AMERICAN TOWER CORP /MA/·4

Mar 12, 4:41 PM ET

Meyer Robert Joseph 4

Research Summary

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Updated

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.