Consensus Cloud CRO exercises performance stock units
Consensus Cloud Solutions Chief Revenue Officer & EVP Johannes Rolf Peter Hecker reported equity compensation activity tied to performance stock units.
Rhea-AI Filing Summary
Consensus Cloud Solutions Chief Revenue Officer & EVP Johannes Rolf Peter Hecker reported equity compensation activity tied to performance stock units. On June 25, 2026, performance stock units vested after the company’s stock met price hurdles of $31.06 and $30.44 for specified trading periods and anniversaries. The vesting triggered the exercise of 13,985 performance stock units, each converting into one share of common stock. To cover related tax obligations, 6,835 common shares were withheld at $35.03 per share. After these transactions, Hecker held 114,831 common shares directly.
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Insider Trade Summary
13,985 shares exercised/converted
Exercise
5 txns
Insider
Hecker Johannes Rolf Peter
Role
Chief Revenue Officer & EVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Unit | 5,000 | $0.00 | $0.00 |
| Exercise | Performance Stock Unit | 8,985 | $0.00 | $0.00 |
| Exercise | Common Stock | 5,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 8,985 | $35.03 | $315K |
| Exercise Price or Tax Liability | Common Stock | 6,835 | $35.03 | $239K |
Holdings After Transaction:
Performance Stock Unit — 5,000 contracts (Direct);
Common Stock — 114,831 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
PSUs exercised: 13,985 units
Shares withheld for taxes: 6,835 shares
Withholding price: $35.03 per share
+3 more
6 metrics
PSUs exercised
13,985 units
Performance stock units converting into common stock on June 25, 2026
Shares withheld for taxes
6,835 shares
Tax-withholding disposition at vesting on June 25, 2026
Withholding price
$35.03 per share
Value used for tax-liability share withholding
Post-transaction holdings
114,831 shares
Common stock directly owned by Hecker after transactions
Price hurdle 1
$31.06
Stock price condition for 2023 PSU grant vesting
Price hurdle 2
$30.44
Stock price condition for 2024 PSU grant vesting
Key Terms
Performance Stock Unit, tax liability, stock price performance conditions, 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."
stock price performance conditions financial
"This vesting event signifies the achievement of the third of four stock price performance conditions associated with a grant of performance share units..."
contingent right financial
"Each PSU represents a contingent right to receive one share of the Company's common stock."
trading days within a period of thirty consecutive 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..."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did CCSI executive Johannes Hecker report?
Johannes Hecker reported the vesting and exercise of 13,985 performance stock units, each converting into one share of Consensus Cloud Solutions common stock. As part of this event, shares were also withheld to satisfy tax obligations tied to the vesting.
What stock price conditions triggered the CCSI performance stock unit vesting?
The vesting occurred after CCSI stock closed at or above $31.06 and $30.44 for at least twenty trading days within thirty consecutive trading days, and each grant reached its first anniversary. These conditions related to PSU grants made in December 2023 and December 2024.
What are performance stock units (PSUs) in the CCSI filing?
In this CCSI filing, each performance stock unit represents a contingent right to receive one common share, subject to stock price and time-based conditions. Vesting occurred once the company’s stock met specified price hurdles and the grants reached their first anniversaries.
Were the CCSI insider transactions open-market buys or sales?
The transactions were equity compensation-related, not open-market trades. They included exercises of performance stock units into common shares and a tax-withholding disposition, where shares were withheld by the issuer to satisfy tax liabilities at $35.03 per share.
AI-generated analysis. How Rhea-AI works. Not financial advice.
