Leon Justin M 4
4 · ATN International, Inc. · Filed Mar 19, 2026
Research Summary
AI-generated summary of this filing
ATN (ATNI) SVP Justin M. Leon Receives RSU/PSU Award
What Happened
Justin M. Leon, Senior Vice President, Corporate Development at ATN International (ATNI), was granted two awards on March 17, 2026: 10,820 restricted stock units (RSUs) and 10,820 performance-based stock units (PSUs). Both grants are recorded at $0.00 (awards, not purchases). The RSUs vest in four equal annual installments on March 17 of 2027, 2028, 2029 and 2030. The PSUs are contingent on relative total shareholder return (TSR) versus the Russell 2000 over a performance period from March 17, 2026 to March 17, 2029 and may pay between 0% and 150% of target.
Key Details
- Transaction date: 2026-03-17; Form 4 filed 2026-03-19 (timely within the Form 4 window).
- Grant details: 10,820 RSUs (time-based) and 10,820 PSUs (performance-based) recorded at $0.00.
- PSU payout range: 0%–150% of target (so PSUs could convert to 0 up to 16,230 shares at maximum).
- RSU vesting: 4 equal installments on 3/17/2027, 3/17/2028, 3/17/2029 and 3/17/2030.
- PSU performance measurement: relative TSR vs. Russell 2000 using 40-day average closing prices at period start and end.
- Shares owned after transaction: Not disclosed in this Form 4.
- Filing status/notes: Award (code A); derivative entry for PSUs noted. No indication of late filing or a 10b5-1 plan in the filing.
Context
These awards are compensation grants, not open-market purchases or sales. RSUs are time-based compensation that convert to shares as they vest; PSUs depend on meeting relative TSR goals and may result in fewer or more shares than the target. Such grants are common for executives and reflect compensation structure rather than an immediate buy/sell signal.
Insider Transaction Report
- Award
Common Stock
[F1]2026-03-17+10,820→ 50,267 total - Award
Performance-Based Restricted Stock Units
[F2][F3]2026-03-17+10,820→ 10,820 totalExercise: $0.00→ Common Stock (10,820 underlying)
Footnotes (3)
- [F1]The securities described are restricted stock units and will vest in four equal installments on each of March 17, 2027, 2028, 2029 and 2030. Upon vesting Mr. Leon will receive a number of shares of common stock equal to the number of restricted stocks units that have vested.
- [F2]Each performance-based RSU ("PSU") represents a contingent right to receive one share of the Issuer's common stock, subject to 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 days of the applicable performance period. The aggregate number of shares issued may range from zero (0) shares to 150% of the target number of shares reported in columns 7 and 9 of this report.
- [F3]Between zero (0) and 150% of the PSUs will generally vest, if at all, as of the end of the performance period that begins on March 17, 2026, and ends on March 17, 2029.