Form 4: Altice USA Executive Michael C. Parker Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Michael C. Parker, President of Consumer Services at Altice USA, disposed of shares to cover tax obligations arising from vesting restricted share units.
Summary
- On March 1, 2025, Michael C. Parker, President of Consumer Services at Altice USA, disposed of Class A common stock to cover tax obligations.
- A total of 1,095,754 shares are beneficially owned following the transaction.
- The transaction involved the withholding of 52,726 shares at a price of $2.87 per share.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reflects a routine transaction for tax purposes.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for executives to dispose of shares to cover taxes when restricted stock units vest.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is related to tax obligations of an executive.
Key Dates
| Date | Description |
|---|---|
| 03/01/2025 | Date of the stock disposal transaction. |
| 03/04/2025 | Date of signature for the Form 4 filing. |
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