MALONE JAMES C 4
Research Summary
AI-generated summary
Consensus Cloud (CCSI) CFO James Malone Receives Award and Exercises Derivative
What Happened
- James C. Malone, Chief Financial Officer of Consensus Cloud Solutions, reported receiving 33,069 restricted stock units (RSUs) and acquiring 16,534 shares through the exercise/conversion of a derivative instrument on 2026-02-09. Both transactions are reported at $0.00 per share (no cash paid).
- The RSUs and performance stock units were awarded under the Issuer’s 2021 Stock Plan; the reported values on the Form 4 are $0 because these were awards/conversions rather than open-market purchases or cash exercises.
Key Details
- Transaction date: 2026-02-09; reported on Form 4 filed 2026-02-11 (appears to be within the typical 2-business-day reporting window).
- Prices: $0.00 per share for both the award (A) of 33,069 shares and the exercise/conversion (M) of 16,534 shares.
- Shares owned after transaction: not specified in the excerpt provided.
- Footnotes: F1 = Restricted Stock Unit under the 2021 Stock Plan; F2 = Performance Stock Unit under the 2021 Stock Plan; F3 = PSUs become eligible to vest only when the performance trigger is met and the grant has been held at least 12 months.
- No indication of a 10b5-1 plan, tax-withholding sale, or late filing in the provided data.
Context
- These transactions are award- and conversion-based (not open-market buys or sales). Awards (RSUs/PSUs) are commonly used as compensation and do not necessarily indicate immediate buying or selling sentiment. The PSUs carry performance and holding-period conditions, so some or all of those shares may not vest until performance and time conditions are satisfied.