Dennis Mathew, Chairman and CEO of Optimum Communications, Inc., filed a Form 4 on October 28, 2026, reporting a tax-withholding transaction on October 26, 2026, in which 220,043 shares of Class A common stock were withheld upon the vesting of restricted share units.

Key Highlights

  • Reporting person: Dennis Mathew, Chairman and CEO, and a Director of Optimum Communications, Inc. (OPTU)
  • Transaction type: Code F (shares withheld for taxes upon RSU vesting), dated October 26, 2026
  • Shares withheld: 220,043 shares of Class A common stock, disposed of at $0.66 per share
  • Beneficial ownership after transaction: 2,539,405 shares of Class A common stock, held directly
  • RSU plan: Shares were withheld under the Optimum Communications, Inc. (f/k/a Altice USA, Inc.) 2017 Long Term Incentive Plan, as amended
  • No derivative securities: Table II of the filing contains no reported derivative transactions

Dennis Mathew RSU Tax Withholding Transaction at Optimum Communications

According to the Form 4 filed with the SEC on October 28, 2026, Dennis Mathew, who serves as Chairman and CEO and is also a Director of Optimum Communications, Inc. (NYSE:OPTU), reported a single transaction in non-derivative securities. On October 26, 2026, 220,043 shares of the issuer's Class A common stock were withheld at a price of $0.66 per share. The filing classifies this as a transaction code F disposition.

The filing states in its explanation of responses that the transaction "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." This type of withholding is a standard mechanism by which a company retains a portion of vesting shares to satisfy the reporting person's tax obligations, rather than a discretionary open-market sale.

Following the reported transaction, Mathew directly held 2,539,405 shares of Class A common stock, according to the filing. No indirect holdings or derivative securities transactions were reported. The form was filed by one reporting person and was not marked as an amendment to a prior filing.

What Was Disclosed

Dennis Mathew's Form 4 discloses a tax-related withholding of 220,043 Class A common shares at $0.66 each on October 26, 2026, tied to RSU vesting under Optimum Communications' 2017 Long Term Incentive Plan, leaving him with 2,539,405 directly held shares.