4//SEC Filing
Grau Michael 4
Accession 0000947871-23-000274
CIK 0001702780other
Filed
Mar 2, 7:00 PM ET
Accepted
Mar 3, 4:34 PM ET
Size
14.9 KB
Accession
0000947871-23-000274
Insider Transaction Report
Form 4
Altice USA, Inc.ATUS
Grau Michael
Chief Financial Officer
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2023-03-01−750,000→ 0 totalExercise: $28.36Exp: 2030-01-29→ Class A common stock (750,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2023-03-01−83,052→ 0 totalExercise: $24.08Exp: 2029-06-26→ Class A common stock (83,052 underlying) - Award
Class A common stock
2023-03-01+241,116→ 646,779 total - Disposition to Issuer
Stock Option (Right to Buy)
2023-03-01−797,872→ 0 totalExercise: $15.78Exp: 2031-12-29→ Class A common stock (797,872 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2023-03-01−56,903→ 0 totalExercise: $17.57Exp: 2028-06-27→ Class A common stock (56,903 underlying)
Footnotes (6)
- [F1]Represents restricted share units ("RSUs") granted pursuant to the Amended and Restated Altice USA 2017 Long Term Incentive Plan, as amended (the "Plan"). Each RSU represents a contingent right to receive one share of the Issuer's Class A common stock. The RSUs vest in equal installments on each of March 1, 2024 and 2025.
- [F2]On March 1, 2023, the Issuer cancelled, pursuant to the Issuer's stock option exchange program, (i) stock options to purchase 797,872 shares of the Issuer's Class A common stock granted to the Reporting Person on December 29, 2021, (ii) stock options to purchase 56,903 shares of the Issuer's Class A common stock granted to the Reporting Person on June 27, 2018, (iii) stock options to purchase 750,000 shares of the Issuer's Class A common stock granted to the Reporting Person on January 29, 2020 and (iv) stock options to purchase 83,052 shares of the Issuer's Class A common stock granted to the Reporting Person on June 26, 2019. In exchange for the cancelled stock options, the Reporting Person received 241,116 RSUs and $2,411,190 of deferred cash denominated awards ("DCAs"). The RSUs and DCAs will vest in equal installments on each of March 1, 2024 and 2025, subject to the Reporting Person's continued employment with the Issuer on the vesting date.
- [F3]These stock options provided for vesting in equal installments on each of December 29, 2022, 2023 and 2024.
- [F4]These stock options vested on June 27, 2021.
- [F5]These stock options provided for vesting 50% on December 27, 2021, 25% on December 27, 2022 and 25% on December 27, 2023.
- [F6]These stock options vested on June 26, 2022.
Documents
Issuer
Altice USA, Inc.
CIK 0001702780
Entity typeother
Related Parties
1- filerCIK 0001792505
Filing Metadata
- Form type
- 4
- Filed
- Mar 2, 7:00 PM ET
- Accepted
- Mar 3, 4:34 PM ET
- Size
- 14.9 KB