Form 4: American Tower Corp: Former Officer Thomas Bartlett Reports Changes in Beneficial Ownership

Thomas Bartlett, a former officer of American Tower Corp, reported changes in beneficial ownership due to the vesting of restricted stock units and subsequent tax withholding.

Summary

• On May 1, 2024, Thomas Bartlett, a former officer of American Tower Corp, reported a change in beneficial ownership of common stock.
• The transaction involved the delivery of 575 shares to the issuer for payment of withholding taxes related to the vesting of restricted stock units under the 2007 Equity Incentive Plan, as amended.
• The price per share for the tax withholding was $176.84.
• Following the transaction, Bartlett directly owns 269,557 shares of common stock.
• Bartlett also indirectly owns 16,928 shares through trusts for his children and 193 shares through his spouse, but disclaims beneficial ownership of the shares held in trust.
• Mr. Bartlett resigned as an officer of the issuer effective May 1, 2024.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, indicating a neutral sentiment. It reflects standard transactions related to executive compensation and tax obligations.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by officers, directors, and principal stockholders, providing transparency to the market.

Management Changes

Stakeholder Impact

• Shareholders are informed about changes in insider ownership.
• Employees may be interested in the details of the equity incentive plan.

Key Dates