AMERICAN TOWER CORP /MA/ 8-K

What Happened
American Tower Corporation filed an 8-K (Item 5.02) reporting compensation decisions made by the Compensation and Human Capital Committee on February 25, 2026. The Committee approved 2026 base salaries and target cash bonus opportunities for the company’s CEO and other named executive officers. The filing notes Olivier Puech retired effective January 2, 2026 and is not included.

Key Details

• Steven O. Vondran, President & CEO: 2026 base salary $1,000,000; target cash bonus 200% ($2,000,000).
• Rodney M. Smith, EVP, CFO & Treasurer: base $706,200; target cash bonus 125% ($882,750).
• Eugene M. Noel, EVP & COO: base $693,000; target cash bonus 125% ($866,250).
• Ruth T. Dowling, EVP, Chief Administrative Officer, General Counsel & Secretary: base $620,000; target cash bonus 125% ($775,000).
• Richard R. Rossi, EVP, U.S. Tower: base $605,000; target cash bonus 125% ($756,250).
• The Committee calculates annual cash bonuses based on company financial goals and individual objectives; if goals are exceeded, the Committee may increase awards up to 200% of an executive’s bonus target. Additional compensation details will appear in the company’s 2026 Proxy Statement.

Why It Matters
This filing gives investors concrete figures for 2026 cash compensation for AMT’s top executives, showing the company’s pay-for-performance framework (bonus tied to company and individual goals) and the potential upside if goals are exceeded. Executive pay levels influence corporate cash expenses and provide signals about management incentives and alignment with shareholder interests.