Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-17

ATN International (ATNI)

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.

$3,035,458
Brad Martin total, FY2025
25th
CEO pay percentile vs peers
55:1
CEO-to-median pay ratio
95.5%
Say-on-pay support, latest vote
Companies that benchmark against ATNI
3 companies name ATNI as a compensation peer

Each company listed discloses ATNI 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 ATNI 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
Brad Martin$545,192$0$1,930,777$0$546,000$0$13,489$3,035,458
Former Chief Executive Officer and President
Michael Prior545,19201,930,77700057,6152,533,584
Executive Chairman
Carlos Doglioli415,38501,094,1310312,000014,0001,835,516
Chief Financial Officer
Mary Mabey357,2520901,0170186,000012,8561,457,125
Senior Vice President, General Counsel and Secretary

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
Brad Martin$3,035,458$2,204,737$1,621,968+830,721
Michael Prior2,533,5842,049,1423,581,891+484,442
Carlos Doglioli1,835,5161,424,043+411,473
Mary Mabey1,457,1251,142,1561,080,029+314,969

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

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Brad MartinPSU2025-04-0742,47263,708$1,032,494
Brad MartinRSU2025-04-0742,472898,283
Justin M. LeonRSU2025-04-0716,988359,296
Carlos DoglioliPSU2025-04-0724,06836,102585,093
Carlos DoglioliRSU2025-04-0724,068509,038
Mary MabeyRSU2025-04-0719,820419,193
Mary MabeyPSU2025-04-0719,82029,730481,824
Justin M. LeonPSU2025-04-0716,98825,482412,978
Michael PriorRSU2025-04-0742,472898,283
Michael PriorPSU2025-04-0742,47263,7081,032,494
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Brad Martin$898,283$1,032,494$053.5%
Justin M. Leon359,296412,978053.5%
Carlos Doglioli509,038585,093053.5%
Mary Mabey419,193481,824053.5%
Michael Prior898,2831,032,494053.5%

% 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
Michael PriorPSU32,580$597,843
Carlos DoglioliPSU36,102974,393
LeonPSU13,038239,247
Michael PriorRSU42,472968,362
LeonRSU2,75062,700
Carlos DoglioliRSU9,234210,535
Brad MartinRSU5,500125,400
Brad MartinPSU63,7081,719,479
Carlos DoglioliRSU24,068548,750
Brad MartinRSU16,290371,412
Mary MabeyPSU29,730802,413
Michael PriorRSU16,290371,412
Brad MartinRSU42,472968,362
Michael PriorRSU5,362122,254
Michael PriorPSU37,500405,375
Mary MabeyRSU19,820451,896
LeonRSU1,42532,490
Michael PriorRSU12,500285,000
Michael PriorPSU63,7081,719,479
Brad MartinPSU16,500178,365
LeonPSU25,482687,759
Carlos DoglioliPSU18,468338,888
Brad MartinPSU32,580597,843
Mary MabeyPSU15,210279,104
LeonRSU16,988387,326
Mary MabeyRSU7,605173,394
LeonRSU6,519148,633
Brad MartinRSU2,67560,990
Mary MabeyPSU9,900107,019
LeonPSU8,25089,183
Mary MabeyRSU3,30075,240
Mary MabeyRSU1,97545,030
05

Incentive-plan design — the Compensation Discussion & Analysis

The primary objective of our executive compensation program is to attract, retain and reward executive officers and align our executive officers' compensation with the Company's stock price and general financial performance and certain other business objectives. A core principle is that a successful compensation program requires the application of judgment and subjective determinations of performance, with the Compensation Committee linking executive compensation to Company performance through financial and operational goals.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantCompensia
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-1611,499,717538,2094,05695.5%Passed
20252025-06-1711,226,570516,8624,77095.56%Passed
20242024-06-1811,769,4281,284,03432,00889.94%Passed
20232023-06-0612,348,6891,260,1107,78090.69%Passed
20202020-09-1513,400,989308,13610,24797.68%Passed
20172017-06-1514,424,453336,3752,83897.7%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
20262026-06-1695.5%a
20252025-06-1795.56%b
20242024-06-1889.94%c

a. Approved under the standard stated in the filing — “Abstentions will be considered to be votes present and entitled to vote on this proposal and, therefore, they will have the effect of a vote against this proposal.”.

b. Approved under the standard stated in the filing — “Abstentions will be considered to be votes present and entitled to vote on this proposal and, therefore, they will have the effect of a vote against this proposal.”.

c. Approved under the standard stated in the filing — “Abstentions will be considered to be votes present and entitled to vote on this proposal and, therefore, they will have the effect of a vote against this proposal.”.

