ATN International (ATNI) chair has 2,378 shares withheld for RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ATN International executive chairman Michael T. Prior reported a routine tax-related share disposition. On this Form 4, 2,378 shares of ATN International common stock were withheld by the company at a price of $27.92 per share to cover his tax obligation from the vesting of previously granted restricted stock units.
After this withholding, Prior directly holds 587,673 common shares. The filing also shows additional indirect holdings through several family trusts, where he is listed as trustee, indicating a substantial ongoing ownership position despite the tax-withholding transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
PRIOR MICHAEL T
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,378 | $27.92 | $66K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 587,673 shares (Direct);
Common Stock — 128,847 shares (Indirect, Trustee of Lauren S. Prior 2013 Trust)
Footnotes (1)
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FAQ
What did ATN International (ATNI) executive chairman Michael Prior report in this Form 4?
Michael T. Prior reported that 2,378 ATN International shares were withheld by the company to satisfy his tax obligations from vesting restricted stock units, rather than sold on the open market. This is a routine compensation-related event, not a discretionary share sale.
Was this ATN International (ATNI) Form 4 a market sale by Michael Prior?
No. The Form 4 describes a tax-withholding disposition, not an open-market sale. Shares were retained by ATN International to cover Michael Prior’s tax obligation from vesting restricted stock units, as explicitly stated in the footnote, making this a standard compensation-related transaction.
What role does Michael Prior hold at ATN International (ATNI) in this Form 4?
Michael T. Prior is identified as a director and executive chairman of ATN International. The Form 4 reflects his equity compensation activity and resulting holdings, including both his direct share position and indirect positions as trustee of several family trusts.