Form 4: Consensus Cloud Solutions Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Jeffrey Alan Sullivan, Chief Technology Officer of Consensus Cloud Solutions, sold shares to cover tax liabilities related to vesting restricted stock units.
Summary
- On March 6, 2024, Jeffrey Alan Sullivan, the Chief Technology Officer of Consensus Cloud Solutions, Inc., disposed of 105 shares of common stock.
- The transaction was executed to cover a tax liability incident to the vesting of restricted stock units under the company's 2021 Stock Plan.
- The shares were sold at a price of $13.42 per share.
- Following the transaction, Sullivan directly owns 39,345 shares of Consensus Cloud Solutions, Inc.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing related to an insider stock sale for tax purposes. It doesn't convey strong positive or negative sentiment.
Industry Context
Insider sales are a common occurrence, particularly when executives exercise stock options or have restricted stock units vesting, leading to tax obligations. The sale itself doesn't necessarily indicate a negative outlook for the company, but it's a transaction investors often monitor.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders.
Key Dates
| Date | Description |
|---|---|
| 03/06/2024 | Date of transaction: Sullivan disposed of 105 shares of common stock to cover tax liability. |
| 03/08/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.