Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-07-31

American Tower Corp. (AMT)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$14,854,505
Steven Vondran total, FY2025
23rd
CEO pay percentile vs peers
164:1
CEO-to-median pay ratio
93.99%
Say-on-pay support, latest vote
Companies that benchmark against AMT
13 companies name AMT as a compensation peer

Each company listed discloses AMT in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named AMT in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Steven Vondran$1,000,000$0$11,528,748$0$2,280,000$0$45,757$14,854,505
President and CEO
Olivier Puech640,34104,685,3750912,4860256,2006,494,402
Executive Vice President and President, International
Rodney Smith660,00004,685,3750940,500046,7866,332,661
Executive Vice President, Chief Financial Officer and Treasurer
Ruth Dowling620,00003,332,1100883,500044,4664,880,076
Executive Vice President, Chief Administrative Officer, General Counsel and Secretary
Eugene Noel628,26903,123,5590897,750055,2504,704,828
Executive Vice President and Chief Operating Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Steven Vondran$14,854,505$13,426,944$6,898,630+1,427,561
Olivier Puech6,494,4026,647,2046,899,473−152,802
Rodney Smith6,332,6616,198,9036,253,623+133,758
Ruth Dowling4,880,0764,584,7810+295,295
Eugene Noel4,704,828

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Ruth DowlingEVP, Chief Admin Ofr, GC & Sec2026-04-28D416$178$73,857CommonForm 4 ↗
Ruth DowlingEVP, Chief Admin Ofr, GC & Sec2026-04-28D55617899,235CommonForm 4 ↗
Pamela D. A. ReeveDirector2026-05-28D81000CommonForm 4 ↗
Robert Joseph MeyerSVP & Advisor to the CFO2026-06-01D15318828,692CommonForm 4 ↗
Ruth DowlingEVP, Chief Admin Ofr, GC & Sec2026-07-28D1,106175193,506CommonForm 4 ↗
Ruth DowlingEVP, Chief Admin Ofr, GC & Sec2026-07-28D685170116,135CommonForm 4 ↗
Robert Joseph MeyerSVP & Advisor to the CFO2026-07-29D5,000179894,450CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Eugene NoelRSU2025-03-105,632$1,200,010
Olivier PuechPSU2025-03-106,33612,67225,3442,885,360
Rodney SmithPSU2025-03-106,33612,67225,3442,885,360
Olivier PuechRSU2025-03-108,4481,800,015
Eugene NoelPSU2025-03-104,2248,44816,8961,923,549
Steven VondranPSU2025-03-1018,07036,13972,2788,228,720
Steven VondranRSU2025-03-1015,4883,300,028
Ruth DowlingPSU2025-03-104,5069,01218,0242,051,985
Ruth DowlingRSU2025-03-106,0081,280,125
Rodney SmithRSU2025-03-108,4481,800,015
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Eugene Noel$1,200,010$1,923,549$061.6%
Olivier Puech1,800,0152,885,360061.6%
Rodney Smith1,800,0152,885,360061.6%
Steven Vondran3,300,0288,228,720071.4%
Ruth Dowling1,280,1252,051,985061.6%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Olivier PuechRSU8,448$1,483,215
Rodney SmithRSU21,4253,761,587
Ruth DowlingRSU4,354764,432
Steven VondranRSU24,6264,323,587
Steven VondranRSU18,0703,172,550
Steven VondranRSU16,9292,972,225
Steven VondranRSU15,4882,719,228
Ruth DowlingRSU11,0831,945,842
Steven VondranRSU9,6741,698,464
Olivier PuechRSU7,2561,273,936
Olivier PuechRSU6,4491,132,251
Ruth DowlingRSU6,0081,054,825
Rodney SmithRSU5,8041,019,008
Eugene NoelRSU5,632988,810
Eugene NoelRSU4,224741,608
Eugene NoelRSU3,628636,968
Rodney SmithRSU3,032532,328
Eugene NoelRSU2,239393,101
Eugene NoelRSU1,611282,843
Ruth DowlingRSU1,568275,294
Ruth DowlingRSU859150,815
Rodney SmithRSU8,4481,483,215
Ruth DowlingRSU4,506791,118
Ruth DowlingRSU3,870679,456
Steven VondranRSU3,485611,861
Olivier PuechRSU3,485611,861
Eugene NoelRSU3,224566,038
Rodney SmithRSU1,546271,431
Rodney SmithRSU6,5301,146,472
Olivier PuechRSU24,6264,323,587
Olivier PuechRSU1,976346,926
Rodney SmithRSU6,3361,112,412
Olivier PuechRSU6,3361,112,412
Steven VondranRSU1,976346,926
05

