American Tower Management

Management criteria checks 4/4

American Tower's CEO is Steve Vondran, appointed in Feb 2024, has a tenure of less than a year. total yearly compensation is $6.90M, comprised of 9.3% salary and 90.7% bonuses, including company stock and options. directly owns 0.007% of the company’s shares, worth €5.52M. The average tenure of the management team and the board of directors is 2.6 years and 7.7 years respectively.

Key information

Steve Vondran

Chief executive officer

US$6.9m

Total compensation

CEO salary percentage	9.3%
CEO tenure	less than a year
CEO ownership	0.007%
Management average tenure	2.6yrs
Board average tenure	7.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Steve Vondran's remuneration changed compared to American Tower's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$7m	US$640k	US$1b
Sep 30 2023	n/a	n/a	US$715m
Jun 30 2023	n/a	n/a	US$967m
Mar 31 2023	n/a	n/a	US$1b
Dec 31 2022	US$6m	US$640k	US$2b
Sep 30 2022	n/a	n/a	US$3b
Jun 30 2022	n/a	n/a	US$3b
Mar 31 2022	n/a	n/a	US$3b
Dec 31 2021	US$6m	US$640k	US$3b
Sep 30 2021	n/a	n/a	US$2b
Jun 30 2021	n/a	n/a	US$2b
Mar 31 2021	n/a	n/a	US$2b
Dec 31 2020	US$5m	US$628k	US$2b
Sep 30 2020	n/a	n/a	US$2b
Jun 30 2020	n/a	n/a	US$2b
Mar 31 2020	n/a	n/a	US$2b
Dec 31 2019	US$4m	US$592k	US$2b

Compensation vs Market: Steve's total compensation ($USD6.90M) is about average for companies of similar size in the German market ($USD5.66M).

Compensation vs Earnings: Steve's compensation has been consistent with company performance over the past year.

CEO

Steve Vondran (52 yo)

less than a year

Tenure

US$6,898,630

Compensation

Mr. Steven O. Vondran, also known as Steve, JD, serves as President, Chief Executive Officer and Director at American Tower Corp. since February 01, 2024 and served as Global Chief Operating Officer and Ex...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Steven Vondran	President	less than a year	US$6.90m	0.0074% $ 5.5m
Rodney Smith	Executive VP	4.1yrs	US$6.25m	0.0092% $ 6.9m
Olivier Puech	Executive VP & President of Latin America and EMEA	11.3yrs	US$6.90m	0.0083% $ 6.3m
Sanjay Goel	Executive VP & President of Asia-Pacific	3.1yrs	US$5.27m	0.0015% $ 1.2m
Robert Meyer	Senior VP & Chief Accounting Officer	4.3yrs	no data	0.0047% $ 3.5m
Edward Knapp	Senior VP & CTO	no data	no data	no data
Ruth Dowling	Executive VP	1.3yrs	no data	0.0038% $ 2.8m
Adam Smith	Senior Vice President of Investor Relations	3.3yrs	no data	no data
Anthony Noble	Senior VP & Chief Strategy Officer	2.1yrs	no data	no data
Colleen Powell	Senior VP & Chief Diversity	2.1yrs	no data	no data
Julian Plumstead	Senior Vice President of M&A and Business Development - Europe	2yrs	no data	no data
Eugene Noel	Executive VP & President of U.S. Tower Division	no data	no data	0.0057% $ 4.3m

2.6yrs

Average Tenure

55.5yo

Average Age

Experienced Management: A0T's management team is considered experienced (2.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Steven Vondran	President	less than a year	US$6.90m	0.0074% $ 5.5m
Raymond Dolan	Independent Director	21.2yrs	US$320.04k	0.0040% $ 3.0m
Pamela D. Reeve	Independent Non-Executive Chairman	22.1yrs	US$440.04k	0.0040% $ 3.0m
Craig Macnab	Independent Director	9.3yrs	US$335.04k	0.0026% $ 1.9m
Robert Hormats	Independent Director	8.5yrs	US$325.04k	0.0015% $ 1.1m
Samme Thompson	Independent Director	18.7yrs	US$315.04k	0.0050% $ 3.7m
JoAnn Reed	Independent Director	16.9yrs	US$345.04k	0.013% $ 9.8m
Teresa Clarke	Independent Director	2.3yrs	US$320.04k	0.00042% $ 314.8k
Bruce Tanner	Independent Director	4.6yrs	US$320.04k	0.00077% $ 577.1k
Grace Lieblein	Independent Director	6.8yrs	US$320.04k	0.0012% $ 929.3k
Kenneth Frank	Independent Director	3.3yrs	US$325.04k	0.00061% $ 457.2k
Kelly Chambliss	Independent Director	2.1yrs	US$320.04k	0.00023% $ 172.4k

7.7yrs

Average Tenure

64.5yo

Average Age

Experienced Board: A0T's board of directors are considered experienced (7.7 years average tenure).

