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 associated with vesting restricted stock units.
Summary
- On March 3, 2024, Jeffrey Alan Sullivan, the Chief Technology Officer of Consensus Cloud Solutions, Inc., disposed of 149 shares of common stock to cover a tax liability.
- The shares were sold at a price of $16.39 per share.
- Following the transaction, Sullivan directly owns 39,450 shares of Consensus Cloud Solutions, Inc.
Sentiment
Score: 5
Explanation: The sentiment is neutral as this is a routine transaction to cover tax obligations. It doesn't reflect positively or negatively on the company's performance.
Industry Context
This is a routine transaction where an executive sells shares to cover tax obligations arising from the vesting of stock-based compensation. It's a common practice and doesn't necessarily indicate a change in the executive's confidence in the company.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/03/2024 | Date of transaction: Jeffrey Alan Sullivan disposed of shares to cover tax liability. |
| 03/05/2024 | Date of signature by Attorney-in-Fact. |
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