Incentive-plan design — the Compensation Discussion & Analysis

The guiding principle of our executive compensation philosophy is to pay for performance. Fundamentally, our compensation program is designed to: Attract and retain top talent, Motivate and engage our executive officers, Drive sustainable, long-term growth and stockholder value consistent with our values, vision and growth strategy

CEO STI target (% of salary)200%
CEO LTI target (% of salary)
Independent consultantMeridian Compensation Partners, LLC
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-20377,995,94824,171,6371,596,70893.99%Passed
20252025-05-14378,040,88622,168,1681,495,62194.46%Passed
20242024-05-22377,946,26614,857,3949,035,22996.22%Passed
20232023-05-24378,742,19715,051,0201,220,43496.18%Passed
20222022-05-18372,812,18414,647,3111,142,67996.22%Passed
20212021-05-26352,245,28421,389,2761,106,17994.28%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-05-2093.99%a
20252025-05-1494.46%b
20242024-05-2296.22%c

a. Approved under the standard stated in the filing — “Abstentions and broker non-votes are not considered as votes cast "for" or "against" this proposal and have no effect on the results.”.

b. Approved under the standard stated in the filing — “Abstentions and broker non-votes are not considered as votes cast "for" or "against" this proposal and have no effect on the results.”.

c. Approved under the standard stated in the filing — “Abstentions and broker non-votes are not considered as votes cast "for" or "against" this proposal and have no effect on the results.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)164 : 1
CEO total compensation$14,854,505
Median employee compensation$90,534
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Pamela D. A. ReeveIndependent · Board Chair · Nominating/Governance$265,000$225,002$0$0$0$490,002
Bruce L. TannerIndependent · Audit (Chair)140,000225,002000365,002
Kenneth R. FrankIndependent · Audit · Nominating/Governance (Chair)140,000225,002000365,002
Grace D. LiebleinIndependent · Compensation (Chair)130,000225,002000355,002
Craig MacnabIndependent · Audit115,000225,002000340,002
Neville R. RayIndependent · Compensation115,000225,002000340,002
Kelly C. ChamblissIndependent · Compensation115,000225,002000340,002
Teresa H. ClarkeIndependent · Nominating/Governance · Audit115,000225,002000340,002
Rajesh KalathurIndependent · Audit · Partial-year service · Newly elected115,000225,002000340,002
Robert D. HormatsIndependent · Nominating/Governance · Not standing for re-election115,000225,002000340,002
Eugene F. ReillyIndependent · Compensation · Partial-year service · Newly elected57,50000057,500
Steven VondranEmployee director00000
JoAnn A. ReedIndependent · Audit · Not standing for re-election · Departed during FY000000
09

Board fee structure and ownership guideline

Annual cash retainer$100,000
Annual equity retainer$225,002
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)125,000
Stock ownership guideline$500,000
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$1,422,500
Equity awards (grant-date value)$2,250,020
All other compensation$0
Total cost of the board$3,672,520

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies American Tower Corp. names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including American Tower Corp..

