AMERICAN TOWER CORP /MA/·4

Mar 12, 4:38 PM ET

Vondran Steven O 4

4 · AMERICAN TOWER CORP /MA/ · Filed Mar 12, 2026

Research Summary

AI-generated summary of this filing

Updated

American Tower (AMT) CEO Steven Vondran Receives RSU Award; Shares Sold for Taxes

What Happened

  • Steven O. Vondran, President & CEO and Director of American Tower (AMT), was granted 20,955 restricted stock units (RSUs) on 2026-03-10 and concurrently had 17,427 shares delivered back to the company to satisfy withholding tax obligations. The withheld shares were reported as dispositions: 15,269 shares at $186.12 each ($2,841,866) on 2026-03-10 and 2,158 shares at $182.85 each ($394,590) on 2026-03-11. The RSU grant value is recorded as $0.00 per share in the filing (typical for RSU awards).

Key Details

  • Transaction dates and prices:
    • 2026-03-10: Award of 20,955 RSUs (code A) — $0.00 reported per RSU.
    • 2026-03-10: 15,269 shares delivered for tax withholding (code F) at $186.12 each = $2,841,866.
    • 2026-03-11: 2,158 shares delivered for tax withholding (code F) at $182.85 each = $394,590.
  • Total shares withheld for taxes: 17,427; total value ≈ $3,236,456.
  • Shares owned after the transactions: not specified in the provided filing excerpt.
  • Notable footnotes:
    • F1: RSUs granted under the 2007 Equity Incentive Plan vest one-third annually over three years, beginning one year from grant. Each RSU represents a right to one share.
    • F2/F3: The dispositions reflect shares delivered to the issuer to pay withholding taxes related to RSU vesting.
  • Filing: Report filed 2026-03-12 for transactions dated 2026-03-10/11 — within the normal reporting window.

Context

  • These entries reflect an equity award (RSUs) and a routine sell-to-cover/tax-withholding action, not an open-market sale. Withheld shares are commonly surrendered to satisfy payroll taxes when RSUs vest and do not necessarily indicate the insider is reducing an economic stake beyond tax obligations.
  • For retail investors: awards show management compensation alignment with equity, while tax-withholding disposals are administrative and not a clear signal of confidence or concern.

Insider Transaction Report

Form 4
Period: 2026-03-10
Vondran Steven O
DirectorPresident and CEO
Transactions
  • Award

    Common Stock

    [F1]
    2026-03-10+20,955126,329 total
  • Tax Payment

    Common Stock

    [F2]
    2026-03-10$186.12/sh15,269$2,841,866111,060 total
  • Tax Payment

    Common Stock

    [F3]
    2026-03-11$182.85/sh2,158$394,590108,902 total
Footnotes (3)
  • [F1]These restricted stock units ("RSUs") were granted pursuant to the 2007 Equity Incentive Plan, as amended (the "Plan"), and vest 1/3rd annually over three years, commencing one year from the date of grant. Each RSU represents a contingent right to receive one share of Common Stock.
  • [F2]Shares delivered to the issuer for the payment of withholding taxes in connection with the vesting of RSUs and performance-based restricted stock units previously granted under the Plan.
  • [F3]Shares delivered to the issuer for the payment of withholding taxes in connection with the vesting of RSUs previously granted under the Plan.
Signature
/s/ Marina A. Breed, as attorney-in-fact|2026-03-12

Documents

1 file
  • 4
    wk-form4_1773347882.xmlPrimary

    FORM 4