Form 4: Consensus Cloud Solutions Chief Technology Officer Sells Shares to Cover Tax Obligations

Jeffrey Alan Sullivan, Chief Technology Officer of Consensus Cloud Solutions, sold 429 shares of common stock to cover tax liabilities related to vesting restricted stock units.

Summary

• Jeffrey Alan Sullivan, the Chief Technology Officer of Consensus Cloud Solutions, sold 429 shares of common stock on December 15, 2024.
• The sale was executed at a price of $24.1 per share.
• This transaction was to cover tax liabilities associated with the vesting of restricted stock units.
• Following the transaction, Sullivan directly owns 71,524 shares of Consensus Cloud Solutions common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and does not indicate any positive or negative sentiment.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.

Comparison to Industry Standards

• Similar transactions are common across the technology sector, where stock-based compensation is a significant part of executive pay.
• Many technology companies use restricted stock units as a form of compensation, and executives often sell a portion of their shares to cover taxes upon vesting.
• This type of transaction is not unusual and is generally considered a normal part of executive compensation management.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

Consensus Cloud Solutions, CCSI, insider trading, stock sale, restricted stock units, tax liability, Jeffrey Alan Sullivan, Chief Technology Officer