Form 4: Altice USA CFO Marc Sirota Acquires Shares and Reports Beneficial Ownership

Altice USA's Chief Financial Officer, Marc Sirota, reports acquiring shares and updating his beneficial ownership in the company.

Summary

• On March 18, 2024, Marc Sirota, the Chief Financial Officer of Altice USA, Inc. acquired 570,342 shares of Class A common stock.
• Following this transaction, Sirota directly owns 1,232,184 shares of Altice USA Class A common stock.
• The filing also details restricted share units granted to Sirota under the Altice USA 2017 Long Term Incentive Plan, which vest in equal installments on March 1, 2025, 2026, and 2027.

Sentiment

Score: 6

Explanation: The document is a standard SEC filing related to executive stock ownership. It doesn't inherently convey positive or negative sentiment, but the CFO's increased stake could be seen as a mildly positive signal.

Positives

• The CFO's acquisition of shares could be interpreted as a sign of confidence in the company's future prospects.

Future Outlook

The document outlines the vesting schedule for restricted share units, indicating future compensation milestones for the CFO.

Industry Context

This filing is a routine disclosure related to executive compensation and ownership, common in publicly traded companies.

Comparison to Industry Standards

• Executive compensation packages, including restricted share units, are a standard practice among publicly traded companies like Altice USA to incentivize and retain key personnel.
• The vesting schedule of the restricted share units is typical, aligning executive interests with long-term shareholder value.
• Comparable companies such as Charter Communications and Comcast also utilize similar equity-based compensation plans for their executives.

Stakeholder Impact

• Shareholders may view the CFO's increased ownership as a positive sign of alignment with their interests.
• Employees may see this as a sign of stability in the management team.

Key Dates