Form 4: American Tower Corp Executive Rodney M. Smith Reports Stock Disposal for Tax Obligations

Rodney M. Smith, EVP, CFO & Treasurer of American Tower Corp, disposed of 330 shares of common stock on May 1, 2024, to cover withholding taxes related to vesting restricted stock units.

Summary

• On May 1, 2024, Rodney M. Smith, the EVP, CFO & Treasurer of American Tower Corp, reported a transaction involving the disposal of company stock.
• The transaction involved the disposal of 330 shares of common stock.
• The shares were disposed of to cover withholding taxes associated with the vesting of restricted stock units previously granted under the 2007 Equity Incentive Plan, as amended.
• The price per share for the transaction was $176.84.
• Following the transaction, Smith directly owns 62,673 shares of American Tower Corp.
• The report was signed by Marina A. Breed, as attorney-in-fact, on May 3, 2024.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction is a routine disposal of shares for tax purposes and doesn't indicate any significant positive or negative outlook.

Industry Context

Executive stock transactions are common and often related to compensation and tax obligations. This transaction appears routine and doesn't necessarily indicate a change in the executive's confidence in the company.

Key Dates