Form 4: Altice USA CEO Dennis Mathew Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Altice USA's CEO, Dennis Mathew, reported disposing of shares to cover tax obligations related to vested restricted share units.
Summary
- On March 1, 2025, Dennis Mathew, the Chairman and CEO of Altice USA, Inc., disposed of Class A common stock to cover tax obligations.
- A total of 114,227 shares were disposed of at a price of $2.87 per share.
- Following the transaction, Mathew directly owns 2,120,394 shares of Altice USA Class A common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock transactions by a company insider. It doesn't inherently convey positive or negative sentiment, as it's a routine disclosure.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard practice of covering tax obligations related to equity compensation.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it's a routine disposal of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/01/2025 | Date of transaction: disposal of Class A common stock. |
| 03/04/2025 | Date of signature for the Form 4 filing. |
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