
Johannes Hecker reported exercising 8,985 Performance Stock Units into Common Stock and a related tax-withholding disposition of 4,391 Common Stock shares. These actions are part of compensation vesting, not open‑market buying or selling, and adjust his equity position in Consensus Cloud Solutions.
What triggered the vesting of Performance Stock Units for CCSI executive Johannes Hecker?
The vesting event reflected achievement of the second of four stock price performance conditions on PSUs granted December 6, 2024. The condition required CCSI’s stock to close at or above $27.61 for at least twenty trading days within a thirty‑day window and for the grant to reach its first anniversary.
What type of security did CCSI’s Performance Stock Units convert into for Johannes Hecker?
Each Performance Stock Unit converted into one share of Consensus Cloud Solutions Common Stock. On March 13, 2026, 8,985 Performance Stock Units were exercised, resulting in issuance of 8,985 Common Stock shares as part of Hecker’s equity-based compensation package.
Does this CCSI Form 4 indicate any remaining derivative holdings for Johannes Hecker?
Yes. Following the exercise of 8,985 Performance Stock Units, Johannes Hecker still holds 17,971 Performance Stock Units. These PSUs remain contingent rights to receive Common Stock, dependent on future satisfaction of the specified stock price performance conditions linked to the original grant.