Form 4: Altice USA Executive Maria Bruzzese Reports Acquisition of Shares and Amended Incentive Plan

Maria Bruzzese, Chief Accounting Officer of Altice USA, reports the acquisition of shares and updates to the company's long-term incentive plan.

Summary

• On March 18, 2025, Maria Bruzzese, Chief Accounting Officer of Altice USA, reported a transaction involving Class A common stock.
• Bruzzese acquired 75,758 shares of Class A common stock.
• Following the transaction, Bruzzese directly owns 431,641 shares.
• The report also details restricted share units granted under the Amended and Restated Altice USA 2017 Long Term Incentive Plan.
• These restricted share units vest in equal installments on March 1, 2026, March 1, 2027, and March 1, 2028.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing, so the sentiment is neutral. The acquisition of shares by an executive could be interpreted slightly positively, suggesting confidence in the company.

Positives

• The acquisition of shares by a company executive can be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The document outlines the vesting schedule for restricted share units, indicating future compensation and potential equity ownership for the reporting person.

Industry Context

Executive stock ownership is a common practice in publicly traded companies to align management's interests with those of shareholders. Changes in ownership are routinely reported to the SEC.

Comparison to Industry Standards

• Executive compensation packages, including stock options and restricted share units, are standard practice among publicly traded companies like Altice USA.
• Companies such as Comcast, Charter Communications, and Verizon also utilize similar long-term incentive plans to retain and motivate key executives.
• The vesting schedules and terms of these plans are typically benchmarked against industry peers to ensure competitiveness.

Stakeholder Impact

• Shareholders may view the executive's increased ownership as a positive signal.
• Employees may see the long-term incentive plan as a way to align their interests with the company's success.

Key Dates

Keywords

Altice USA, Maria Bruzzese, Class A Common Stock, Restricted Share Units, Beneficial Ownership, Form 4, Incentive Plan