Form 4: Altice USA Executive Colleen Schmidt Sells Shares to Cover Tax Obligations

Altice USA's EVP of Human Resources, Colleen Schmidt, sold 24,264 shares of Class A common stock to cover tax obligations related to vesting restricted share units.

Summary

• Colleen Schmidt, EVP of Human Resources at Altice USA, sold 24,264 shares of Class A common stock on December 29, 2024.
• The sale was executed at a price of $2.45 per share.
• This transaction was to cover tax obligations arising from the vesting of restricted share units under the Altice USA 2017 Long Term Incentive Plan.
• Following the transaction, Schmidt beneficially owns 1,043,566 shares of Altice USA Class A common stock.

Sentiment

Score: 5

Explanation: The document reflects a neutral transaction related to executive compensation and tax obligations, with no indication of positive or negative sentiment.

Industry Context

This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a standard practice across publicly listed companies.
• The sale of shares by Colleen Schmidt is consistent with typical executive compensation practices.
• Similar transactions are regularly reported by executives in other companies as part of their compensation packages.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale by an executive to cover tax obligations.

Key Dates

Keywords

Altice USA, Colleen Schmidt, insider trading, Form 4, stock sale, executive compensation, restricted share units, tax obligations