Rodney M. Smith - Aug 3, 2023 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
Aug 3, 2023
Transactions value $
-$665,719
Form type
4
Date filed
8/7/2023, 04:00 PM
Previous filing
May 3, 2023
Next filing
Aug 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AMT Common Stock Sale -$110K -583 -1.02% $188.00 56.3K Aug 3, 2023 Direct F1, F2, F3
transaction AMT Common Stock Sale -$433K -2.29K -4.07% $188.94 54K Aug 3, 2023 Direct F1, F4
transaction AMT Common Stock Sale -$123K -650 -1.2% $189.62 53.4K Aug 3, 2023 Direct F1, 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 The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on April 27, 2023.
F2 Represents the weighted average price of shares sold in multiple same-day transactions at prices ranging from $187.38 to $188.33 per share.
F3 Includes 113 shares acquired under the issuer's employee stock purchase plan in May 2023.
F4 Represents the weighted average price of shares sold in multiple same-day transactions at prices ranging from $188.42 to $189.34 per share.
F5 Represents the weighted average price of shares sold in multiple same-day transactions at prices ranging from $189.42 to $189.94 per share.