Meyer Robert Joseph 4
Research Summary
AI-generated summary
American Tower (AMT) SVP Robert Meyer Receives RSUs, Sells Shares
What Happened
- Robert J. Meyer, Senior Vice President & Chief Accounting Officer of American Tower (AMT), was awarded 4,030 restricted stock units (RSUs) on 2026-03-10. To satisfy withholding taxes related to the vesting, 1,368 shares were delivered to the issuer on 2026-03-10 at $186.12 ($254,612) and 684 shares were delivered on 2026-03-11 at $182.85 ($125,069). Total shares withheld: 2,052, total value of withheld shares ≈ $379,681. Net shares retained from the grant = 4,030 − 2,052 = 1,978.
Key Details
- Transaction dates/prices:
- 2026-03-10: Award of 4,030 RSUs (code A) @ $0.00 (grant).
- 2026-03-10: 1,368 shares withheld (code F) @ $186.12 = $254,612.
- 2026-03-11: 684 shares withheld (code F) @ $182.85 = $125,069.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnotes:
- F1: The RSUs were granted under the 2007 Equity Incentive Plan; they vest 1/3 annually over three years, and each RSU converts to one common share upon vesting.
- F2: The disposals reflect shares delivered to the issuer to satisfy withholding taxes on vested RSUs (i.e., share withholding for tax).
- Filing: Form 4 filed 2026-03-12 for transactions on 2026-03-10–03-11; appears timely based on reported dates.
Context
- These transactions are compensation-related (RSU grant and tax withholding), not open-market purchases or discretionary sales. Withholding shares to cover taxes is a routine, non-market-sale settlement of vested equity and does not necessarily indicate the insider’s personal decision to sell shares on the open market.