Form 4: ATN International SVP Mary Mabey Reports Acquisition of Restricted Stock Units and Performance-Based Restricted Stock Units

Mary Mabey, SVP and General Counsel of ATN International, reports the acquisition of restricted stock units and performance-based restricted stock units.

Summary

• On April 7, 2025, Mary Mabey, SVP and General Counsel of ATN International, acquired 19,820 restricted stock units and 19,820 performance-based restricted stock units (PSUs).
• The restricted stock units will vest in four equal installments on March 13 of 2026, 2027, 2028, and 2029.
• Each PSU represents a contingent right to receive one share of ATN International's common stock, subject to achievement of pre-established relative total shareholder return (TSR) goals.
• The TSR goals are set by the Compensation Committee of the Issuer's Board of Directors, based on comparing the Issuer's TSR relative to the TSR of the Russell 2000 Index.
• Between 0% and 150% of the PSUs will generally vest, if at all, as of the end of the performance period that begins on March 13, 2025, and ends on March 13, 2028.
• Following the transaction, Ms. Mabey directly owns 55,863 shares of ATN International common stock and 19,820 derivative securities.

Sentiment

Score: 6

Explanation: The document is a routine disclosure of stock-based compensation, which is generally neutral. The performance-based component suggests a positive outlook for the company's future performance.

Positives

• The granting of restricted stock units and performance-based stock units aligns Ms. Mabey's interests with those of the shareholders.
• The performance-based vesting of the PSUs incentivizes Ms. Mabey to drive shareholder value through TSR improvement.

Risks

• The vesting of the performance-based restricted stock units is contingent upon achieving specific TSR goals, which may not be met.
• The value of the restricted stock units and performance-based restricted stock units is subject to the market price of ATN International's common stock, which can fluctuate.

Future Outlook

The vesting of the restricted stock units and performance-based restricted stock units is contingent upon continued employment and the achievement of specific performance goals, respectively.

Industry Context

Granting stock-based compensation is a common practice in the telecommunications industry to align executive incentives with shareholder value creation. The use of TSR-based performance metrics is also a standard approach to incentivize long-term growth.

Comparison to Industry Standards

• Companies like Verizon and T-Mobile also use a mix of time-based and performance-based equity awards for their executives.
• TSR performance relative to an index like the S&P 500 or Russell 2000 is a common benchmark for performance-based equity grants.
• The vesting schedules and performance periods are generally in line with industry standards for long-term incentive plans.

Stakeholder Impact

• The granting of equity-based compensation aligns management's interests with those of shareholders.
• The performance-based component incentivizes management to improve the company's TSR, which benefits shareholders.

Key Dates

Keywords

ATN International, Mary Mabey, restricted stock units, performance-based restricted stock units, PSU, TSR, Russell 2000, beneficial ownership, Form 4, executive compensation