Leon Justin M 4

What Happened
Justin M. Leon, Senior Vice President, Corporate Development at ATN International (ATNI), was granted two awards on March 17, 2026: 10,820 restricted stock units (RSUs) and 10,820 performance-based stock units (PSUs). Both grants are recorded at $0.00 (awards, not purchases). The RSUs vest in four equal annual installments on March 17 of 2027, 2028, 2029 and 2030. The PSUs are contingent on relative total shareholder return (TSR) versus the Russell 2000 over a performance period from March 17, 2026 to March 17, 2029 and may pay between 0% and 150% of target.

Key Details

• Transaction date: 2026-03-17; Form 4 filed 2026-03-19 (timely within the Form 4 window).
• Grant details: 10,820 RSUs (time-based) and 10,820 PSUs (performance-based) recorded at $0.00.
• PSU payout range: 0%–150% of target (so PSUs could convert to 0 up to 16,230 shares at maximum).
• RSU vesting: 4 equal installments on 3/17/2027, 3/17/2028, 3/17/2029 and 3/17/2030.
• PSU performance measurement: relative TSR vs. Russell 2000 using 40-day average closing prices at period start and end.
• Shares owned after transaction: Not disclosed in this Form 4.
• Filing status/notes: Award (code A); derivative entry for PSUs noted. No indication of late filing or a 10b5-1 plan in the filing.

Context
These awards are compensation grants, not open-market purchases or sales. RSUs are time-based compensation that convert to shares as they vest; PSUs depend on meeting relative TSR goals and may result in fewer or more shares than the target. Such grants are common for executives and reflect compensation structure rather than an immediate buy/sell signal.