Hecker Johannes Rolf Peter 4

What Happened
Johannes Rolf Peter Hecker, Chief Revenue Officer and EVP of Consensus Cloud Solutions (CCSI), had 5,000 performance share units (PSUs) convert into common stock on June 29, 2026. Of those 5,000 shares, 2,444 were withheld to cover the tax liability at an implied price of $38.26, producing a withholding value of $93,507. The net result is 2,556 shares issued to Hecker. The conversion is reported as a derivative exercise (code M) with a tax withholding disposition (code F).

Key Details

• Transaction date: June 29, 2026; Form 4 filed July 1, 2026 (appears timely).
• Conversion: 5,000 PSUs -> 5,000 shares (code M, $0.00 exercise price).
• Tax withholding: 2,444 shares withheld/disposed (code F) at $38.26 per share = $93,507.
• Net shares delivered to insider: 2,556 (5,000 - 2,444).
• Shares owned after transaction: not specified in the provided filing data.
• Footnote F1: withholding securities were used to pay tax liability on vesting.
• Footnote F2: This vesting reflects achievement of the fourth of four stock-price performance conditions tied to PSUs granted Dec 7, 2023 (condition: $33.39 close for 20 of 30 trading days and reaching first anniversary).
• Transaction codes: M = exercise/conversion of derivative; F = tax withholding.

Context
This was a vesting/conversion of performance-based restricted awards (PSUs), not an open-market purchase or voluntary sale. Withholding of shares to cover taxes is a common, administrative step and does not by itself indicate a change in sentiment. Because these were PSUs that vested on achievement of specific performance criteria, the issuance reflects meeting those pre-set goals rather than a discretionary buy or sell by the insider.