Form 4: Consensus Cloud Solutions CEO Disposes Shares for Tax Obligations Following RSU Vesting

R. Scott Turicchi, CEO and Director of Consensus Cloud Solutions, Inc. (CCSI), reported the disposition of 3,808 shares of common stock to cover tax liabilities related to the vesting of Restricted Stock Units.

Summary

• R. Scott Turicchi, the Chief Executive Officer and a Director of Consensus Cloud Solutions, Inc. (CCSI), filed a Form 4 detailing a recent transaction.
• On June 15, 2025, Mr. Turicchi disposed of 3,808 shares of CCSI common stock at a price of $21.65 per share.
• This disposition was specifically for the payment of a tax liability, occurring as shares were withheld incident to the vesting of certain Restricted Stock Units (RSUs).
• Following this transaction, Mr. Turicchi directly beneficially owns 197,281 shares of CCSI common stock.
• Additionally, he indirectly beneficially owns 5,757 shares through the Turicchi Family Foundation.
• The direct beneficial ownership figure of 197,281 shares includes 629 shares that were acquired under the Employee Stock Purchase Plan (ESPP) on May 15, 2025.

Sentiment

Score: 5

Explanation: The transaction is a routine, non-discretionary disposition of shares for tax purposes related to RSU vesting, which is a common practice and does not indicate a change in management's sentiment or outlook on the company's performance.

Positives

• The transaction stems from the vesting of Restricted Stock Units (RSUs), indicating that the CEO received equity compensation as part of his remuneration package.
• The inclusion of 629 shares acquired under the ESPP on May 15, 2025, demonstrates ongoing participation in employee stock ownership programs.

Negatives

• The CEO's direct beneficial ownership of common stock decreased by 3,808 shares due to the disposition for tax purposes.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: The transaction results in a minor reduction in the CEO's direct beneficial ownership, but as it is a non-discretionary sale for tax purposes, it is unlikely to signal a change in confidence or strategy.

Key Dates

Keywords

Consensus Cloud Solutions, CCSI, R. Scott Turicchi, Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Tax Liability, Stock Disposition, CEO