Form 4: CCSI CTO Vests Shares as Stock Price Target Met

Consensus Cloud Solutions' CTO Jeffrey Alan Sullivan vested performance stock units after the company's stock met a key price condition.

Summary

• Jeffrey Alan Sullivan, Chief Technology Officer of Consensus Cloud Solutions, Inc. (CCSI), reported transactions on March 13, 2026.
• Sullivan acquired 8,237 shares of common stock through the vesting of Performance Stock Units (PSUs).
• Concurrently, 4,026 shares were disposed of at a price of $30.05 per share to cover tax liabilities related to the vesting.
• Following these transactions, Sullivan beneficially owns 104,975 shares of common stock.
• The vesting event signifies the achievement of the second of four stock price performance conditions for PSUs granted on December 6, 2024.
• This condition was met when CCSI's common stock closed at or above $27.61 for at least 20 trading days within a 30-consecutive-day period, and the grant reached its first anniversary.
• Sullivan retains 16,473 derivative securities (Performance Stock Units) after this transaction.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a positive indicator, as the achievement of a stock price performance condition for executive compensation suggests the company is meeting internal targets and potentially demonstrating market strength.

Positives

• The company's common stock successfully met a performance condition, closing at or above $27.61 for 20 out of 30 consecutive trading days.
• The vesting of 8,237 Performance Stock Units for the CTO indicates positive progress towards executive compensation goals tied to stock performance.

Negatives

• 4,026 shares were withheld to cover tax liabilities, reducing the net shares received by the CTO.

Future Outlook

The vesting of these PSUs represents the achievement of the second of four stock price performance conditions. This implies that there are two more performance conditions remaining for the full vesting of the initial PSU grant made on December 6, 2024, suggesting future stock price targets or other performance metrics will need to be met.

Management Comments

• "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."

Industry Context

StockSavvy.ai notes that executive compensation tied to stock performance, particularly through PSUs, is a common practice across the technology and cloud solutions industry. This aligns executive incentives with shareholder value creation. The achievement of a specific stock price target, as seen with CCSI, can be viewed positively as it demonstrates the company's ability to meet internal performance benchmarks, potentially signaling underlying operational strength or market confidence.

Stakeholder Impact

• Shareholders: Positive impact as the vesting of PSUs is tied to the achievement of a stock price performance condition, indicating value creation.
• Employees (specifically CTO): Positive impact due to the vesting of compensation tied to company performance.

Next Steps

• Achievement of the remaining two stock price performance conditions for the PSUs granted on December 6, 2024.

Key Dates

Keywords

Consensus Cloud Solutions, CCSI, Jeffrey Alan Sullivan, CTO, Form 4, insider transaction, stock vesting, performance stock unit, PSU, executive compensation, share disposition, tax withholding