Justin M. Leon - Mar 8, 2024 Form 4 Insider Report for ATN International, Inc. (ATNI)

Role
SVP, CORPORATE DEVELOPMENT
Signature
/s/ Justin M. Leon
Stock symbol
ATNI
Transactions as of
Mar 8, 2024
Transactions value $
-$42,118
Form type
4
Date filed
3/27/2024, 02:51 PM
Previous filing
Mar 11, 2024
Next filing
Mar 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATNI Common Stock Options Exercise $0 +2.8K +12.46% $0.00 25.2K Mar 8, 2024 Direct F1
transaction ATNI Common Stock Tax liability -$42.1K -1.27K -5.05% $33.06 23.9K Mar 8, 2024 Direct F2

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 Options Exercise $0 +3.25K +19.01% $0.00 20.3K Mar 8, 2024 Common Stock 3.25K $0.00 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Common stock issued upon vesting of performance-based RSU ("PSU") based on the 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 is 86% of the target number of PSU shares previously reported.
F2 Represents shares withheld by the Company for payment of Mr. Leon's tax obligation arising from the vesting of previously granted Performance Stock Units.
F3 Each PSU represents a contingent right to receive one share of the Issuer's common stock, subject to the achievement of pre-established relative 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 actually vested represents approximately 86% of the target number of shares reported in columns 5 and 7 of this report. The end of the performance period was March 8, 2024.
F4 Refer to existing footnote (3)