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Welltower Inc.2025Shankh Mitra$1,300,000$813,178,818$0$6,500,000$821,090,355
2Broadcom Inc.2025Hock Tan1,200,000202,351,08000205,278,006
3Adobe Inc.2025Shantanu Narayen1,500,00045,376,11003,120,00051,173,935
4Salesforce, Inc.2026Marc Benioff1,550,00027,265,36010,743,0973,602,58849,379,252
5Intuit Inc.2025Sasan Goodarzi1,300,00024,285,3848,650,1682,600,00036,845,552
6Mastercard Incorporated2025Michael Miebach1,375,00020,711,4564,950,0097,957,95035,422,518
7Booking Holdings Inc.2025Glenn Fogel1,250,00026,202,27904,042,50035,418,102
8Motorola Solutions, Inc.2025Gregory Brown1,350,00018,964,8469,121,5344,507,65034,453,481
9NextEra Energy, Inc.2025Rebecca Kujawa514,80019,888,2155,126,242026,105,632
10L3Harris Technologies, Inc.2025Christopher Kubasik1,550,00014,175,00006,200,00025,617,590
11BXP (fka Boston Properties, Inc.)2025Owen Thomas950,00019,317,94302,758,90023,047,305
12Fidelity National Information Services, Inc.2025Stephanie Ferris1,250,00018,741,36702,812,50022,928,412
13Texas Instruments Incorporated2025Haviv Ilan1,295,8339,000,0719,000,017246,98622,669,509
14Equinix, Inc.2025Adaire Fox-Martin1,000,00021,416,9514322,654,885
15Digital Realty Trust, Inc.2025Andrew Power978,84614,174,68403,700,00021,071,498
16Ventas, Inc.2025Debra Cafaro1,162,72012,015,05104,087,30317,501,073
17Prologis, Inc.2025Daniel Letter795,38512,500,990015,190,625
18American Tower Corp.2025Steven Vondran1,000,00011,528,74802,280,00014,854,505
19Crown Castle Inc.2025Christian Hillabrant269,23112,147,0360823,52214,154,801
20Equity Residential2025Mark Parrell900,0008,023,6681,498,7412,317,61312,759,187
21Simon Property Group, Inc.2025David Simon1,250,0007,000,2610011,663,678
22SBA Communications Corporation2025Brendan Cavanagh955,0008,640,31301,733,08611,358,715
23Public Storage2025Joseph Russell1,000,0003,982,3712,907,5832,005,8239,909,777

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
American Tower Corp.114%PSU 70 · RSU 30Yes — Relative TSRMeridian Compensation Partners, LLC
Adobe Inc.104%PSU 70 · RSU 30YesCompensia, Inc.
Booking Holdings Inc.162%PSU 60 · RSU 40Yes — Relative Total Stockholder Return (rTSR)Semler Brossy
Broadcom Inc.145%PSU 100NoMeridian Compensation Partners
BXP (fka Boston Properties, Inc.)117.4%PSU 55 · RSU 45Yes — Relative TSR with aTSR ModifierFW Cook
Crown Castle Inc.139.16%PRSU 60 · RSU 40NoFW Cook
Digital Realty Trust, Inc.378%PSU 60 · LTIP Units 40NoSemler Brossy
Equinix, Inc.99%PSU 67 · RSU 33Yes — rTSRCompensia
Equity Residential114.45%PSU 100Yes — Performance of Company relative to weighted average TSR of companies in the FTSE Nareit Equity Apartments IndexFerguson Partners Consulting
Fidelity National Information Services, Inc.100%PSU 50 · RSU 50Yes — Relative TSR vs S&P 500Meridian
Intuit Inc.not disclosedPSU 50 · RSU 25 · Options 25Yes — Relative TSR (60th percentile target)Frederic W. Cook & Co. (FW Cook)
L3Harris Technologies, Inc.200%PSU 50 · Options 25 · RSU 25Yes — Relative TSRFrederic W. Cook & Co., Inc.
Mastercard Incorporated227%PSU 60 · RSU 20 · Options 20NoFW Cook
Motorola Solutions, Inc.not disclosednot disclosednot disclosedCompensation Advisory Partners LLC
NextEra Energy, Inc.not disclosednot disclosednot disclosednot disclosed
Prologis, Inc.137.5%PSU 100NoPay Governance
Public Storagenot disclosedRSU 60 · Options 40not disclosedFerguson Partners Consulting
Salesforce, Inc.103.3%PSU 67 · Options 33Yes — Relative TSRSemler Brossy
SBA Communications Corporation103.7%PSU 60 · RSU 40Yes — Relative TSRF.W. Cook & Co., Inc.
Simon Property Group, Inc.49.63%LTIP Units 75 · RSU 25Yes — TSR modifierSemler Brossy
Texas Instruments Incorporatednot disclosedRSU 50 · Option 50not disclosedPearl Meyer
Ventas, Inc.352%PSU 70 · RSU 30Yes — TSR Relative to the Nareit Health Care IndexSemler Brossy
Welltower Inc.200%not disclosedYes — TSR vs FTSE NAREIT Equity Health Care IndexFPC

