American Tower (AMT) CEO awarded 24,626 performance-based stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
American Tower Corp. reported that President and CEO Steven O. Vondran acquired 24,626 shares of Common Stock through a grant classified as a grant, award, or other acquisition. The shares reflect performance-based restricted stock units earned from a prior award and were recorded at a price of $0.0000 per share.
Following this transaction, Vondran directly holds 105,374 shares of Common Stock. According to the award terms, these performance-based restricted stock units will vest three years from the original grant date of March 10, 2023, with each unit representing a right to receive one share of Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Vondran Steven O
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 24,626 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 105,374 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did AMT President and CEO Steven Vondran report?
Steven O. Vondran reported acquiring 24,626 shares of American Tower Common Stock. The shares result from performance-based restricted stock units earned under a prior PSU award and are recorded as a grant or award acquisition, not an open-market purchase or sale.
When will Steven Vondran’s performance-based restricted stock units in AMT vest?
The performance-based restricted stock units earned by Steven O. Vondran will vest three years from the March 10, 2023 grant date. Vesting is based on a three-year performance period that was certified by the Compensation and Human Capital Committee.
What triggered the earning of the PSUs reported in AMT’s Form 4?
The PSUs were earned after the Compensation and Human Capital Committee certified the achievement of performance over a three-year period. This certification related to a performance-based restricted stock unit award originally granted on March 10, 2023.