Altice USA Inc
For the period ended Dec 31, 2024. Filed Apr 29, 2025.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
Dec 31, 2024 · Filed Apr 29, 2025
Contents
Pay Versus Performance Table
As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 402(v) of Regulation S-K, we are providing the following information about the relationship between executive compensation actually paid (as defined by SEC rules) and certain financial performance of the Company. Our Compensation Committee did not consider the pay versus performance disclosure when making its incentive compensation decisions. For further information about how we align executive compensation with the Company’s performance, see the Compensation Discussion and Analysis. The amounts in the table below are calculated in accordance with SEC rules and do not represent amounts actually earned or realized by our NEOs, including with respect to options, RSUs and PSUs.
| Year · Summary compensation table total for Dennis Mathew ($)(1) · Compensation actually paid to Dennis Mathew ($)(2) · Summarycompensationtable totalfor Dexter Goei ($)(1) · Compensationactually paidto Dexter Goei ($)(2) · Averagesummarycompensationtable totalfor non-CEOnamedexecutiveofficers ($)(3) · Averagecompensationactually paidto non-CEOnamedexecutiveofficers ($)(4) · Value of initial fixed $100 investment based on: · NetIncome ($)(in thousands)(7) · Adjusted EBITDA($)(in thousands)(8) | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Totalshareholderreturn ($)(5) · Peer group totalshareholderreturn ($) (6) | |||||||||||
| 2024 | 14,425,399 | 11,821,800 | — | — | 3,744,972 | 3,260,453 | 8.81 | 108.39 | (78,277) | 3,413,181 | |
| 2023 | 4,327,478 | 277,975 | — | — | 5,467,436 | 4,612,587 | 11.89 | 92.03 | (9) | 79,037 | 3,608,890 |
| 2022 | 22,518,415 | 15,966,980 | 3,692,504 | (52,162,514) | 790,064 | (6,523,720) | 16.83 | 83.66 | (9) | 220,889 | 3,866,537 |
| 2021 | — | — | 38,333,508 | (96,687,299) | 5,935,507 | (14,170,298) | 59.18 | 98.39 | 1,010,932 | 4,427,251 | |
| 2020 | — | — | 48,021,088 | 137,490,059 | 11,542,005 | 26,589,727 | 138.51 | 103.83 | 443,479 | 4,414,814 | |
(1)Mr. Mathew was appointed CEO effective October 3, 2022, on which date Mr. Goei transitioned to the role of Executive Chairman of the Board. The dollar amounts reported for Mr. Mathew and Mr. Goei under “Summary Compensation Table Total” are the amounts of total compensation reported for Mr. Mathew and Mr. Goei for each corresponding year in the “Total” column of the "Summary Compensation Table" above.
(2)The dollar amounts reported for Mr. Mathew and Mr. Goei under “Compensation Actually Paid” represent the amount of “compensation actually paid” to Mr. Mathew and Mr. Goei, as computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual amount of compensation earned by or paid to Mr. Mathew or Mr. Goei during the applicable fiscal year. In accordance with the requirements of Item 402(v) of Regulation S-K, the adjustments in the table below were made to Mr. Mathew’s total compensation for each year to determine the compensation actually paid:
| Mr. Mathew | |
|---|---|
| 2024 | |
| Total Compensation as reported in Summary Compensation Table ("SCT") | $14,425,399 |
| Pension values reported in SCT | — |
| Fair value of equity awards granted during fiscal year reported in SCT | (9,952,471) |
| Pension value attributable to current years’ service and any change in pension value attributable to plan amendments made in the current year | — |
| Fair value of equity compensation granted in current year-value at end of year-end | 9,790,874 |
| Change in fair value for end of prior fiscal year to vesting date for awards made in prior fiscal years that vested during current fiscal year | (1,073,419) |
| Change in fair value from end of prior fiscal year to end of current fiscal year for awards made in prior fiscal years that were unvested at end of current fiscal year | (1,368,583) |
| Fair value of awards forfeited in current fiscal year determined at end of prior fiscal year | — |
| Compensation Actually Paid to CEO | $11,821,800 |
(3)The dollar amounts reported under Average Summary Compensation Total for non-PEO NEOs represent the average of the amounts reported for the Company’s named executive officers (NEOs) as a group (excluding any individual serving as our CEO for such year) in the “Total” column of the Summary Compensation Table in each applicable year. The names of the NEOs included for purposes of calculating the average amounts in each applicable year are as follows: (i) for 2024, Marc Sirota, Michael Olsen and Colleen Schmidt; (ii) for 2023, Marc Sirota, Michael Olsen, Colleen Schmidt and Michael Grau; (iii) for 2022, Michael Olsen, Colleen Schmidt and Michael Grau; (iv) for 2021, Michael Olsen, Colleen Schmidt, Michael Grau and Abdelhakim Boubazine; and (v) for 2020, Michael Olsen, Colleen Schmidt, Michael Grau and Abdelhakim Boubazine.
(4)The dollar amounts reported under Average Compensation Actually Paid for non-PEO NEOs represent the average amount of “compensation actually paid” to the NEOs as a group (excluding the CEO), as computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual average amount of compensation earned by or paid to the NEOs as a group during the applicable fiscal year. In accordance with the requirements of Item 402(v) of Regulation S-K, the adjustments in the table below were made to the NEOs’ total compensation for each year to determine the compensation actually paid:
| NEO Averages | |
|---|---|
| 2024 | |
| Total Compensation as reported in SCT | $3,744,972 |
| Pension values reported in SCT | (1,142) |
| Fair value of equity awards granted during fiscal year reported in SCT | (2,558,777) |
| Pension value attributable to current years’ service and any change in pension value attributable to plan amendments made in the current year | — |
| Fair value of equity compensation granted in current year-value at end of year-end | 2,475,285 |
| Change in fair value for end of prior fiscal year to vesting date for awards made in prior fiscal years that vested during current fiscal year | (105,227) |
| Change in fair value from end of prior fiscal year to end of current fiscal year for awards made in prior fiscal years that were unvested at end of current fiscal year | (294,658) |
| Fair value of awards forfeited in current fiscal year determined at end of prior fiscal year | — |
| Compensation Actually Paid to NEOs | $3,260,453 |
(5)Cumulative total shareholder return ("TSR") of a $100 investment from the beginning of fiscal year 2020 through the end of each of the years indicated for the Company.
(6)Represents the average peer group TSR. The peer group for this purpose is the peer group referenced by the Compensation Committee when making compensation decisions as described in the Compensation Discussion and Analysis, which has been consistent other than impacts due to peer company mergers and bankruptcies, as applicable.
(7)The amounts reported represent the amount of net income reflected in the Company’s audited financial statements for the applicable fiscal year.
(8)See "Description of Non-GAAP Financial Measures"above for the definition of Adjusted EBITDA.
(9)The 2023 amount has been adjusted from the amount previously reported to correct the inadvertent exclusion of Lumen from the peer group used to calculate the peer group total shareholder return. The 2022 amount has been adjusted from the amount previously reported to correct an inadvertent typographical error in the peer group total shareholder return amount.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.