ATN International (NASDAQ: ATNI) SVP’s PSUs vest, 2,719 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ATN International SVP and general counsel Mary Mabey reported equity compensation activity tied to performance-based awards. She exercised 6,600 performance-based restricted stock units into common shares, based on relative total shareholder return goals measured against the Russell 2000 Index. The footnotes state this vesting resulted in 58% of the target PSU shares being issued for the performance period ending on March 7, 2026. Following the vesting, 1,900 and 819 common shares were withheld at $24.18 per share to cover tax obligations on the vested PSUs and previously granted restricted stock units, leaving her with 56,972 common shares held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
6,600 shares exercised/converted
Mixed
4 txns
Insider
Mabey Mary
Role
SVP AND GENERAL COUNSEL
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance-Based Restricted Stock Units | 6,600 | $0.00 | -- |
| Exercise | Common Stock | 3,828 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,900 | $24.18 | $46K |
| Tax Withholding | Common Stock | 819 | $24.18 | $20K |
Holdings After Transaction:
Performance-Based Restricted Stock Units — 0 shares (Direct);
Common Stock — 59,691 shares (Direct)
Footnotes (1)
- Common stock issued upon vesting of performance-based RSU ("PSU") based on the achievement of pre-established relative total shareholder return ("TSR") goals that were set by the Compensation Committee of the Issuer's Board of Directors, based on comparing the Issuer's TSR relative to the TSR of the Russell 2000 Index, using the average closing price of the shares for the 40 days before and including each of the first and last trading days of the applicable performance period, which ended on March 7, 2026. The aggregate number of shares issued is 58% of the target number of PSU shares previously reported. Refer to existing footnote (1). Represents shares withheld by the Company for payment of Ms. Mabey's tax obligation arising from the vesting of previously granted Performance Stock Units in the existing footnote (1). Represents shares withheld by the Company for payment of Ms. Mabey's tax obligation arising from the vesting of previously granted Restricted Stock Units.
FAQ
What insider transactions did ATNI executive Mary Mabey report on this Form 4?
Mary Mabey reported vesting of performance-based restricted stock units converting into 6,600 common shares. She then had 1,900 and 819 common shares withheld at $24.18 per share to satisfy tax obligations, ending with 56,972 common shares directly owned.
What type of equity awards vested for ATNI SVP and general counsel Mary Mabey?
Performance-based restricted stock units vested for Mary Mabey, converting into 6,600 common shares. These awards were tied to pre-established relative total shareholder return goals versus the Russell 2000 Index over a performance period ending on March 7, 2026.
How were the performance goals for Mary Mabey’s ATNI PSUs determined?
The performance goals were based on ATN International’s relative total shareholder return compared with the Russell 2000 Index. The Compensation Committee used average closing prices over 40 trading days at the beginning and end of the performance period ending March 7, 2026 to determine vesting.
What portion of Mary Mabey’s ATNI performance stock units ultimately vested?
The footnotes state that the aggregate number of common shares issued upon vesting of Mary Mabey’s performance-based RSUs equals 58% of the original target PSU share amount previously reported, reflecting performance against the specified relative total shareholder return goals.