Form 4: Altice USA Executive Michael Olsen Reports Acquisition of Class A Common Stock

Michael Olsen, General Counsel and CCRO of Altice USA, reports acquiring 568,182 shares of Class A common stock on March 18, 2025, while also holding restricted share units.

Summary

• On March 18, 2025, Michael Olsen, the General Counsel and CCRO of Altice USA, reported a transaction involving the company's Class A common stock.
• Olsen acquired 568,182 shares of Class A common stock.
• Following the transaction, Olsen directly owns 1,771,204 shares.
• The report also mentions restricted share units granted to Olsen under the 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, with each unit representing a contingent right to receive one share of Altice USA's Class A common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard SEC filing indicating an executive's stock transactions. The acquisition of shares could be seen as mildly positive, but it's not a major event.

Positives

• The acquisition of shares by a high-ranking executive could be interpreted as a positive signal regarding their confidence in the company's future prospects.

Future Outlook

The vesting schedule of the restricted share units indicates a long-term incentive plan for the executive, aligning their interests with the company's performance over the next few years.

Industry Context

Executive stock ownership is a common practice in publicly traded companies to align management's interests with those of shareholders. This filing is a routine disclosure required by the SEC.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment, as it signals confidence from a key executive.

Key Dates

Keywords

Altice USA, Michael Olsen, Class A Common Stock, Restricted Share Units, Beneficial Ownership, SEC Form 4, Securities