Form 4: Altice USA Executive Michael Olsen Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Michael Olsen, General Counsel and CCRO of Altice USA, disposed of shares to cover tax obligations related to vesting restricted share units.
Summary
- On June 29, 2024, Michael Olsen, General Counsel and CCRO of Altice USA, disposed of 24,927 shares of Class A common stock.
- The shares were withheld for taxes upon the vesting of restricted share units granted under the Altice USA 2017 Long Term Incentive Plan, as amended.
- The transaction price was $2.06 per share.
- Following the transaction, Olsen directly owns 1,421,290 shares of Altice USA Class A common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reflects a standard transaction for tax purposes.
Industry Context
This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 06/29/2024 | Date of transaction (share disposal) |
| 07/02/2024 | Date of signature on the Form 4 |
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