Form 4: ATN International Director Pamela Lenehan Acquires Shares in Lieu of Retainer
SEC Form 4
Director Pamela Lenehan acquired 5,558 shares of ATN International common stock at $23.39 per share as part of her 2024 annual director retainer.
Summary
- Pamela Lenehan, a director of ATN International, Inc., acquired 5,558 shares of common stock on June 18, 2024.
- The shares were acquired at a price of $23.39 per share.
- This acquisition was part of her 2024 annual director retainer, granted under the Issuer's 2023 Equity Incentive Plan.
- The retainer was based on the moving average price of ATN International's common stock over the past twenty days as of June 14, 2024.
- Following the transaction, Ms. Lenehan directly owns 24,666 shares and indirectly owns 1,500 shares through her spouse.
Sentiment
Score: 6
Explanation: Neutral sentiment as the transaction is a standard part of director compensation.
Positives
- A director's acquisition of shares can be seen as a positive signal, indicating confidence in the company's future.
Industry Context
Director share acquisitions are common and often tied to compensation packages, aligning director interests with shareholder value.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment due to the director's increased stake in the company.
Key Dates
| Date | Description |
|---|---|
| 06/14/2024 | Date used to calculate the moving average price for the director retainer. |
| 06/18/2024 | Date of the transaction where Pamela Lenehan acquired shares. |
| 06/20/2024 | Date of signature on the Form 4 filing. |
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