Rodney M. Smith - 06 Mar 2024 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
06 Mar 2024
Net transactions value
-$1,433,385
Form type
4
Filing time
08 Mar 2024, 17:07:37 UTC
Previous filing
05 Mar 2024
Next filing
12 Mar 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AMT Common Stock Options Exercise $934,382 +11,510 +18% $81.18 74,479 06 Mar 2024 Direct
transaction AMT Common Stock Sale $1,952,203 -9,497 -13% $205.56 64,982 06 Mar 2024 Direct F1, F2
transaction AMT Common Stock Sale $415,564 -2,013 -3.1% $206.44 62,969 06 Mar 2024 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 -11,510 -100% $0.000000* 0 06 Mar 2024 Common Stock 11,510 $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 November 9, 2023.
F2 Represents the weighted average price of shares sold in multiple same-day transactions at prices ranging from $205.14 to $206.12 per share.
F3 Represents the weighted average price of shares sold in multiple same-day transactions at prices ranging from $206.21 to $206.61 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.