Form 4: American Tower Corp Executive Sells Shares
SEC Form 4
Robert Joseph Meyer JR, SVP & Chief Accounting Officer of American Tower Corp, sold 2,181 shares of common stock on August 2, 2024, at a price of $232.93 per share.
Summary
- On August 2, 2024, Robert Joseph Meyer JR, the SVP & Chief Accounting Officer of American Tower Corp, sold 2,181 shares of the company's common stock.
- The sale price was $232.93 per share.
- Following the transaction, Meyer directly owns 31,873 shares of American Tower Corp.
- Meyer also acquired 118 shares under the issuer's employee stock purchase plan in May 2024.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing a stock sale by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the transaction.
Industry Context
This Form 4 filing is a routine disclosure of insider trading activity. It provides transparency into the transactions of company executives and their holdings in the company.
Stakeholder Impact
- The sale of shares by an executive could be perceived negatively by some shareholders, but the impact is likely minimal given the relatively small number of shares sold compared to the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| May 2024 | Reporting person acquired 118 shares under the issuer's employee stock purchase plan. |
| 08/02/2024 | Date of transaction: Robert Joseph Meyer JR sold 2,181 shares of American Tower Corp common stock. |
| 08/06/2024 | Date of signature for the Form 4 filing. |
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