4/A: ATN International Executive Justin M. Leon Amends SEC Filing to Correct Stock Unit Reporting
SEC Filing Amendment
Justin M. Leon, SVP at ATN International, files an amendment to a previous SEC Form 4 filing to correct the number of restricted stock units and shares beneficially owned.
Summary
- Justin M. Leon, a Senior Vice President at ATN International, Inc., filed an amended Form 4 with the SEC on March 15, 2024.
- This amendment corrects a previous filing from March 14, 2024, regarding changes in beneficial ownership.
- The amendment adjusts the number of restricted stock units (RSUs) and shares of common stock beneficially owned by Mr. Leon.
- The corrected filing shows that Mr. Leon beneficially owns 22,428 shares of common stock.
- It also reflects ownership of 14,192 performance-based restricted stock units (PSUs).
- The RSUs vest in four equal installments starting March 12, 2025, and annually thereafter.
- The PSUs vest based on ATN International's total shareholder return (TSR) relative to the Russell 2000 Index, with potential vesting ranging from 0% to 150% of the target number of shares on March 12, 2027.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing. The sentiment is neutral, reflecting standard corporate governance practices and transparency. The correction of the previous filing is a positive sign of attention to detail.
Future Outlook
The vesting of restricted stock units and performance-based stock units is subject to continued employment and the achievement of performance goals, respectively.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency to investors regarding the alignment of management's interests with those of shareholders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and ownership.
- It assures stakeholders that management's interests are aligned with those of the company's shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/12/2024 | Date of transaction involving common stock and performance-based restricted stock units. |
| 03/14/2024 | Date of original Form 4 filing that was amended. |
| 03/15/2024 | Date of amended Form 4/A filing. |
| 03/12/2025 | First vesting date for restricted stock units. |
| 03/12/2026 | Second vesting date for restricted stock units. |
| 03/12/2027 | Third vesting date for restricted stock units and potential vesting date for performance-based restricted stock units. |
| 03/12/2028 | Fourth vesting date for restricted stock units. |
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