Form 4: American Tower Corp Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Robert Joseph Meyer JR, SVP & Chief Accounting Officer of American Tower Corp, disposed of 167 shares to cover withholding taxes related to vesting restricted stock units.
Summary
- On June 1, 2024, Robert Joseph Meyer JR, SVP & Chief Accounting Officer of American Tower Corp, disposed of 167 shares of common stock.
- The transaction was executed at a price of $195.74 per share.
- The shares were delivered to the issuer for the payment of withholding taxes in connection with the vesting of restricted stock units previously granted under the 2007 Equity Incentive Plan, as amended.
- Following the transaction, Meyer directly owns 33,936 shares of American Tower Corp.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction related to tax obligations on vested stock.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction appears to be a standard tax withholding event related to the vesting of restricted stock units, which is a common form of executive compensation.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/01/2024 | Date of transaction: Robert Joseph Meyer JR disposed of shares. |
| 06/04/2024 | Date of signature on the Form 4 filing. |
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