Form 4: Altice USA Chief Accounting Officer Reports Stock Disposals for Tax Obligations

Maria Bruzzese, Chief Accounting Officer of Altice USA, reports the disposal of Class A common stock to cover tax obligations upon vesting of restricted share units.

Summary

• Maria Bruzzese, the Chief Accounting Officer of Altice USA, reported the disposal of Class A common stock on December 28 and 29, 2024.
• The disposals were made to cover tax obligations related to the vesting of restricted share units granted under the Altice USA 2017 Long Term Incentive Plan.
• On December 28, 2024, 15,539 shares were disposed of at a price of $2.45.
• On December 29, 2024, 2,856 shares were disposed of at a price of $2.45.
• Following these transactions, Bruzzese beneficially owns 375,668 shares of Altice USA Class A common stock.

Sentiment

Score: 5

Explanation: This is a neutral event. It's a standard procedure for covering tax obligations related to stock-based compensation.

Industry Context

This is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies. It doesn't necessarily reflect a change in the executive's confidence in the company.

Stakeholder Impact

• The disposal of shares by a company officer could have a minor, short-term impact on shareholder sentiment, but is unlikely to have a significant long-term effect.

Key Dates