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)55 : 1
CEO total compensation
Median employee compensation$55,308
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Bernard J. BulkinIndependent · Lead Independent Director · Audit · Nominating and Corporate Governance$139,000$132,590$271,590
Pamela F. LenehanIndependent · Audit (Chair) · Nominating and Corporate Governance107,000132,590239,590
Patricia A. JacobsIndependent · Nominating and Corporate Governance (Chair) · Compensation77,500132,590210,090
Derek G. HudsonIndependent · Audit · Compensation67,500132,590200,090
April V. HenryIndependent · Compensation (Chair)65,000132,590197,590
Michael T. PriorEmployee director · Board Chair0
Naji N. KhouryEmployee director · Newly elected0
09

Board fee structure and ownership guideline

Annual cash retainer$180,000
Annual equity retainer$130,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)23,000 / 10,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$456,000
Equity awards (grant-date value)$662,950
All other compensation$0
Total cost of the board$1,118,950

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 ATN International 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 ATN International.

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
1Cogent Communications2025Dave Schaeffer$0$24,836,176$0$530,243$25,372,519
2Ribbon Communications2025Bruce McClelland750,00016,370,8200225,18817,457,675
3Bandwidth Inc.2025David Morken531,9706,986,470007,558,096
4ATN International2025Brad Martin545,1921,930,7770546,0003,035,458
5Consensus Cloud Solutions2025Scott Turicchi750,000001,012,1901,800,548
GCI Libertynot in coverage universe
KORE Groupnot in coverage universe

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
ATN Internationalnot disclosedRSU 50 · PSU 50not disclosedCompensia
Bandwidth Inc.103.6%RSU 100not disclosedMeridian
Cogent Communications106%not disclosedNoCompensia
Consensus Cloud Solutions122.69%not disclosedNoFrederic W. Cook & Co., Inc.
GCI Libertynot disclosednot disclosednot disclosednot disclosed
KORE Groupnot disclosednot disclosednot disclosednot disclosed
Ribbon Communications30%PSU 50 · RSU 50Yes — Relative TSRFW Cook

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.

