Rodney M. Smith - Jan 16, 2025 Form 4 Insider Report for AMERICAN TOWER CORP /MA/ (AMT)

Signature
/s/ Marina A. Breed, as attorney-in-fact
Stock symbol
AMT
Transactions as of
Jan 16, 2025
Transactions value $
-$1,433,612
Form type
4
Date filed
1/17/2025, 04:11 PM
Previous filing
May 3, 2024
Next filing
Feb 18, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AMT Common Stock Options Exercise $1.57M +16.6K +26.38% $94.57 79.4K Jan 16, 2025 Direct F1
transaction AMT Common Stock Sale -$2.59M -14.3K -18.01% $181.03 65.1K Jan 16, 2025 Direct F2, F3
transaction AMT Common Stock Sale -$413K -2.28K -3.5% $181.57 62.8K Jan 16, 2025 Direct F2, F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AMT Option to Purchase Common Stock Options Exercise $0 -16.6K -50% $0.00 16.6K Jan 16, 2025 Common Stock 16.6K $94.57 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Includes 119 shares acquired under the issuer's employee stock purchase plan in May 2024.
F2 The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 13, 2024.
F3 Represents the weighted average price of shares sold in multiple same-day transactions at prices ranging from $180.41 to $181.40 per share.
F4 Represents the weighted average price of shares sold in multiple same-day transactions at prices ranging from $181.41 to $181.73 per share.
F5 This option was granted pursuant to the 2007 Equity Incentive Plan, as amended, and is exercisable in 25% cumulative annual increments beginning March 10, 2016.