Optimum Communications (OPTU) CFO logs tax share withholding on RSU vest
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Optimum Communications, Inc. Chief Financial Officer Marc Sirota reported a tax-withholding disposition of 338,121 shares of Class A common stock at $1.42 per share. These shares were withheld by the company to satisfy taxes due upon the vesting of restricted share units granted under the 2017 Long Term Incentive Plan. After this withholding, Sirota directly owns 1,029,384 shares of Class A common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Sirota Marc
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A common stock | 338,121 | $1.42 | $480K |
Holdings After Transaction:
Class A common stock — 1,029,384 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What insider transaction did Optimum Communications (OPTU) disclose in this Form 4?
Optimum Communications disclosed that CFO Marc Sirota had 338,121 Class A shares withheld to cover taxes on vested restricted share units. This was a tax-withholding disposition, not an open-market stock sale, and relates to the company’s 2017 Long Term Incentive Plan.
Was the Optimum Communications (OPTU) CFO’s Form 4 transaction an open-market sale?
No, the transaction was not an open-market sale. The Form 4 shows a tax-withholding disposition, where 338,121 shares were withheld by the company to satisfy tax liabilities arising from the vesting of restricted share units under the long-term incentive plan.