Justin D. Benincasa - Mar 7, 2023 Form 4 Insider Report for ATN International, Inc. (ATNI)

Role
CFO
Signature
/s/ Andrew S. Fienberg attorney in fact for Justin D. Benincasa, Attorney-in-Fact
Stock symbol
ATNI
Transactions as of
Mar 7, 2023
Transactions value $
$0
Form type
4
Date filed
3/9/2023, 04:18 PM
Previous filing
Dec 13, 2022
Next filing
Mar 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATNI Common Stock Award $0 +11K +17.41% $0.00 74.2K Mar 7, 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 Performanc- Based Restricted Stock Units Award $0 +11K $0.00 11K Mar 7, 2023 Common Stock 11K $0.00 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 Mr. Benincasa 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 PSU's will generally vest, if at all, as of the end of the performance period on March 7, 2026.