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

FAQ

Frequently asked questions

Who was the highest-paid executive at American Tower Corp. in fiscal 2025?
The highest-paid executive at American Tower Corp. in fiscal 2025 was Steven Vondran, President and CEO, with total compensation of $14,854,505.
How does American Tower Corp.'s chief executive pay compare to its disclosed peer group?
The filing shows that Steven Vondran's pay placed him at the 23rd percentile of disclosed peers.
What is American Tower Corp.'s CEO-to-median employee pay ratio?
As disclosed, the CEO-to-median employee pay ratio was 164:1.
How did shareholders vote on American Tower Corp.'s executive compensation?
Shareholders approved the executive compensation plan with 93.99% support in the latest vote.
How much does American Tower Corp. spend in total on board compensation for fiscal 2025?
The company reported total board compensation for fiscal 2025 was $3,672,520.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Steven VondranDEF 14A2026-04-080001053507-26-000088Section “SUMMARY COMPENSATION TABLE”. As printed: 14,854,505. Filing ↗machine: span 1362503–1362513
2Section 01, Olivier PuechDEF 14A2026-04-080001053507-26-000088Section “SUMMARY COMPENSATION TABLE”. As printed: 6,494,402. Filing ↗machine: span 1386096–1386105
3Section 01, Rodney SmithDEF 14A2026-04-080001053507-26-000088Section “SUMMARY COMPENSATION TABLE”. As printed: 6,332,661. Filing ↗machine: span 1374873–1374882
4Section 01, Ruth DowlingDEF 14A2026-04-080001053507-26-000088Section “SUMMARY COMPENSATION TABLE”. As printed: 4,880,076. Filing ↗machine: span 1397708–1397717
5Section 01, Eugene NoelDEF 14A2026-04-080001053507-26-000088Section “SUMMARY COMPENSATION TABLE”. As printed: 4,704,828. Filing ↗machine: span 1409388–1409397
6Section 03, Eugene Noel RSUDEF 14A2026-04-080001053507-26-000088Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t124 · r37 · c11 · span 1681679–1681684
7Section 03, Olivier Puech PSUDEF 14A0001053507-26-000088Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
8Section 03, Rodney Smith PSUDEF 14A0001053507-26-000088Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
9Section 03, Olivier Puech RSUDEF 14A0001053507-26-000088Section “COMPENSATION AND OTHER INFORMATION CONCERNING DIRECTORS AND OFFICERS” · grants of plan-based awards table. Filing ↗machine: t124 · r22 · c11 · span 1626003–1626008
10Section 03, Eugene Noel PSUDEF 14A2026-04-080001053507-26-000088Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
11Section 03, Steven Vondran PSUDEF 14A2026-04-080001053507-26-000088Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
12Section 03, Steven Vondran RSUDEF 14A2026-04-080001053507-26-000088Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t124 · r7 · c11 · span 1568683–1568689
13Section 03, Ruth Dowling PSUDEF 14A2026-04-080001053507-26-000088Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
14Section 03, Ruth Dowling RSUDEF 14A2026-04-080001053507-26-000088Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t124 · r29 · c11 · span 1652118–1652123
15Section 03, Rodney Smith RSUDEF 14A0001053507-26-000088Section “COMPENSATION AND OTHER INFORMATION CONCERNING DIRECTORS AND OFFICERS” · grants of plan-based awards table. Filing ↗machine: t124 · r15 · c11 · span 1599886–1599891
16Section 07, pay ratioDEF 14A2026-04-080001053507-26-000088Section “CEO Pay Ratio”. As printed: 164 : 1. Filing ↗machine: span 1823499–1823507
17Section 08, Pamela D. A. ReeveDEF 14A2026-04-080001053507-26-000088Section “Director Compensation”. As printed: 490,002. Filing ↗machine: t66 · r10 · c11 · span 809579–809586
18Section 08, Bruce L. TannerDEF 14A2026-04-080001053507-26-000088Section “Director Compensation”. As printed: 365,002. Filing ↗machine: t66 · r12 · c11 · span 814540–814547
19Section 08, Kenneth R. FrankDEF 14A2026-04-080001053507-26-000088Section “Director Compensation”. As printed: 365,002. Filing ↗machine: t66 · r4 · c11 · span 796417–796424
