Form 4: Altice USA Director Susan C. Schnabel Reports Acquisition of Restricted Share Units

Director Susan C. Schnabel reports acquisition of restricted share units in Altice USA, Inc.

Summary

• On February 12, 2025, Susan C. Schnabel, a director of Altice USA, Inc. (ATUS), acquired 53,381 shares of Class A common stock.
• These shares were granted as restricted share units under the Amended and Restated Altice USA 2017 Long Term Incentive Plan.
• The restricted share units vest in equal installments on February 12, 2026, and February 12, 2027.
• Following the transaction, Schnabel directly owns 183,697 shares of Altice USA Class A common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The acquisition of restricted share units suggests confidence in the company's future, but it's a routine transaction.

Positives

• The acquisition of restricted share units indicates a continued alignment of the director's interests with the long-term performance of Altice USA.
• The vesting schedule encourages long-term commitment and focus on the company's success.

Future Outlook

The restricted share units will vest in equal installments on February 12, 2026, and February 12, 2027, contingent on continued service or achievement of performance milestones as defined in the Amended and Restated Altice USA 2017 Long Term Incentive Plan.

Industry Context

This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It provides transparency regarding the equity holdings of company directors.

Comparison to Industry Standards

• Equity compensation is a common practice among publicly traded companies to align the interests of executives and directors with those of shareholders.
• Vesting schedules, such as the one described in this filing, are standard in the industry to incentivize long-term commitment.
• Companies like Comcast, Charter Communications, and Verizon also utilize similar equity-based compensation plans for their executives and directors.

Stakeholder Impact

• The acquisition of restricted share units by a director can be viewed positively by shareholders as it aligns management's interests with the company's long-term success.

Key Dates