Optimum Communications (OPTU) CAO disposes 24,282 shares for taxes
Rhea-AI Filing Summary
Optimum Communications, Inc. Chief Accounting Officer Maria Bruzzese reported a tax-related share disposition. On this Form 4, 24,282 shares of Class A common stock were withheld at $1.42 per share to satisfy taxes due upon vesting of restricted share units under the company’s 2017 Long Term Incentive Plan. After this withholding transaction, Bruzzese directly owned 456,572 shares of Class A common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 24,282 shares
Net Sell
1 txn
Insider
Bruzzese Maria
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A common stock | 24,282 | $1.42 | $34K |
Holdings After Transaction:
Class A common stock — 456,572 shares (Direct)
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
What does the latest Form 4 for Optimum Communications show?
The Form 4 shows Chief Accounting Officer Maria Bruzzese had 24,282 Class A shares withheld to cover taxes on restricted share unit vesting. These were not open-market sales but tax-withholding dispositions under the 2017 Long Term Incentive Plan.
Was the Optimum Communications Form 4 transaction an open-market sale?
No, the transaction was not an open-market sale. The 24,282 shares were withheld by the company to pay tax liabilities upon vesting of restricted share units granted under the 2017 Long Term Incentive Plan, a standard administrative mechanism.
What compensation plan is referenced in the Optimum Communications Form 4?
The Form 4 references the Optimum Communications, Inc. (formerly Altice USA, Inc.) 2017 Long Term Incentive Plan, as amended. Shares were withheld for taxes when restricted share units granted under this equity incentive plan vested for Chief Accounting Officer Maria Bruzzese.
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