Consensus Cloud (NASDAQ: CCSI) CLO exercises PSUs, withholds shares for tax payment
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Consensus Cloud Solutions Chief Legal Officer Vithya Aubee reported routine equity compensation activity involving performance-based stock units. On the vesting of 3,500 performance stock units tied to the company’s share price, those units were converted into 3,500 shares of common stock. To cover related tax obligations, 2,122 shares of common stock were withheld, described as a tax-withholding disposition rather than an open-market sale. After these transactions, Aubee directly owned 77,931 shares of common stock, reflecting a modest net increase in her equity stake.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,500 shares exercised/converted
Mixed
3 txns
Insider
Aubee Vithya
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Unit | 3,500 | $0.00 | -- |
| Exercise | Common Stock | 3,500 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,122 | $38.26 | $81K |
Holdings After Transaction:
Performance Stock Unit — 0 shares (Direct, null);
Common Stock — 77,931 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 fourth 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 $33.39 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
Performance stock units vested: 3,500 units
Shares withheld for taxes: 2,122 shares
Shares owned after transactions: 77,931 shares
+1 more
4 metrics
Performance stock units vested
3,500 units
Converted into common stock on 2026-06-29
Shares withheld for taxes
2,122 shares
Tax-withholding disposition on 2026-06-29
Shares owned after transactions
77,931 shares
Direct ownership following reported activity
Performance condition price
$33.39 per share
Required closing price for PSU vesting condition
Key Terms
Performance Stock Unit, performance share units ("PSUs"), contingent right, tax-withholding disposition, +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.
contingent right financial
"Each PSU represents a contingent right to receive one share of the Company's common stock."
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.
Exercise or conversion of derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
FAQ
What insider transactions did CCSI Chief Legal Officer Vithya Aubee report?
Vithya Aubee reported the vesting and exercise of 3,500 performance stock units into common stock and the withholding of 2,122 shares to satisfy tax obligations, resulting in routine equity compensation activity rather than an open-market stock purchase or sale.
Were the CCSI Form 4 transactions open-market buys or sells?
The reported CCSI transactions were not open-market buys or sells. They reflect a derivative exercise of 3,500 performance stock units into common shares and a tax-withholding disposition of 2,122 shares to cover tax liabilities associated with the vesting event.
What triggered the vesting of Vithya Aubee’s performance stock units at CCSI?
The vesting occurred when CCSI’s common stock closed at or above $33.39 for at least 20 trading days within 30 consecutive trading days and the grant reached its first anniversary, satisfying the fourth of four specified stock price performance conditions.