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The Vanguard Group filed Amendment No. 6 to Schedule 13G reporting its passive ownership in Altice USA Inc. (ATUS) as of 30 Jun 2025. Vanguard beneficially owns 26,753,670 Class A shares, representing 9.43 % of the outstanding common stock.

The firm has no sole voting power; shared voting authority covers 184,531 shares. It retains sole dispositive power over 26.32 million shares and shared dispositive power over 433,952 shares. Filed under Rule 13d-1(b) as an investment adviser, the stake is held in the ordinary course for client accounts, with no intent to influence control. The filing is certified by Ashley Grim, Head of Global Fund Administration, on 29 Jul 2025.

On 18 Jul 2025, Belden Inc. (BDC) executed a Third Amended & Restated Credit Agreement with JPMorgan Chase Bank and a lender syndicate. The agreement replaces the June 2021 facility and:

• Extends the maturity of the multicurrency asset-based revolving credit facility to 18 Jul 2030.
• Increases total lender commitments to $400 million, up from $300 million.

The facility is available to the U.S. parent and designated foreign subsidiaries in Canada, Germany, the U.K. and the Netherlands; other Belden units serve as guarantors. All other material terms are contained in Exhibit 10.1. No financial statements or earnings data were included in this Form 8-K.

Liquidity headroom rises by $100 million and tenor is pushed out five years, enhancing funding flexibility for working-capital and strategic needs. The filing contains no disclosure of new covenants, pricing or draw status; investors should review the full exhibit for details.

Progressive Corporation (PGR) 鈥� SEC Form 4 filing dated 15-Jul-2025

Director Lawton W. Fitt reported a routine, plan-based transaction on 11-Jul-2025. The filing shows the automatic reinvestment of dividend equivalents into 54.7412 phantom stock units (1-for-1 cash-settled equivalents of Progressive common shares) at a stated cost of $0 per unit. Following the transaction, Fitt鈥檚 total holdings in the deferred compensation plan increased to 135,180.6528 phantom units. The units carry no exercise price and are payable in cash on a date elected by the director in accordance with plan rules. No open-market purchase or sale of Progressive common stock occurred, and no derivative instruments with an expiration premium or strike price were created. The filing is made by a single reporting person and reflects direct ownership.

The transaction appears administrative and non-market-moving, indicating continued alignment of the director鈥檚 interests with shareholders through the company鈥檚 dividend reinvestment feature.

Customers Bancorp, Inc. (CUBI) filed an amended Form 4 disclosing that Chief Credit Officer Thomas H. Kasulka received an equity grant of 6,893 Restricted Stock Units (RSUs) on 07/09/2025 at a reference price of $63.97 per share. The amendment corrects the initial 07/10/2025 filing, which understated the grant at 3,447 RSUs.

Following the grant, Kasulka鈥檚 direct beneficial ownership stands at 21,808 common shares, comprised of 1,382 shares and 20,426 unvested RSUs. The RSUs vest in three equal annual installments, strengthening management鈥檚 long-term alignment with shareholders but do not represent an open-market purchase.

The filing is administrative鈥攊t adjusts previously mis-reported figures rather than signalling new insider buying or selling. No cash changed hands and there is no impact on the company鈥檚 operations or financial results.

Arrow Financial Corp (AROW) 鈥� Form 4 insider filing: Director Raymond F. O鈥機onor reported the acquisition of 250 shares of Arrow Financial common stock on 07/09/2025. The shares were received at a price of $27.47 per share under transaction code 鈥淛鈥�, which the footnote clarifies as the company鈥檚 鈥淨uarterly Director鈥檚 Payment.鈥� Following the transaction, O鈥機onor鈥檚 direct beneficial ownership increased to 29,543 shares.

No derivative securities were involved and there were no dispositions. Because the shares were delivered as part of routine board compensation rather than an open-market purchase, the dollar value is modest (鈮� $6.9 thousand) and has no material impact on Arrow Financial鈥檚 capital structure or earnings. Nevertheless, the filing signals ongoing board-level equity alignment and indicates that the director continues to hold a meaningful personal stake in the company.

UBS AG is offering $985,000 in Trigger Callable Contingent Yield Notes maturing 13 July 2028. The notes are linked to the least-performing of three U.S. equity indices鈥攖he Nasdaq-100, Russell 2000 and S&P 500鈥攁nd are unsecured, unsubordinated obligations of UBS.

• Contingent coupon: 8.75% p.a. (鈮� $7.2917 per month) paid only if, on any monthly observation date, the closing level of each index is 鈮� 70 % of its initial level (the 鈥渃oupon barrier鈥�).
• Issuer call: UBS may redeem the notes in whole, beginning after six months, on any observation date other than the final valuation date; holders then receive par plus any due coupon.
• Principal repayment: If not called and the final level of each index is 鈮� 60 % of its initial level (the 鈥渄ownside threshold鈥�), investors receive 100 % of principal. If any index finishes below its threshold, repayment equals par multiplied by (1 + worst index return), exposing holders to full downside of the least-performing index.
• Key reference levels (7 July 2025): NDX 22,829.26; RTY 2,263.410; SPX 6,280.46. Coupon barriers are 70 % of these levels; downside thresholds 60 %.
• Estimated initial value: $964.00 per $1,000 note, reflecting underwriting discount ($7), hedging and issuance costs.
• Settlement: T+3 (15 July 2025); monthly observation calendar provided through maturity.

Risks clearly highlighted: potential loss of entire principal, non-payment of coupons, issuer credit risk, lack of listing or active secondary market, early-call reinvestment risk, and tax uncertainty. Investors are urged to review the extensive 鈥淜ey Risks鈥� and 鈥淩isk Factors鈥� sections and to assess suitability against their objectives and risk tolerance.