MALONE JAMES C 4
Research Summary
AI-generated summary
Consensus Cloud (CCSI) CFO James Malone Receives 5,053 Shares
What Happened
- James C. Malone, Chief Financial Officer of Consensus Cloud Solutions (CCSI), had 5,053 derivative awards converted into 5,053 shares on March 13, 2026. The filing reports an acquisition value of $30.05 per share, totaling $151,843. The transaction is reported as an exercise/conversion of a derivative (code M) and is not a sale of common stock.
Key Details
- Transaction date: 2026-03-13; Form 4 filed: 2026-03-17 (filed within the standard reporting window).
- Reported acquisition: 5,053 shares at $30.05 each (total value $151,843).
- Reported disposition: 5,053 derivative units disposed at $0.00 (this reflects conversion/cessation of the derivative instrument, not a market sale).
- Shares owned after transaction: not disclosed in the provided filing.
- Footnote: The conversion reflects the vesting of performance share units (PSUs) from a Dec 6, 2024 grant after meeting a stock-price performance condition (common stock closed ≥ $27.61 for at least 20 trading days within a 30-day window and the grant reached its one-year anniversary).
Context
- Code M indicates exercise or conversion of a derivative; here it represents PSUs converting into common shares rather than an open-market purchase or sale. No immediate sale of the resulting shares is reported in this filing. Performance-based awards like these vest only after meeting specified targets and are different from voluntary market purchases or sales.