20Section 08, Grace D. LiebleinDEF 14A2026-04-080001053507-26-000088Section “Director Compensation”. As printed: 355,002. Filing ↗machine: t66 · r7 · c11 · span 803000–803007
21Section 08, Craig MacnabDEF 14A2026-04-080001053507-26-000088Section “Director Compensation”. As printed: 340,002. Filing ↗machine: t66 · r8 · c11 · span 805191–805198
22Section 08, Neville R. RayDEF 14A2026-04-080001053507-26-000088Section “Director Compensation”. As printed: 340,002. Filing ↗machine: t66 · r9 · c11 · span 807383–807390
23Section 08, Kelly C. ChamblissDEF 14A2026-04-080001053507-26-000088Section “Director Compensation”. As printed: 340,002. Filing ↗machine: t66 · r2 · c11 · span 792060–792067
24Section 08, Teresa H. ClarkeDEF 14A2026-04-080001053507-26-000088Section “Director Compensation”. As printed: 340,002. Filing ↗machine: t66 · r3 · c11 · span 794223–794230
25Section 08, Rajesh KalathurDEF 14A2026-04-080001053507-26-000088Section “Director Compensation”. As printed: 340,002. Filing ↗machine: t66 · r6 · c11 · span 800805–800812
26Section 08, Robert D. HormatsDEF 14A2026-04-080001053507-26-000088Section “Director Compensation”. As printed: 340,002. Filing ↗machine: t66 · r5 · c11 · span 798612–798619
27Section 08, Eugene F. ReillyDEF 14A2026-04-080001053507-26-000088Section “Director Compensation”. As printed: 57,500. Filing ↗machine: t66 · r11 · c3 · span 810677–810683
28Section 08, Steven VondranDEF 14A2026-04-080001053507-26-000088Section “Director Compensation”. As printed: 0. Filing ↗
29Section 08, JoAnn A. ReedDEF 14A2026-04-080001053507-26-000088Section “Director Compensation”. As printed: 0. Filing ↗
30Section 02, Ruth Dowling 2026-04-28Form 42026-04-300001053507-26-000105Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Ruth Dowling 2026-04-28Form 42026-04-300001053507-26-000105Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, Pamela D. A. Reeve 2026-05-28Form 42026-06-010001053507-26-000121Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, Robert Joseph Meyer 2026-06-01Form 42026-06-030001053507-26-000125Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, Ruth Dowling 2026-07-28Form 42026-07-300001053507-26-000135Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, Ruth Dowling 2026-07-28Form 42026-07-300001053507-26-000135Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Robert Joseph Meyer 2026-07-29Form 42026-07-310001053507-26-000137Insider equity transaction reported since the proxy statement. Filing ↗
37Section 06, 2026 voteForm 8-K2026-05-210001053507-26-000116Item 5.07 · say-on-pay result. As reported: 93.99% (votes for as printed: 377,995,948). Filing ↗
38Section 06, 2025 voteForm 8-K2025-05-150001053507-25-000105Item 5.07 · say-on-pay result. As reported: 94.46% (votes for as printed: 378,040,886). Filing ↗
39Section 06, 2024 voteForm 8-K2024-05-240001053507-24-000095Item 5.07 · say-on-pay result. As reported: 96.22% (votes for as printed: 377,946,266). Filing ↗
40Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
41Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
42Section 09b board cost (computed)ComputedcomputedCash 1,422,500 + equity 2,250,020 + all other 0 = 3,672,520, summed across the director compensation table rows.machine: formula: Σ = 3,672,520
43Welltower Inc., Section 10b CEO totalDEF 14A2026-04-100000766704-26-000014CEO total compensation as printed in Welltower Inc.'s own proxy. As printed: 821,090,355. Filing ↗machine: t141 · r3 · c12 · span 1124520–1124531
44Broadcom Inc., Section 10b CEO totalDEF 14A2026-03-020001193125-26-085691CEO total compensation as printed in Broadcom Inc.'s own proxy. As printed: 205,278,006. Filing ↗machine: span 845048–845059
45Adobe Inc., Section 10b CEO totalDEF 14A2026-02-270000796343-26-000043CEO total compensation as printed in Adobe Inc.'s own proxy. As printed: 51,173,935. Filing ↗machine: r3 · c51 · span 923759–923769
46Salesforce, Inc., Section 10b CEO totalDEF 14A2026-04-160001108524-26-000085CEO total compensation as printed in Salesforce, Inc.'s own proxy. As printed: 49,379,252. Filing ↗machine: r4 · c24 · span 1710833–1710843
