Form 4: Consensus Cloud Solutions CEO R. Scott Turicchi Reports Tax-Related Stock Transaction
SEC Form 4 Filing
R. Scott Turicchi, CEO of Consensus Cloud Solutions, reports disposition of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On March 3, 2025, R. Scott Turicchi, CEO of Consensus Cloud Solutions, disposed of 3,716 shares of common stock to cover a tax liability.
- The shares were withheld incident to the vesting of restricted stock units at a price of $25.65 per share.
- Following the transaction, Turicchi directly owns 204,892 shares and indirectly owns 5,757 shares through the Turicchi Family Foundation.
Sentiment
Score: 5
Explanation: Neutral sentiment as the document reports a routine transaction related to tax obligations.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations from vested stock, which is a common occurrence.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/03/2025 | Date of stock transaction (disposal of shares for tax liability). |
| 03/05/2025 | Date of signature by Attorney-in-Fact. |
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