Varon Adam 4
Research Summary
AI-generated summary
Consensus Cloud (CCSI) CFO Adam Varon Withholds 118 Shares for Taxes
What Happened
Adam Varon, Chief Financial Officer of Consensus Cloud Solutions, delivered 118 shares back to the company as tax withholding related to the vesting of restricted stock units (RSUs). The shares were withheld at an effective price of $29.33 per share for a total value of about $3,461. This was a routine tax-withholding disposition, not an open-market sale.
Key Details
- Transaction date: 2026-05-12; Form 4 filed 2026-05-14 (timely filing).
- Disposition: 118 shares withheld; price used: $29.33; total value ≈ $3,461.
- Transaction code: F — shares withheld to satisfy tax withholding on vesting.
- Footnote: Withholding securities incident to RSU vesting (tax payment).
- Shares owned after the transaction: not specified in the summary provided.
Context
Withholding shares to cover taxes on vested RSUs is a common, administrative action and does not necessarily indicate the insider's view of the stock. This was effectively a cashless tax-withholding rather than a sale into the open market.