Rodney M. Smith - 17 Aug 2023 Form 4 Insider Report for AMERICAN TOWER CORP /MA/ (AMT)

Signature
/s/ Marina A. Breed, as attorney-in-fact
Issuer symbol
AMT
Transactions as of
17 Aug 2023
Net transactions value
-$969,568
Form type
4
Filing time
21 Aug 2023, 16:10:25 UTC
Previous filing
14 Aug 2023
Next filing
01 Mar 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AMT Common Stock Options Exercise $811,800 +10,000 +20% $81.18 60,662 17 Aug 2023 Direct
transaction AMT Common Stock Sale $1,709,856 -9,600 -16% $178.11 51,062 17 Aug 2023 Direct F1, F2
transaction AMT Common Stock Sale $71,512 -400 -0.78% $178.78 50,662 17 Aug 2023 Direct F1, F3

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 -10,000 -30% $0.000000 23,019 17 Aug 2023 Common Stock 10,000 $81.18 Direct F4
* 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 $177.64 to $178.58 per share.
F3 Represents the weighted average price of shares sold in multiple same-day transactions at prices ranging from $178.74 to $178.88 per share.
F4 This option was granted pursuant to the 2007 Equity Incentive Plan, as amended, and is exercisable in 25% cumulative annual increments beginning March 10, 2015.