Optimum CFO reports tax share withholding
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.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A common stock | 338,121 | $1.42 | $480K |
Footnotes (1)
- F1. Represents shares of the Issuer's Class A common stock withheld for taxes upon the vesting of restricted share units granted pursuant to the Optimum Communications, Inc. (f/k/a Altice USA, Inc.) 2017 Long Term Incentive Plan, as amended.
FAQ
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What insider transaction did Optimum Communications (OPTU) disclose in this Form 4?
Was the Optimum Communications (OPTU) CFO’s Form 4 transaction an open-market sale?
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