Krulich Karel 4

What Happened

• Karel Krulich, Chief Accounting Officer of Consensus Cloud Solutions (CCSI), had performance stock units (PSUs) vest and convert into 900 shares on 2026-06-29. Of those, 336 shares were withheld to satisfy tax withholding obligations at $38.26 per share, totaling $12,855. The filing records the conversion/exercise of the derivative award and the tax-withholding disposition.

Key Details

• Transaction date: 2026-06-29; Filing date: 2026-07-01 (appears timely).
• Reported entries:
  • Conversion/exercise of derivative (PSUs): 900 shares acquired at $0.00 (code M).
  • Tax withholding: 336 shares withheld/disposed at $38.26 each, total $12,855 (code F).
• Shares owned after the transaction: not specified in the filing.
• Footnotes:
  • F1: The 336-share disposition was a tax withholding incident to PSU vesting.
  • F2: The PSUs vested because the fourth stock-price performance condition was met (common stock closed at or above $33.39 for ≥20 trading days within a 30-day window and the grant reached its first anniversary). Each PSU converts to one share.
• Transaction codes explained: M = conversion/exercise of a derivative (PSU); F = shares withheld to pay taxes.

Context

• This was a vesting and tax-withholding event, not an open-market sale or a purchase. Withholding shares to cover taxes is a routine administrative step when awards vest and does not necessarily indicate positive or negative insider sentiment.
• The vesting was performance-based (stock-price condition met), which resulted in the contingent PSUs converting to common shares.