Form 4: Altice USA Executive Michael Olsen Sells Shares to Cover Tax Obligations

Altice USA's General Counsel and CCRO, Michael Olsen, sold 36,396 shares of Class A common stock to cover tax obligations related to vesting restricted share units.

Summary

• Michael Olsen, General Counsel and CCRO of Altice USA, sold 36,396 shares of Class A common stock on December 29, 2024.
• The sale was executed at a price of $2.45 per share.
• This transaction was to cover tax obligations arising from the vesting of restricted share units granted under the Altice USA 2017 Long Term Incentive Plan.
• Following the transaction, Olsen directly owns 1,384,894 shares of Altice USA Class A common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and does not indicate any positive or negative sentiment.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax liabilities when restricted stock units vest.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across publicly traded companies.
• The sale of shares by Michael Olsen is consistent with standard procedures for executives receiving equity compensation.
• Similar transactions are regularly reported by executives at other companies in the telecommunications and media industries.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

Altice USA, Michael Olsen, Class A common stock, SEC Form 4, insider trading, share sale, restricted share units, tax obligations