Altice USA CEO Dexter Goei's 2016 Pay Amounted to $10M
The cable company, which recently filed for an IPO, also said that its stock will list on the New York Stock Exchange under ticker symbol "ATUS."
Altice USA, which owns the former Cablevision Systems and a majority stake in fellow U.S. cable operator Suddenlink, disclosed Tuesday that CEO Dexter Goei's compensation amounted to $10.0 million in 2016.
The company recently filed for an initial public offering, and its latest regulatory filing also disclosed its stock would be listed on the New York Stock Exchange under ticker symbol "ATUS."
The vast majority of Goei's pay for 2016 was performance-based. His Altice USA service began on June 28 when he was appointed CEO of the company.
His salary amounted to $235,950 and his bonus to $707,177, while he got $7.9 million in equity awards. Goei also received $792,823 in non-equity incentive plan compensation and $417,920 in "other compensation." The latter included $223,231 in personal aircraft use and $144,986 in costs for his relocation to the U.S.
Already the fourth-largest U.S. cable operator behind Comcast, Charter Communications and Cox Communications, Altice USA is seen as a possible buyer of more cable systems.
Altice USA could end up going public later in the year. It is part of Patrick Drahi's European cable and telecom giant Altice.