Varon Adam 4

What Happened

• Adam Varon, Chief Financial Officer of Consensus Cloud Solutions, reported the vesting/conversion of 1,250 performance share units (PSUs) into common shares on June 29, 2026. The filing shows 1,250 shares acquired via exercise/conversion (code M) at $0.00 and a simultaneous withholding of 523 shares (code F) at $38.26 each to cover tax liabilities, totaling $20,010. Net delivered shares to Varon = 1,250 − 523 = 727 shares.

Key Details

• Transaction date: June 29, 2026 (reported on Form 4 filed July 1, 2026). Filing appears timely (within SEC two-business-day requirement).
• Acquisition: 1,250 shares converted from PSUs (code M) at $0.00 per share.
• Tax withholding: 523 shares withheld (code F) at $38.26 per share = $20,010.
• Net shares received by insider: 727 shares.
• Footnotes: F1 — withholding to pay tax liability on vested PSUs. F2 — vesting triggered by achievement of the fourth of four stock-price performance conditions (stock closed ≥ $33.39 for at least 20 of 30 consecutive trading days and grant reached its first anniversary); each PSU converts to one share.
• Shares owned after the transaction: not specified in the filing.

Context

• This was not an open-market buy or sale signaling a trading decision; it was the automatic vesting/conversion of performance awards and routine tax withholding. For derivative entries, "M" indicates conversion/exercise of a derivative (the PSUs), and "F" indicates shares withheld to satisfy tax obligations. Purchases typically carry more informational weight for bullish signals; vesting + withholding is standard compensation mechanics.