Form 4: Altice USA CFO Marc Sirota Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Marc Sirota, CFO of Altice USA, disposed of shares to cover tax obligations related to vesting restricted share units.
Summary
- On March 1, 2025, Marc Sirota, the Chief Financial Officer of Altice USA, Inc., disposed of 226,536 shares of Class A common stock to cover tax obligations.
- The shares were withheld for taxes upon the vesting of restricted share units granted pursuant to the Amended and Restated Altice USA 2017 Long Term Incentive Plan, as amended.
- The transaction was executed at a price of $2.87 per share.
- Following the transaction, Sirota beneficially owns 1,005,648 shares of Altice USA Class A common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. This transaction is related to tax obligations arising from vested equity compensation, which is a common occurrence for executives.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/01/2025 | Date of stock disposal transaction |
| 03/04/2025 | Date of signature on the Form 4 filing |
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