47Intuit Inc., Section 10b CEO totalDEF 14A2025-11-260000896878-25-000057CEO total compensation as printed in Intuit Inc.'s own proxy. As printed: 36,845,552. Filing ↗machine: span 1544523–1544533
48Mastercard Incorporated, Section 10b CEO totalDEF 14A2026-04-270001141391-26-000021CEO total compensation as printed in Mastercard Incorporated's own proxy. As printed: 35,422,518. Filing ↗machine: r3 · c54 · span 1446723–1446733
49Booking Holdings Inc., Section 10b CEO totalDEF 14A2026-04-210001308179-26-000310CEO total compensation as printed in Booking Holdings Inc.'s own proxy. As printed: 35,418,102. Filing ↗machine: span 2167953–2167963
50Motorola Solutions, Inc., Section 10b CEO totalDEF 14A2026-04-020001193125-26-139004CEO total compensation as printed in Motorola Solutions, Inc.'s own proxy. As printed: 34,453,481. Filing ↗machine: r4 · c33 · span 1196425–1196435
51NextEra Energy, Inc., Section 10b CEO totalDEF 14A2026-04-010001104659-26-038551CEO total compensation as printed in NextEra Energy, Inc.'s own proxy. As printed: 26,105,632. Filing ↗
52L3Harris Technologies, Inc., Section 10b CEO totalDEF 14A2026-04-010001104659-26-038170CEO total compensation as printed in L3Harris Technologies, Inc.'s own proxy. As printed: 25,617,590. Filing ↗machine: t208 · r11 · c26 · span 2251107–2251117
53BXP (fka Boston Properties, Inc.), Section 10b CEO totalDEF 14A2026-04-100001037540-26-000010CEO total compensation as printed in BXP (fka Boston Properties, Inc.)'s own proxy. As printed: 23,047,305. Filing ↗machine: span 1785714–1785724
54Fidelity National Information Services, Inc., Section 10b CEO totalDEF 14A2026-04-280001136893-26-000026CEO total compensation as printed in Fidelity National Information Services, Inc.'s own proxy. As printed: 22,928,412. Filing ↗machine: r2 · c8 · span 2228542–2228552
55Texas Instruments Incorporated, Section 10b CEO totalDEF 14A2026-03-040000097476-26-000078CEO total compensation as printed in Texas Instruments Incorporated's own proxy. As printed: 22,669,509. Filing ↗machine: span 619249–619259
56Equinix, Inc., Section 10b CEO totalDEF 14A2026-04-020001101239-26-000073CEO total compensation as printed in Equinix, Inc.'s own proxy. As printed: 22,654,885. Filing ↗machine: span 1101160–1101170
57Digital Realty Trust, Inc., Section 10b CEO totalDEF 14A2026-04-170001308179-26-000296CEO total compensation as printed in Digital Realty Trust, Inc.'s own proxy. As printed: 21,071,498. Filing ↗machine: r2 · c14 · span 644147–644157
58Ventas, Inc., Section 10b CEO totalDEF 14A2026-04-010000740260-26-000010CEO total compensation as printed in Ventas, Inc.'s own proxy. As printed: 17,501,073. Filing ↗machine: r2 · c42 · span 1775799–1775810
59Prologis, Inc., Section 10b CEO totalDEF 14A2026-03-190001193125-26-115132CEO total compensation as printed in Prologis, Inc.'s own proxy. As printed: 15,190,625. Filing ↗machine: span 926776–926786
60American Tower Corp. (subject), Section 10b CEO totalDEF 14A2026-04-080001053507-26-000088CEO total compensation as printed in American Tower Corp.'s own proxy. As printed: 14,854,505. Filing ↗machine: span 1362503–1362513
61Crown Castle Inc., Section 10b CEO totalDEF 14A2026-04-060001051470-26-000039CEO total compensation as printed in Crown Castle Inc.'s own proxy. As printed: 14,154,801. Filing ↗machine: r3 · c42 · span 809142–809152
62Equity Residential, Section 10b CEO totalDEF 14A2026-04-140001193125-26-155007CEO total compensation as printed in Equity Residential's own proxy. As printed: 12,759,187. Filing ↗machine: t125 · r5 · c25 · span 1751090–1751100
63Simon Property Group, Inc., Section 10b CEO totalDEF 14A2026-04-010001104659-26-038320CEO total compensation as printed in Simon Property Group, Inc.'s own proxy. As printed: 11,663,678. Filing ↗machine: t240 · r4 · c17 · span 1804893–1804903
