Varon Adam 4
4 · Consensus Cloud Solutions, Inc. · Filed Jun 18, 2026
Research Summary
AI-generated summary of this filing
Consensus Cloud (CCSI) CFO Adam Varon Receives 2,872 Shares
What Happened
Adam Varon, Chief Financial Officer of Consensus Cloud Solutions, had performance share units (PSUs) vest on June 16–17, 2026. The filing shows conversion/exercise of 2,872 PSUs into common stock (1,250 on 6/16 and 1,622 on 6/17) at $0.00 per share (vesting settlement). To cover tax withholding, 523 shares were withheld on 6/16 at $34.72 ($18,159) and 678 shares were withheld on 6/17 at $34.19 ($23,181), a total tax-withholding value of $41,340. Net shares delivered to Varon = 2,872 − 1,201 = 1,671 shares.
Key Details
- Transaction dates: June 16, 2026 and June 17, 2026; filing date June 18, 2026 (timely).
- Vesting/conversion: 1,250 PSUs (6/16) and 1,622 PSUs (6/17) converted into common stock (recorded as derivative exercises, code M).
- Tax withholding (dispositions): 523 shares @ $34.72 on 6/16; 678 shares @ $34.19 on 6/17 (code F); total withheld value ≈ $41,340.
- Net shares received by Varon: 1,671 shares.
- Shares owned after transaction: not specified in the provided excerpt of the filing.
- Footnotes: withholding was to satisfy tax liabilities incident to PSU vesting (F1). The vesting reflects achievement of performance price conditions tied to PSU grants dated Dec 7, 2023 (second of four conditions) and Dec 6, 2024 (third of four conditions) (F2, F3).
Context
- These transactions are award vesting/settlement events (PSUs converting to common stock), not open-market purchases or voluntary sales. The $0.00 per-share entries reflect conversion at vesting; the only cash value shown is the market value of shares withheld to pay taxes.
- Performance conditions: per the filing, the PSUs vested because the company’s stock met specified closing-price thresholds for the required trading-day windows for the referenced grants.
- For retail investors: vesting and tax-withholding are routine compensation events and do not necessarily signal insider buying or selling intentions beyond standard payroll/tax mechanics.
Insider Transaction Report
Form 4
Varon Adam
Chief Financial Officer
Transactions
- Exercise/Conversion
Common Stock
2026-06-16+1,250→ 40,771 total - Tax Payment
Common Stock
[F1]2026-06-16$34.72/sh−523$18,159→ 40,248 total - Exercise/Conversion
Common Stock
2026-06-17+1,622→ 41,870 total - Tax Payment
Common Stock
[F1]2026-06-17$34.19/sh−678$23,181→ 41,192 total - Exercise/Conversion
Performance Stock Unit
[F2]2026-06-16−1,250→ 2,500 totalExercise: $0.00→ Common Stock $0.01 Par Value (3,500 underlying) - Exercise/Conversion
Performance Stock Unit
[F3]2026-06-17−1,622→ 1,622 totalExercise: $0.00→ Common Stock $0.01 Par Value (6,365 underlying)
Footnotes (3)
- [F1]Payment for a tax liability by withholding securities incident to vesting of a certain Performance Stock Unit.
- [F2]This vesting event signifies the achievement of the second of four stock price performance conditions associated with a grant of performance share units ("PSUs") made on December 7, 2023. The condition was met when the Company's common stock closed at or above $28.89 for at least twenty (20) trading days within a period of thirty (30) consecutive trading days and the grant reached its first anniversary. Each PSU represents a contingent right to receive one share of the Company's common stock.
- [F3]This vesting event signifies the achievement of the third of four stock price performance conditions associated with a grant of performance share units ("PSUs") made on December 6, 2024. The condition was met when the Company's common stock closed at or above $28.99 for at least twenty (20) trading days within a period of thirty (30) consecutive trading days and the grant reached its first anniversary. Each PSU represents a contingent right to receive one share of the Company's common stock.
Signature
/s/ Vithya Aubee, Attorney-in-Fact|2026-06-18