Hecker Johannes Rolf Peter 4

What Happened
Johannes R. Hecker, Chief Revenue Officer & EVP of Consensus Cloud Solutions (CCSI), had performance-based equity convert into common stock on June 25, 2026. The filing shows conversion/exercise of derivative awards totaling 13,985 shares (5,000 shares recorded at $0.00 and 8,985 shares recorded at $35.03 for $314,745). To cover tax withholding, 6,835 shares were disposed/withheld at $35.03, yielding $239,430. Net shares delivered to Hecker after withholding were 7,150 (approximately $250,465 at $35.03/share). These transactions reflect vesting/conversion rather than an open-market purchase or voluntary sale.

Key Details

• Transaction date: June 25, 2026 (reported on Form 4 filed June 29, 2026).
• Acquisitions: 5,000 shares @ $0.00 (conversion of PSUs); 8,985 shares @ $35.03 = $314,745.
• Dispositions/withholding: 6,835 shares @ $35.03 = $239,430 (to pay tax liability).
• Net shares retained by insider: 7,150 shares (13,985 acquired − 6,835 withheld). Estimated market value of net shares ≈ $250,465 at $35.03/sh.
• Footnotes: Vesting tied to achieving stock-price performance conditions for PSU grants (dec. 7, 2023 and dec. 6, 2024). Withholding of shares was used to satisfy tax obligations.
• Filing timeliness: Report filed within the normal reporting window (filed 6/29 for 6/25 transaction); no late filing indicated.
• Shares owned after transaction: Not specified in the provided filing excerpt.

Context
These entries reflect conversion/vesting of performance share units (PSUs) upon satisfaction of stock-price conditions — a common executive compensation event. The withholding/disposition of shares to cover taxes is routine and not the same as an open-market sale. For retail investors, receipt/vesting of shares is generally informational (shows compensation realization) rather than a straightforward bullish or bearish insider trade signal.