Form 4: American Tower Corp Director Pamela Reeve Reports Stock Transactions
SEC Form 4
Director Pamela Reeve executed option exercises and sales of American Tower Corp (AMT) stock on February 26, 2025.
Summary
- On February 26, 2025, Pamela D A Reeve, a director of American Tower Corp (AMT), engaged in transactions involving the company's common stock.
- Reeve exercised options to purchase 4,971 shares of common stock at a price of $94.57 per share.
- Simultaneously, Reeve sold 4,971 shares at $202.97 per share.
- Following these transactions, Reeve directly owns 19,634 shares of American Tower Corp.
- The option exercised was granted on March 10, 2015, under the 2007 Equity Incentive Plan, as amended, and expired on March 10, 2025.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency into the trading activities of company directors. It's common for executives to exercise stock options and sell shares for personal financial management.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a director, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 03/10/2015 | Date option was granted |
| 02/26/2025 | Date of stock option exercise and sale |
| 02/28/2025 | Date of signature on the Form 4 filing |
| 03/10/2025 | Expiration date of the stock option |
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