Director at American Tower (NYSE: AMT) granted 1,209 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Frank Kenneth R reported acquisition or exercise transactions in this Form 4 filing.
American Tower Corp director Kenneth R. Frank received an equity award of 1,209 restricted stock units. The award was granted under the 2007 Equity Incentive Plan and will vest on March 10, 2027. Each restricted stock unit represents a contingent right to receive one share of common stock.
Following this grant, Frank is reported as directly holding 6,188 shares of common stock. This is a compensation-related grant, not an open-market purchase or sale, and therefore reflects routine director equity compensation rather than a discretionary trading decision.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Frank Kenneth R
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,209 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 6,188 shares (Direct)
Footnotes (1)
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FAQ
What did American Tower (AMT) director Kenneth R. Frank acquire in this Form 4?
Kenneth R. Frank received an award of 1,209 restricted stock units from American Tower. These units are part of his equity compensation and will convert into the same number of common shares if the vesting conditions are met on the stated vesting date.
When do Kenneth R. Frank’s new American Tower (AMT) restricted stock units vest?
The 1,209 restricted stock units vest on March 10, 2027. At vesting, each RSU entitles Frank to receive one share of American Tower common stock, assuming he satisfies the applicable vesting conditions under the company’s 2007 Equity Incentive Plan.