ATN International (ATNI) has shares withheld to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ATN International executive chairman Michael T. Prior had 6,877 common shares withheld to cover tax obligations from restricted stock unit vesting. The shares were withheld on March 12 and March 13 at prices of $24.65 and $24.49 per share. After these tax-withholding dispositions, he directly holds 576,527 common shares and also reports additional indirect holdings through several family trusts.
Positive
- None.
Negative
- None.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
PRIOR MICHAEL T
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 4,686 | $24.49 | $115K |
| Tax Withholding | Common Stock | 2,191 | $24.65 | $54K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 576,527 shares (Direct);
Common Stock — 128,847 shares (Indirect, Trustee of Lauren S. Prior 2013 Trust)
Footnotes (1)
- Represents shares withheld by the Company for payment of Mr. Prior's tax obligation arising from the vesting of previously granted Restricted Stock Units. Refer to existing footnote (1)
FAQ
What insider transaction did ATNI director Michael T. Prior report on this Form 4?
Michael T. Prior reported company share withholdings to pay taxes on vested restricted stock units. These were coded as F transactions, reflecting tax-withholding dispositions rather than open-market sales, and relate to previously granted equity awards.
What indirect ATNI holdings does Michael T. Prior report through trusts?
Michael T. Prior reports indirect ATN International holdings as trustee for several trusts, including 128,847 shares for the Lauren S. Prior 2013 Trust and smaller positions for JP 2018, WP 2015, RP 2014, and Prior Family Trust 2019, as holding entries without new transactions.
Do these ATNI Form 4 entries represent open-market sales by Michael T. Prior?
These entries do not represent open-market sales. They are Form 4 code F tax-withholding dispositions, where ATN International withheld shares to pay Michael T. Prior’s tax obligations arising from the vesting of restricted stock units previously granted.