Martin Brad W 4

What Happened
Brad Martin, CEO of ATN International (ATNI), had performance-based awards convert into common stock on March 7, 2026. The filing shows conversion/exercise of derivative awards resulting in 6,380 shares acquired. In connection with the vesting/conversion, the company withheld 2,780 shares (valued at $24.18 each, $67,220) and 1,310 shares (valued at $24.18 each, $31,676) to satisfy tax obligations — a total of 4,090 shares withheld for taxes valued at $98,896. The filing also reports conversion/exercise of 11,000 derivative shares (reported as a $0.00 per-share derivative conversion/disposition).

Key Details

• Transaction date: March 7, 2026; Form 4 filed March 10, 2026.
• Prices reported for withheld shares: $24.18 per share; withheld shares: 2,780 and 1,310 (total 4,090) valued at $98,896.
• Shares acquired (conversion/exercise): 6,380 shares (reported as acquired).
• Additional derivative conversion/disposition: 11,000 shares reported at $0.00 (derivative conversion).
• Shares owned after the transactions: not disclosed in the filing.
• Footnotes: the PSUs vested based on pre-established relative TSR goals and were issued at 58% of target (footnote); shares were withheld by the company to cover Mr. Martin’s tax obligations arising from vesting of Performance Stock Units (PSUs) and Restricted Stock Units (RSUs).
• Filing timeliness: filing date is March 10, 2026 (reporting period 3/7/2026); no late-filing flag noted in the filing.

Context

• These entries reflect award vesting and routine tax-withholding, not an open-market sale. Withholding of shares to cover taxes is common after PSU/RSU vesting (a form of cashless settlement). The conversion of derivative awards at $0.00 typically indicates conversion of previously granted equity awards rather than a cash sale.