Form 4: Charter Communications CFO Jessica Fischer Reports Stock Transactions
SEC Form 4 Filing
Charter Communications' Chief Financial Officer, Jessica Fischer, reported the vesting of restricted stock units and the subsequent withholding of shares for tax purposes.
Summary
- Jessica Fischer, the Chief Financial Officer of Charter Communications, reported transactions involving the company's Class A Common Stock.
- On January 17, 2025, 594 restricted stock units vested, converting into Class A Common Stock.
- Also on January 17, 2025, 205 shares of Class A Common Stock were withheld to cover tax obligations at a price of $350.64 per share.
- Following these transactions, Ms. Fischer directly owns 1,616 shares of Class A Common Stock.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to executive compensation, which is neither particularly positive nor negative. It is a normal part of the company's operations.
Industry Context
This is a routine filing related to executive compensation and is common for publicly traded companies.
Comparison to Industry Standards
- Stock-based compensation is a common practice among publicly traded companies to align executive interests with shareholder value.
- The vesting of restricted stock units and subsequent tax withholding are standard procedures in executive compensation plans.
- Companies like Comcast (CMCSA) and Altice USA (ATUS) also use similar stock-based compensation methods for their executives.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it is related to executive compensation.
- The transaction does not have a direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 01/18/2022 | Date of grant for the restricted stock units under the 2019 Stock Incentive Plan. |
| 01/17/2025 | Date of vesting for the restricted stock units and the withholding of shares for tax purposes. |
| 01/22/2025 | Date the Form 4 was signed. |
Keywords
Charter Communications, Jessica Fischer, CFO, stock transaction, restricted stock units, Class A Common Stock, Form 4, insider trading
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