Form 4: American Tower Corp EVP, CFO & Treasurer Rodney M Smith Executes Stock Option and Sells Shares
SEC Form 4 Filing
Rodney M Smith, EVP, CFO & Treasurer of American Tower Corp, exercised stock options and sold shares on March 1, 2024, according to a Form 4 filing with the SEC.
Summary
- On March 1, 2024, Rodney M Smith, the EVP, CFO & Treasurer of American Tower Corp, exercised options to purchase 11,509 shares of common stock at a price of $81.18 per share.
- Following the exercise of the options, Smith sold a total of 11,509 shares in multiple transactions at weighted average prices of $196.75, $197.65, and $198.69.
- These sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on November 9, 2023.
- After these transactions, Smith directly owns 62,969 shares of American Tower Corp common stock.
- Smith also directly owns 11,510 derivative securities.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it simply reports transactions. The transactions were pre-planned.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions. It provides transparency into the trading activities of company executives, which is important for investors to monitor.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the increased supply of shares in the market.
- The transactions do not appear to have any impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 2015-03-10 | Options granted pursuant to the 2007 Equity Incentive Plan, as amended, are exercisable in 25% cumulative annual increments beginning March 10, 2015. |
| 2023-11-09 | Date the reporting person adopted a Rule 10b5-1 trading plan. |
| 2024-03-01 | Date of the transaction: exercise of stock options and sale of shares. |
| 2024-03-05 | Date of the signature on the Form 4 filing. |
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