American Tower Management

Management criteria checks 4/4

Key information

Recent management updates

Senior VP & Chief Accounting Officer recently sold €214k worth of stock

American Tower Corporation Announces Management Changes, Effective January 1, 2023

Recent updates

American Tower Corporation to Report Q1, 2024 Results on Apr 30, 2024

Upcoming dividend of US$1.62 per share

Fourth quarter dividend of US$1.62 announced

American Tower Corporation Declares Quarterly Cash Distribution, Payable on April 26, 2024

American Tower Corporation Provides Earnings Guidance for the Year 2024

Full year 2023 earnings released: FFO per share: US$9.9 (vs US$11.44 in FY 2022)

Baker Roofing Company acquired Single Story, 49,754 Square Feet, Class-A Office Building at 3500 Regency Parkway from American Tower Corporation (NYSE:AMT) for $7.1 million.

American Tower Corporation to Report Q4, 2023 Results on Feb 27, 2024

Upcoming dividend of US$1.70 per share at 3.2% yield

American Tower Corporation Declares Cash Distribution on Common Stock, Payable on February 1, 2024

American Towers Reportedly Set to Sell Loss-Making India Operations for $2.2 Billion

American Tower Corporation Revises Earnings Guidance for the Full Year 2023

Third quarter 2023 earnings released: EPS: US$1.26 (vs US$1.80 in 3Q 2022)

CoreSite,Subsidiary of American Tower Corporation Announces to Launch Valuable Enhancements to Its CoreSite Open Cloud Exchange

American Tower Corporation to Report Q3, 2023 Results on Oct 26, 2023

Upcoming dividend of US$1.62 per share at 4.1% yield

I Squared Closes in to Buy ATC's India Telecom Towers for $1.5 Billion -$2 Billion

Second quarter 2023 earnings released: FFO per share: US$2.4 (vs US$3.61 in 2Q 2022)

American Tower Corporation to Report Q2, 2023 Results on Jul 27, 2023

I Squared Reportedly Leads the Race to Acquire ATC's India Unit

American Tower Corporation(NYSE:AMT) dropped from Russell 1000 Value Index

Upcoming dividend of US$1.57 per share at 3.3% yield

Emitel S.A. acquired ATC Polska from American Tower Corporation (NYSE:AMT).

Emitel S.A. acquired ATC Polska from American Tower Corporation (NYSE:AMT).

American Tower Corporation Declares Quarterly Distribution, Payable on July 10, 2023

First quarter 2023 earnings released: FFO per share: US$2.3 (vs US$3.08 in 1Q 2022)

Upcoming dividend of US$1.56 per share at 3.0% yield

Full year 2022 earnings released: EPS: US$3.83 (vs US$5.69 in FY 2021)

American Tower Corporation to Report Q4, 2022 Results on Feb 23, 2023

Now 20% undervalued

Upcoming dividend of US$1.56 per share

American Tower Corporation Declares A Cash Distribution Payable on February 2, 2023

Senior VP & Chief Accounting Officer recently sold €214k worth of stock

Third quarter 2022 earnings released: FFO per share: US$3.5 (vs US$2.92 in 3Q 2021)

Stonepeak Partners LP acquired additional minority stake in U.S. data center business of American Tower Corporation for $570 million.

American Tower Reportedly Weighs Offer for Stake in Vodafone Towers Unit

American Tower Corporation to Report Q3, 2022 Results on Oct 27, 2022

American Tower Corporation Announces Management Changes, Effective January 1, 2023

Upcoming dividend of US$1.47 per share

American Tower Corporation Declares Quarterly Cash Distribution, Payable on October 26, 2022

Second quarter 2022 earnings released: FFO: US$2.67b per share (vs US$2.77 in 2Q 2021)

American Tower Corporation Provides Earnings Guidance for the Year 2022

Stonepeak Partners LP agreed to acquire a 29% stake in U.S. data center business from American Tower Corporation (NYSE:AMT) for $2.5 billion.

American Tower Corporation to Report Q2, 2022 Results on Jul 28, 2022

Upcoming dividend of US$1.43 per share

American Tower Corporation Declares Quarterly Distribution, Payable on July 8, 2022

First quarter 2022 earnings released: FFO: US$2.66b per share (vs US$2.49 in 1Q 2021)

Cellnex Reportedly Confirms Interest in Deutsche Telekom's Mobile Towers Unit

Cellnex Reportedly Confirms Interest in Deutsche Telekom's Mobile Towers Unit

Cellnex Reportedly Confirms Interest in Deutsche Telekom's Mobile Towers Unit

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age