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, Brad MartinDEF 14A2026-04-290001104659-26-050554Section “2025 Summary Compensation Table”. As printed: 3,035,458. Filing ↗machine: r1 · c35 · span 514880–514889
2Section 01, Michael PriorDEF 14A2026-04-290001104659-26-050554Section “2025 Summary Compensation Table”. As printed: 2,533,584. Filing ↗machine: r6 · c35 · span 532815–532824
3Section 01, Carlos DoglioliDEF 14A2026-04-290001104659-26-050554Section “2025 Summary Compensation Table”. As printed: 1,835,516. Filing ↗machine: r4 · c35 · span 525501–525510
4Section 01, Mary MabeyDEF 14A2026-04-290001104659-26-050554Section “2025 Summary Compensation Table”. As printed: 1,457,125. Filing ↗machine: r9 · c35 · span 543495–543504
5Section 03, Brad Martin PSUDEF 14A2026-04-290001104659-26-050554Section “Grants of Plan Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: span 601855–601864
6Section 03, Brad Martin RSUDEF 14A2026-04-290001104659-26-050554Section “Grants of Plan Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: span 598106–598113
7Section 03, Justin M. Leon RSUDEF 14A2026-04-290001104659-26-050554Section “Grants of Plan Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: span 645174–645181
8Section 03, Carlos Doglioli PSUDEF 14A2026-04-290001104659-26-050554Section “Grants of Plan Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: span 613595–613602
9Section 03, Carlos Doglioli RSUDEF 14A2026-04-290001104659-26-050554Section “Grants of Plan Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: span 609858–609865
10Section 03, Mary Mabey RSUDEF 14A2026-04-290001104659-26-050554Section “Grants of Plan Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: span 633404–633411
11Section 03, Mary Mabey PSUDEF 14A2026-04-290001104659-26-050554Section “Grants of Plan Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: span 637141–637148
12Section 03, Justin M. Leon PSUDEF 14A2026-04-290001104659-26-050554Section “Grants of Plan Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: span 648909–648916
13Section 03, Michael Prior RSUDEF 14A2026-04-290001104659-26-050554Section “Grants of Plan Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: span 621644–621651
14Section 03, Michael Prior PSUDEF 14A2026-04-290001104659-26-050554Section “Grants of Plan Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: span 625406–625415
15Section 07, pay ratioDEF 14A2026-04-290001104659-26-050554Section “CEO Pay Ratio”. As printed: 55 : 1. Filing ↗
16Section 08, Bernard J. BulkinDEF 14A2026-04-290001104659-26-050554Section “Director Compensation”. As printed: 271,590. Filing ↗machine: span 973651–973658
17Section 08, Pamela F. LenehanDEF 14A2026-04-290001104659-26-050554Section “Director Compensation”. As printed: 239,590. Filing ↗machine: span 979939–979946
18Section 08, Patricia A. JacobsDEF 14A2026-04-290001104659-26-050554Section “Director Compensation”. As printed: 210,090. Filing ↗machine: span 982054–982061
19Section 08, Derek G. HudsonDEF 14A2026-04-290001104659-26-050554Section “Director Compensation”. As printed: 200,090. Filing ↗machine: span 975738–975745
20Section 08, April V. HenryDEF 14A2026-04-290001104659-26-050554Section “Director Compensation”. As printed: 197,590. Filing ↗machine: span 977849–977856
21Section 08, Michael T. PriorDEF 14A2026-04-290001104659-26-050554Section “Director Compensation”. As printed: 0. Filing ↗
22Section 08, Naji N. KhouryDEF 14A2026-04-290001104659-26-050554Section “Director Compensation”. As printed: 0. Filing ↗
23Section 06, 2026 voteForm 8-K2026-06-170001104659-26-075050Item 5.07 · say-on-pay result. As reported: 95.5% (votes for as printed: 11,499,717). Filing ↗
24Section 06, 2025 voteForm 8-K2025-06-200001104659-25-061134Item 5.07 · say-on-pay result. As reported: 95.56% (votes for as printed: 11,226,570). Filing ↗
25Section 06, 2024 voteForm 8-K2024-06-240001104659-24-074207Item 5.07 · say-on-pay result. As reported: 89.94% (votes for as printed: 11,769,428). Filing ↗
26Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
27Section 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
28Section 09b board cost (computed)ComputedcomputedCash 456,000 + equity 662,950 + all other 0 = 1,118,950, summed across the director compensation table rows.machine: formula: Σ = 1,118,950
29Cogent Communications, Section 10b CEO totalDEF 14A2026-03-200001104659-26-032744CEO total compensation as printed in Cogent Communications's own proxy. As printed: 25,372,519. Filing ↗machine: t9 · r1 · c50 · span 637789–637799
30Ribbon Communications, Section 10b CEO totalDEF 14A2026-04-170001104659-26-044643CEO total compensation as printed in Ribbon Communications's own proxy. As printed: 17,457,675. Filing ↗machine: t160 · r1 · c42 · span 1626864–1626874
31Bandwidth Inc., Section 10b CEO totalDEF 14A2026-04-140001514416-26-000027CEO total compensation as printed in Bandwidth Inc.'s own proxy. As printed: 7,558,096. Filing ↗machine: r2 · c42 · span 519644–519653
32ATN International (subject), Section 10b CEO totalDEF 14A2026-04-290001104659-26-050554CEO total compensation as printed in ATN International's own proxy. As printed: 3,035,458. Filing ↗machine: r1 · c35 · span 514880–514889
33Consensus Cloud Solutions, Section 10b CEO totalDEF 14A2026-04-240001140361-26-016729CEO total compensation as printed in Consensus Cloud Solutions's own proxy. As printed: 1,800,548. Filing ↗machine: r2 · c19 · span 496972–496981
34Section 10a, Bandwidth Inc. reciprocityDEF 14A0001514416-26-000027Bandwidth Inc.'s most recent proxy was read; its disclosed peer group does not include ATN International. Filing ↗
35Section 10a, Cogent Communications reciprocityDEF 14A0001104659-26-032744Cogent Communications's most recent proxy was read; its disclosed peer group does not include ATN International. Filing ↗
36Section 10a, Ribbon Communications reciprocityDEF 14A0001104659-26-044643Ribbon Communications's most recent proxy was read; its disclosed peer group does not include ATN International. Filing ↗
37Section 10a, Consensus Cloud Solutions reciprocityDEF 14A0001140361-26-016729Consensus Cloud Solutions's most recent proxy was read; its disclosed peer group does not include ATN International. Filing ↗