Vondran Steven O 4

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.