Consensus Cloud Solutions (CCSI) CTO has 336 shares withheld to cover RSU tax liability
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Consensus Cloud Solutions, Inc. reported that Chief Technology Officer Jeffrey Alan Sullivan had 336 shares of common stock withheld on May 10, 2026 to cover tax obligations tied to the vesting of a Restricted Stock Unit. This tax-withholding disposition was priced at $34.00 per share and was not an open-market sale. After the withholding, Sullivan directly owned 104,639 shares of Consensus Cloud Solutions common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Sullivan Jeffrey Alan
Role
Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 336 | $34.00 | $11K |
Holdings After Transaction:
Common Stock — 104,639 shares (Direct, null)
Footnotes (1)
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Key Figures
Tax-withheld shares: 336 shares
Withholding price: $34.00 per share
Shares held after transaction: 104,639 shares
+2 more
5 metrics
Tax-withheld shares
336 shares
Common stock withheld for tax liability on May 10, 2026
Withholding price
$34.00 per share
Value used for tax-withholding disposition
Shares held after transaction
104,639 shares
Direct common stock holdings after tax withholding
Tax-withholding transactions
1 transaction
Single F-code tax-withholding disposition reported
Shares used for tax withholding
336 shares
TaxWithholdingShares in transaction summary
Key Terms
Restricted Stock Unit, tax-withholding disposition, Form 4, Chief Technology Officer
4 terms
Restricted Stock Unit financial
"Payment for a tax liability by withholding securities incident to vesting of a certain Restricted Stock Unit."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
tax-withholding disposition financial
"transaction_action: tax-withholding disposition for payment of tax liability."
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Form 4 regulatory
"INSIDER FILING DATA (Form 4) reporting the transaction details."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Chief Technology Officer financial
"Sullivan Jeffrey Alan serves as Chief Technology Officer of the issuer."
The chief technology officer is the senior executive who sets a company's technology vision and oversees development, engineering, and technical operations—think of them as the lead architect and head mechanic who decides what tools the business builds and how they run. Their choices affect product direction, cost structure, cybersecurity and scalability, so investors watch the CTO to gauge a company’s ability to innovate, compete and manage technical risk.
FAQ
What insider transaction did CCSI disclose for CTO Jeffrey Sullivan?
Consensus Cloud Solutions disclosed that CTO Jeffrey Alan Sullivan had 336 common shares withheld on May 10, 2026 to satisfy a tax liability from Restricted Stock Unit vesting. This was a tax-withholding disposition, not an open-market buy or sell transaction.
What does transaction code F mean in the CCSI Form 4 filing?
Transaction code F on the CCSI Form 4 indicates a payment of exercise price or tax liability by delivering or withholding securities. In this case, 336 shares of common stock were withheld to cover the tax obligation on a Restricted Stock Unit vesting.