Form 4: Altice USA CFO Marc Sirota Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Altice USA's Chief Financial Officer, Marc Sirota, disposed of shares to cover tax obligations related to vesting restricted share units.
Summary
- On March 1, 2024, Marc Sirota, the Chief Financial Officer of Altice USA, Inc. (ATUS), reported a transaction involving Class A common stock.
- Sirota disposed of 91,927 shares to cover tax obligations.
- The shares were withheld for taxes upon the vesting of restricted share units granted under the Amended and Restated Altice USA 2017 Long Term Incentive Plan, as amended.
- The price per share was $2.97.
- Following the transaction, Sirota beneficially owns 661,842 shares of Altice USA Class A common stock.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of stock disposal for tax purposes, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are standard practice for company insiders reporting transactions in their company's stock, providing transparency to the market.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares for tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of transaction: disposal of shares for tax obligations. |
| 03/05/2024 | Date of signature on the Form 4 filing. |
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