Kalathur Rajesh 4
Research Summary
AI-generated summary
American Tower (AMT) Director Rajesh Buys 2,671 Shares & Receives RSUs
What Happened
- Kalathur Rajesh, a director of American Tower Corp. (AMT), made an open-market purchase of 2,671 shares on March 10, 2026 at $185.30 per share for a total of $494,936. On the same date he was also granted 1,209 restricted stock units (RSUs) valued at $0 at grant (these are awards that convert to shares later).
Key Details
- Transaction date(s): March 10, 2026
- Open-market purchase: 2,671 shares at $185.30 each = $494,936 total (code P)
- Award/grant: 1,209 RSUs (code A); grant value reported as $0 since RSUs are a contingent award
- RSU vesting: These RSUs were granted under the company’s 2007 Equity Incentive Plan and vest on March 10, 2027 (each RSU equals the right to one share) (Footnote F1)
- Beneficial ownership note: Rajesh disclaims beneficial ownership of shares held by his spouse’s revocable trust (Footnote F2)
- Filing timeliness: Form 4 was filed March 12, 2026 for transactions on March 10, 2026 (filed within the usual 2‑business‑day reporting window)
Context
- The open-market purchase is a direct buy (often viewed as a more informative sign than routine sales), while the RSUs are a standard equity award that vests over time and do not immediately deliver shares. No options were exercised and no sales or gifts were reported in this filing.