American Tower (AMT) has released an update to notify the public and investors about its officers.
American Tower Corporation has appointed Steven O. Vondran as its new President and CEO, with his tenure commencing on February 1, 2024. The Board’s Compensation Committee has authorized a base salary of $1 million for Vondran, with the potential for a 200% cash bonus based on the company’s and his personal performance. Additionally, Vondran will receive an equity grant valued at $10 million, split between performance-based and restricted stock units. Meanwhile, Thomas A. Bartlett will maintain his existing compensation package, but without any new equity grant for the year.
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For a comprehensive understanding of the announcement, you can read the full document here.
