ATN International chair’s 25K PSU award vests
ATN International executive chairman Michael T. Prior reported equity compensation activity tied to performance-based awards.
Rhea-AI Filing Summary
ATN International executive chairman Michael T. Prior reported equity compensation activity tied to performance-based awards. Performance-based restricted stock units for 25,000 shares of common stock vested based on relative total shareholder return versus the Russell 2000, resulting in shares being issued at 58% of the target amount.
Of the vested shares, 9,412 common shares were withheld by the company to cover Prior’s tax obligations at a price of $24.18 per share. Following these transactions, he directly owns 583,404 common shares and also has additional indirect holdings as trustee of several family trusts.
Positive
- None.
Negative
- None.
Insider Trade Summary
25,000 shares exercised/converted
Exercise
9 txns
Insider
PRIOR MICHAEL T
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance-Based Restricted Stock Units | 25,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 14,500 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 6,430 | $24.18 | $155K |
| Exercise Price or Tax Liability | Common Stock | 2,982 | $24.18 | $72K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Performance-Based Restricted Stock Units — 0 contracts (Direct);
Common Stock — 583,404 shares (Direct);
Common Stock — 128,847 shares (Indirect, Trustee of Lauren S. Prior 2013 Trust);
Common Stock — 8,141 shares (Indirect, Trustee of JP 2018 Trust);
Common Stock — 7,741 shares (Indirect, Trustee of WP 2015 Trust);
Common Stock — 8,041 shares (Indirect, Trustee of RP 2014 Trust);
Common Stock — 7,982 shares (Indirect, Trustee of Prior Family Trust 2019)
Footnotes (4)
- F1. 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.
- F2. Refer to existing footnote (1)
- F3. Represents shares withheld by the Company for payment of Mr. Prior's tax obligation arising from the vesting of previously granted Performance Stock Units in the existing footnote (1).
- F4. Represents shares withheld by the Company for payment of Mr. Prior's tax obligation arising from the vesting of previously granted Restricted Stock Units.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did ATN International (ATNI) report for Michael T. Prior?
ATN International reported that executive chairman Michael T. Prior had 25,000 performance-based restricted stock units vest into common shares. Related common shares were then withheld by the company to satisfy tax obligations, reflecting routine equity compensation and tax-settlement activity rather than open-market trading.
What triggered the vesting of Michael T. Prior’s performance-based RSUs at ATN International (ATNI)?
The vesting was triggered by pre-established relative total shareholder return goals. These compared ATN International’s shareholder return to the Russell 2000 Index over a defined performance period, using 40-day average closing prices, and resulted in 58% of the target performance-based unit shares being issued.
Does this ATN International (ATNI) Form 4 show any open-market buying or selling?
The Form 4 shows derivative exercises and tax-withholding dispositions, but no open-market purchases or sales. Shares arose from vesting of performance-based and restricted stock units, and some were withheld by the company to satisfy tax liabilities rather than being traded in the open market.
What types of equity awards are involved in Michael T. Prior’s ATN International (ATNI) filing?
The filing involves performance-based restricted stock units linked to relative total shareholder return and previously granted restricted stock units. These awards converted into common stock upon vesting, with a portion of the resulting shares withheld by ATN International to pay Michael T. Prior’s associated tax obligations.
AI-generated analysis. How Rhea-AI works. Not financial advice.
