Optimum Communications (ATUS) CEO reports tax-withholding share disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Optimum Communications, Inc. Chairman and CEO Mathew Dennis reported a tax-related share disposition tied to equity compensation. On the vesting of restricted share units under the company’s 2017 Long Term Incentive Plan, 484,042 shares of Class A common stock were withheld to cover taxes at a price of $1.42 per share. After this withholding, Dennis directly holds 3,310,248 shares of Class A common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Mathew Dennis
Role
Chairman and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A common stock | 484,042 | $1.42 | $687K |
Holdings After Transaction:
Class A common stock — 3,310,248 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Optimum Communications (ATUS) disclose in this Form 4?
Optimum Communications disclosed that Chairman and CEO Mathew Dennis had 484,042 Class A shares withheld to cover taxes upon vesting of restricted share units. This was a tax-withholding disposition, not an open-market purchase or sale of stock.
Was the Optimum Communications (ATUS) Form 4 transaction an open-market sale?
No, the transaction was not an open-market sale. Shares were withheld by the company to satisfy tax obligations when restricted share units vested under the 2017 Long Term Incentive Plan, as amended, rather than being sold on the open market.
What does transaction code F mean in the Optimum Communications (ATUS) Form 4?
Transaction code F indicates payment of an exercise price or tax liability by delivering or withholding securities. In this case, it reflects shares of Class A common stock withheld to cover taxes when restricted share units vested under the company’s long-term incentive plan.
Which equity plan is referenced in the Optimum Communications (ATUS) insider transaction?
The transaction involves restricted share units granted under the Optimum Communications, Inc. (formerly Altice USA, Inc.) 2017 Long Term Incentive Plan, as amended. Shares were withheld upon vesting of these awards to satisfy the associated tax obligations.