Optimum Communications (NASDAQ: OPTU) CAO has RSU tax shares withheld
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Optimum Communications, Inc. Chief Accounting Officer Maria Bruzzese reported a tax-withholding disposition involving 5,914 shares of Class A common stock at $1.29 per share. These shares were withheld to cover taxes upon the vesting of restricted share units granted under the company’s 2017 Long Term Incentive Plan. After this non-market transaction, she directly holds 450,658 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Bruzzese Maria
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A common stock | 5,914 | $1.29 | $8K |
Holdings After Transaction:
Class A common stock — 450,658 shares (Direct)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 5,914 shares
Withholding price per share: $1.29 per share
Shares held after transaction: 450,658 shares
+1 more
4 metrics
Shares withheld for taxes
5,914 shares
Class A common stock withheld for RSU tax obligations
Withholding price per share
$1.29 per share
Valuation used for tax-withholding disposition
Shares held after transaction
450,658 shares
Direct Class A common stock ownership after withholding
Transaction code
F
Payment of tax liability by delivering securities
Key Terms
restricted share units, tax-withholding disposition, 2017 Long Term Incentive Plan, Class A common stock
4 terms
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
2017 Long Term Incentive Plan financial
"granted pursuant to the Optimum Communications, Inc. ... 2017 Long Term Incentive Plan"
Class A common stock financial
"Represents shares of the Issuer's Class A common stock withheld for taxes"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
What insider transaction did Optimum Communications (OPTU) report for Maria Bruzzese?
Optimum Communications reported that Chief Accounting Officer Maria Bruzzese had 5,914 Class A common shares withheld at $1.29 per share. The shares covered taxes due on vesting restricted share units granted under the 2017 Long Term Incentive Plan.
Was the Optimum Communications (OPTU) Form 4 transaction an open-market sale?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. Shares were withheld by the company to satisfy tax obligations triggered when restricted share units vested under the 2017 Long Term Incentive Plan.