Short answer
Optimum Communications, Inc. (OPTU) filed an 8-K current report with the SEC on March 13, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). CEO Mathew granted $5M DCA; CFO Sirota $1.75M; General Counsel Olsen $1.5M; President Parker $1.125M: total ~$9.375M in deferred cash.
Optimum Communications, Inc. 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- CEO Mathew granted $5M DCA; CFO Sirota $1.75M; General Counsel Olsen $1.5M; President Parker $1.125M: total ~$9.375M in deferred cash
- DCAs vest 1/3 annually on Dec 14 of 2026, 2027, 2028: contingent on continued service; no acceleration provisions disclosed
- DCAs replace prior restricted stock unit grants, shifting LTIP from equity to cash: reduces shareholder dilution but signals equity may be less attractive internally
- DCAs represent only 50% of 2026 LTIP; remaining 50% in cash performance awards (CPAs) still pending: full LTIP exposure doubled when CPAs granted
- Bonus assessment shifted from annual to quarterly cadence: increases short-term accountability but total salary and bonus targets unchanged from 2025
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
Other Optimum Communications, Inc. 8-K filings
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