Form 4: American Tower Corp Director Hormats Sells 700 Shares
SEC Form 4 Filing
Robert D. Hormats, a director of American Tower Corp, sold 700 shares of common stock at a price of $183.5 on May 3, 2024.
Summary
- On May 3, 2024, Robert D. Hormats, a director of American Tower Corp, sold 700 shares of common stock.
- The sale price was $183.5 per share.
- Following the transaction, Hormats directly owns 7,332 shares of American Tower Corp.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a stock sale by a company director, which is a neutral event.
Industry Context
This is a routine disclosure of a transaction by a company insider. It's common for directors and officers to buy and sell shares of their company's stock.
Stakeholder Impact
- The sale of shares by a director could be perceived negatively by some shareholders, but the relatively small number of shares sold is unlikely to have a significant impact.
Key Dates
| Date | Description |
|---|---|
| 05/03/2024 | Date of stock sale transaction |
| 05/07/2024 | Date of signature on the Form 4 filing |
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