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 a portion of his common stock to cover tax liabilities associated with the vesting of restricted stock units.
Summary
- On March 13, 2025, Jeffrey Alan Sullivan, the Chief Technology Officer of Consensus Cloud Solutions, Inc., engaged in a transaction involving the company's common stock.
- Sullivan disposed of 22 shares of common stock at a price of $23.43 per share to cover a tax liability.
- The transaction was executed to satisfy tax obligations related to the vesting of restricted stock units.
- Following the transaction, Sullivan directly owns 71,262 shares of Consensus Cloud Solutions, Inc.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations, with no significant positive or negative implications for the company's outlook.
Industry Context
Form 4 filings are a routine part of the US stock market, providing transparency into the transactions of company insiders. This transaction is a common occurrence where executives sell shares to cover tax obligations related to stock-based compensation.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/13/2025 | Date of transaction: Jeffrey Alan Sullivan disposed of shares. |
| 03/17/2025 | Date of signature by Vithya Aubee, Attorney-in-Fact. |
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