Hecker Johannes Rolf Peter 4

What Happened
Johannes R. Hecker, Chief Revenue Officer & EVP of Consensus Cloud Solutions (CCSI), had 8,985 performance-based units (PSUs) convert into common stock on March 13, 2026. 4,391 of those shares were withheld/treated as disposed to cover his tax liability at $30.05 per share (≈ $131,950). The PSUs converted at $0.00 exercise price; the net shares issued to Hecker were 4,594 (8,985 exercised − 4,391 withheld). This is a vesting/award conversion rather than an open-market purchase or a voluntary sale.

Key Details

• Transaction date: 2026-03-13 (reported on Form 4 filed 2026-03-17 — appears to be filed late).
• Primary events: Exercise/conversion of 8,985 PSUs (Code M); 4,391 shares withheld to satisfy tax withholding (Code F).
• Prices/values: PSUs converted at $0.00; withheld shares valued at $30.05 each for a total tax withholding of ≈ $131,950.
• Shares owned after transaction: Not specified in the provided filing (net issued to insider = 4,594 shares based on the reported entries).
• Footnotes: F1 = withholding securities to pay tax liability on vesting. F2 = Vesting triggered by achievement of the second of four stock-price performance conditions for a PSU grant dated Dec 6, 2024 (closing at/above $27.61 for 20 of 30 trading days and reaching the grant’s first anniversary).
• Transaction codes: M = exercise/conversion of derivative (PSU conversion); F = tax withholding on vesting.

Context
This was a performance-vesting conversion (PSUs) that resulted in shares being issued and a portion withheld for taxes — a routine administrative event rather than a directional buy/sell decision. The filing was submitted 4 days after the transaction date, which is later than the standard two-business-day reporting window for Form 4s.