Form 4: Consensus Cloud Solutions Executive Sells Shares to Cover Tax Obligations
SEC Form 4
Jeffrey Alan Sullivan, Chief Technology Officer of Consensus Cloud Solutions, sold shares to cover tax liabilities associated with vesting restricted stock units.
Summary
- On May 10, 2024, Jeffrey Alan Sullivan, the Chief Technology Officer of Consensus Cloud Solutions, Inc. (CCSI), disposed of 334 shares of common stock.
- The transaction was executed to cover a tax liability related to the vesting of restricted stock units.
- The shares were sold at a price of $19.11 per share.
- Following the transaction, Sullivan directly owns 38,991 shares of Consensus Cloud Solutions, Inc.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (selling shares to cover taxes on vested stock). It's neither particularly positive nor negative.
Industry Context
Form 4 filings are a routine part of the US stock market, providing transparency into the transactions of company insiders. This transaction appears to be a standard tax-related sale, which is common after the vesting of restricted stock units.
Stakeholder Impact
- The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.
Key Dates
| Date | Description |
|---|---|
| 05/10/2024 | Date of stock disposal transaction |
| 05/14/2024 | Date of signature for the Form 4 filing |
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