Form 4: Altice USA Executive Michael Olsen Reports Stock Transactions
SEC Form 4 Filing
Michael Olsen, General Counsel and CCRO of Altice USA, reports the acquisition and disposal of Class A common stock on March 1, 2024, due to vesting of restricted share units and deferred cash awards.
Summary
- On March 1, 2024, Michael Olsen, General Counsel and CCRO of Altice USA, engaged in transactions involving the company's Class A common stock.
- Olsen disposed of 84,970 shares to cover tax obligations related to the vesting of restricted share units at a price of $2.97 per share.
- He also acquired 194,995 shares upon the vesting of deferred cash-denominated awards, also at $2.97 per share.
- Following these transactions, Olsen's direct ownership increased to 875,875 shares of Class A common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by an executive, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities in the company's stock.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent routine executive compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of stock transactions (disposal and acquisition). |
| 03/05/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.