64SBA Communications Corporation, Section 10b CEO totalDEF 14A2026-04-090001193125-26-149656CEO total compensation as printed in SBA Communications Corporation's own proxy. As printed: 11,358,715. Filing ↗machine: r3 · c23 · span 1023490–1023500
65Public Storage, Section 10b CEO totalDEF 14A2026-03-270001193125-26-128991CEO total compensation as printed in Public Storage's own proxy. As printed: 9,909,777. Filing ↗machine: t75 · r4 · c29 · span 2764941–2764950
66Section 10a, Broadcom Inc. reciprocityDEF 14A0001193125-26-085691Broadcom Inc.'s most recent proxy was read; its disclosed peer group does not include American Tower Corp.. Filing ↗
67Section 10a, Public Storage reciprocityDEF 14A0001193125-26-128991Public Storage names American Tower Corp. in its own disclosed peer group (read from its most recent proxy). Filing ↗
68Section 10a, Texas Instruments Incorporated reciprocityDEF 14A0000097476-26-000078Texas Instruments Incorporated's most recent proxy was read; its disclosed peer group does not include American Tower Corp.. Filing ↗
69Section 10a, Mastercard Incorporated reciprocityDEF 14A0001141391-26-000021Mastercard Incorporated's most recent proxy was read; its disclosed peer group does not include American Tower Corp.. Filing ↗
70Section 10a, Welltower Inc. reciprocityDEF 14A0000766704-26-000014Welltower Inc. names American Tower Corp. in its own disclosed peer group (read from its most recent proxy). Filing ↗
71Section 10a, Equity Residential reciprocityDEF 14A0001193125-26-155007Equity Residential's most recent proxy was read; its disclosed peer group does not include American Tower Corp.. Filing ↗
72Section 10a, Intuit Inc. reciprocityDEF 14A0000896878-25-000057Intuit Inc.'s most recent proxy was read; its disclosed peer group does not include American Tower Corp.. Filing ↗
73Section 10a, Fidelity National Information Services, Inc. reciprocityDEF 14A0001136893-26-000026Fidelity National Information Services, Inc.'s most recent proxy was read; its disclosed peer group does not include American Tower Corp.. Filing ↗
74Section 10a, Ventas, Inc. reciprocityDEF 14A0000740260-26-000010Ventas, Inc. names American Tower Corp. in its own disclosed peer group (read from its most recent proxy). Filing ↗
75Section 10a, Motorola Solutions, Inc. reciprocityDEF 14A0001193125-26-139004Motorola Solutions, Inc.'s most recent proxy was read; its disclosed peer group does not include American Tower Corp.. Filing ↗
76Section 10a, Digital Realty Trust, Inc. reciprocityDEF 14A0001308179-26-000296Digital Realty Trust, Inc. names American Tower Corp. in its own disclosed peer group (read from its most recent proxy). Filing ↗
77Section 10a, BXP (fka Boston Properties, Inc.) reciprocityDEF 14A0001037540-26-000010BXP (fka Boston Properties, Inc.)'s most recent proxy was read; its disclosed peer group does not include American Tower Corp.. Filing ↗
78Section 10a, Booking Holdings Inc. reciprocityDEF 14A0001308179-26-000310Booking Holdings Inc.'s most recent proxy was read; its disclosed peer group does not include American Tower Corp.. Filing ↗
79Section 10a, SBA Communications Corporation reciprocityDEF 14A0001193125-26-149656SBA Communications Corporation names American Tower Corp. in its own disclosed peer group (read from its most recent proxy). Filing ↗
80Section 10a, Salesforce, Inc. reciprocityDEF 14A0001108524-26-000085Salesforce, Inc.'s most recent proxy was read; its disclosed peer group does not include American Tower Corp.. Filing ↗
81Section 10a, Prologis, Inc. reciprocityDEF 14A0001193125-26-115132Prologis, Inc. names American Tower Corp. in its own disclosed peer group (read from its most recent proxy). Filing ↗
82Section 10a, NextEra Energy, Inc. reciprocityDEF 14A0001104659-26-038551NextEra Energy, Inc.'s most recent proxy was read; its disclosed peer group does not include American Tower Corp.. Filing ↗
83Section 10a, Equinix, Inc. reciprocityDEF 14A0001101239-26-000073Equinix, Inc. names American Tower Corp. in its own disclosed peer group (read from its most recent proxy). Filing ↗