Form 4: Consensus Cloud Solutions CEO R. Scott Turicchi Reports Stock Transactions
SEC Form 4 Filing
R. Scott Turicchi, CEO of Consensus Cloud Solutions, reports the disposal of shares to cover tax liabilities related to vesting restricted stock units.
Summary
- On March 6, 2024, R. Scott Turicchi, CEO of Consensus Cloud Solutions, disposed of 2,595 shares of common stock to cover a tax liability.
- The shares were withheld incident to the vesting of a restricted stock unit under the company's 2021 Stock Plan.
- The transaction price was $13.42 per share.
- Following the transaction, Turicchi directly owns 217,097 shares and indirectly owns 5,757 shares through the Turicchi Family Foundation.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a routine transaction related to tax obligations.
Industry Context
This is a routine disclosure related to executive compensation and tax obligations. It doesn't necessarily reflect a change in the executive's long-term outlook for the company.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a small percentage of the CEO's overall holdings.
Key Dates
| Date | Description |
|---|---|
| 03/06/2024 | Date of stock transaction |
| 03/08/2024 | Date of signature for the Form 4 filing |
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