Form 4: Consensus Cloud Solutions Officer 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 related to vesting restricted stock units.
Summary
- On June 15, 2024, Jeffrey Alan Sullivan, the Chief Technology Officer of Consensus Cloud Solutions, Inc., disposed of 427 shares of common stock to cover a tax liability.
- The shares were sold at a price of $17.53 per share.
- Following the transaction, Sullivan beneficially owns 39,323 shares of Consensus Cloud Solutions, Inc.
- This includes 759 shares acquired under the ESPP Purchase on May 15, 2024.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
This is a routine Form 4 filing, indicating insider activity related to stock compensation and tax obligations. It's common for executives to sell shares to cover taxes when restricted stock units vest.
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 |
|---|---|
| 05/15/2024 | Sullivan acquired 759 shares under the ESPP Purchase. |
| 06/15/2024 | Sullivan disposed of 427 shares of common stock to cover tax liability. |
| 06/18/2024 | Date of signature for the Form 4 filing. |
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