Smith Rodney M 4

What Happened

• Rodney M. Smith, EVP, Chief Financial Officer & Treasurer of American Tower Corporation (AMT), was credited with 21,425 performance-based restricted stock units (PSUs) on February 25, 2026. The reported acquisition price is $0.00 (these are awards, not a cash purchase).
• The award was reported on a Form 4 filed February 27, 2026. The PSUs represent contingent rights to receive one share of common stock per PSU if vesting conditions are met.

Key Details

• Transaction date: 2026-02-25; Transaction type/code: Award/Grant (A); Price: $0.00; Shares: 21,425.
• Total reported value at grant: $0 (PSUs are contingent awards, not a cash outlay).
• Vesting: Per the filing footnote, these PSUs were earned following certification of performance for a three-year performance period tied to a PSU award granted March 10, 2023; they will vest three years from that grant date (around March 10, 2026) if conditions are satisfied.
• Shares owned after transaction: Not stated in the provided filing.
• Filing: Form 4 filed Feb 27, 2026 (typically within the usual 2-business-day reporting window).

Context

• PSUs are performance-based awards that convert to actual shares only if performance and vesting conditions are met; they do not represent immediate stock ownership or a cash purchase.
• Such awards are common executive compensation and reflect long-term incentive pay rather than an immediate directional bet by the insider.