American Tower Corporation (AMT, Financial) has released a new report detailing updates to the compensation arrangements for its executive officers. On February 27, 2025, the Compensation Committee of the Board of Directors reviewed and set the base salaries and cash bonus incentive targets for the company's chief executive officer, chief financial officer, and three other top executives for the fiscal year ending December 31, 2025.
The committee's decisions are based on a comprehensive evaluation of various factors, including the achievement of pre-established company financial goals and individual objectives for each executive. Notably, the annual cash bonus incentives are subject to adjustment, potentially increasing up to 200% of the executive's bonus target if both company and individual performance exceed expectations.
Additionally, it was noted that Mr. Goel, one of the current named executive officers, will be departing the company effective March 31, 2025. He will receive a prorated salary and cash bonus for his service in 2025.
Further details on the compensation of the named executive officers will be disclosed in the company's 2025 Proxy Statement, which will be filed with the Securities and Exchange Commission.
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