Consensus Cloud (NASDAQ: CCSI) CAO vests PSUs and withholds shares for tax
Rhea-AI Filing Summary
Consensus Cloud Solutions Chief Accounting Officer Karel Krulich reported equity compensation activity involving performance stock units and related tax withholding. On June 25, 2026, he exercised performance stock units covering 1,622 and 900 shares of common stock, converting these awards into shares.
In connection with this vesting, 941 common shares were disposed of at $35.03 per share to satisfy tax liabilities, which is a tax-withholding mechanism rather than an open-market sale. Following these transactions, Krulich directly held 40,120 shares of Consensus Cloud Solutions common stock.
The footnotes state that the vesting reflected stock price performance conditions from grants made on December 7, 2023 and December 6, 2024, with conditions met after the stock closed at or above $31.06 and $30.44, respectively, for at least twenty trading days within thirty consecutive trading days and after each grant’s first anniversary.
Positive
- None.
Negative
- None.
Insights
Routine PSU vesting with tax withholding; no open-market buying or selling.
The disclosure shows Karel Krulich converting performance stock units into common stock and having 941 shares withheld at $35.03 to cover tax obligations. Code F transactions are mechanical tax payments, not discretionary sales, while code M reflects derivative exercises.
The footnotes highlight that vesting was triggered by stock price performance hurdles of $31.06 and $30.44 sustained over specified trading periods and after each grant’s first anniversary. This ties the awards to share price performance rather than time-based vesting alone.
After these transactions, Krulich held 40,120 common shares directly, and no remaining derivative positions are listed. The pattern is typical of performance-based equity plans and largely administrative from an investment-signal standpoint.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Unit | 900 | $0.00 | -- |
| Exercise | Performance Stock Unit | 1,622 | $0.00 | -- |
| Exercise | Common Stock | 900 | $0.00 | -- |
| Exercise | Common Stock | 1,622 | $35.03 | $57K |
| Tax Withholding | Common Stock | 941 | $35.03 | $33K |
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 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. 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.