Mary Mabey - 07 Mar 2023 Form 4 Insider Report for ATN International, Inc. (ATNI)

Role
SVP AND GENERAL COUNSEL
Signature
/s/ Andrew S. Fienberg as attorney-in-fact for Mary Mabey, Attorney-in-Fact
Issuer symbol
ATNI
Transactions as of
07 Mar 2023
Net transactions value
$0
Form type
4
Filing time
09 Mar 2023, 16:10:26 UTC
Previous filing
27 Apr 2022
Next filing
10 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATNI Common Stock Award $0 +6,600 +27% $0.000000 30,654 07 Mar 2023 Direct F1

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 ATNI Performance-Based Restricted Stock Units Award $0 +6,600 $0.000000 6,600 07 Mar 2023 Common Stock 6,600 $0.000000 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The securities described are restricted stock units and will vest in four equal installments on each of March 7, 2024, 2025, 2026 and 2027. Upon vesting Ms. Mabey will receive a number of shares of common stock equal to the number of restricted stock units that have vested.
F2 Each performance-based RSU ("PSU") represents a contingent right to receive one share of the Issuer's common stock, subject to achievement of pre-established relative total shareholder return ("TSR") goals that were 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, using the average closing price of the shares for the 40 days before and including each of the first and last days of the applicable performance period. The aggregate number of shares issued may range from zero (0) shares to 150% of the target number of shares reported in Columns 7 and 9 of this report.
F3 Between zero (0) and 150% of the PSUs will generally vest, if at all, as of the end of the performance period on March 7, 2026.