V
Velarion™Intelligence
Sign InFree TrialBook a Walkthrough
Real Estate

American Tower Executive Compensation (FY25)

AMT · Boston, MA · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Steven Vondran
Latest say-on-pay support
=
May 20, 2026
Chief executive pay ratio
◇
To the median employee
Velarion Member: every covered company in Real Estate, with dashboards, peer screens and board-ready briefs. Three seats, one year.

The American Tower brief, $1,500

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $499 for the board report; $2,400 for both.
Get the executive briefGet the board briefNo account needed.
Data as of October 18, 2026Latest filing (8-K): May 21, 2026
14 filings cited on this page
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
American Tower brief$1,500Get the executive brief
Velarion Member, one year
307 figures on this page: 297 cited to the filing that reported them, 10 calculated from figures it prints. See the citations
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Steven Vondran: $13,426,944 → $14,854,505 (10.6% higher)
Say-on-pay support: 94.5% → 94.0% (0.5 points lower)
CEO pay ratio: 157:1 → 164:1 (4.5% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is American Tower's chief executive and what were they paid?
Total compensation for Steven Vondran, President and CEO, came to $14,854,505 in fiscal 2025. Vondran's total moved 10.6% higher from the $13,426,944 reported for fiscal 2024.
What was American Tower's say-on-pay result?
Shareholders supported the say-on-pay proposal with 94.0% of votes cast for or against in favor at the meeting held May 20, 2026 for fiscal 2025.
Which companies are in American Tower's peer group?
Companies named in the disclosed peer group include Adobe Inc., Booking Holdings Inc., Broadcom Inc., BXP (fka Boston Properties, Inc.) and Crown Castle Inc., among others.
What is American Tower's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 164:1, against median employee compensation of $90,534.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Thomas Bartlett
Former President and CEO
Departed during or after this year
◇—◇—◇—◇◇
Steven Vondran
President and CEO
◇—◇—◇—◇◇
Olivier Puech
Executive Vice President and President, Latin America and EMEA
◇—◇—◇—◇◇
Rodney Smith
Executive Vice President Chief Financial Officer and Treasurer
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Thomas Bartlett
President and Chief Executive Officer
Departed during or after this year
◇—◇—◇—◇◇
Olivier Puech
Executive Vice President and President, Latin America and EMEA
◇—◇—◇—◇◇
Steven Vondran
Executive Vice President and Global Chief Operating Officer
◇—◇—◇—◇◇
Rodney Smith
Executive Vice President, Chief Financial Officer and Treasurer
◇—◇—◇—◇◇
Sanjay Goel
Executive Vice President and President, Asia-Pacific
Departed during or after this year
◇—◇—◇—◇◇
Ruth Dowling
Executive Vice President Chief Administrative Officer General Counsel and Secretary
———————— not reported
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Steven Vondran
President and CEO
◇—◇—◇—◇◇
Olivier Puech
Executive Vice President and President, Latin America and EMEA
◇—◇—◇—◇◇
Rodney Smith
Executive Vice President Chief Financial Officer and Treasurer
◇—◇—◇—◇◇
Sanjay Goel
EVP & President, Asia-Pacific
Departed during or after this year
◇—◇—◇—◇◇
Ruth Dowling
Executive Vice President Chief Administrative Officer General Counsel and Secretary
◇—◇—◇—◇◇
Thomas Bartlett
Former President and CEO
Departed during or after this year
◇———◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Steven Vondran
President and CEO
◇—◇—◇—◇◇
Olivier Puech
Executive Vice President and President, International
◇—◇—◇—◇◇
Rodney Smith
Executive Vice President, Chief Financial Officer and Treasurer
◇—◇—◇—◇◇
Ruth Dowling
Executive Vice President, Chief Administrative Officer, General Counsel and Secretary
◇—◇—◇—◇◇
Eugene Noel
Executive Vice President and Chief Operating Officer
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Eugene M. NoelRSU◇——◇——◇
Eugene M. NoelPSU◇◇◇—◇—◇
Olivier PuechRSU◇——◇——◇
Olivier PuechPSU◇◇◇—◇—◇
Rodney M. SmithPSU◇◇◇—◇—◇
Rodney M. SmithRSU◇——◇——◇
Ruth T. DowlingPSU◇◇◇—◇—◇
Ruth T. DowlingRSU◇——◇——◇
Steven O. VondranPSU◇◇◇—◇—◇
Steven O. VondranRSU◇——◇——◇
Fiscal 2022, 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Olivier PuechRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Rodney SmithRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Ruth DowlingRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Steven VondranRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Eugene NoelRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Olivier Puech
Executive Vice President and President, International · Severance agreement · citing a 2025 filing
Severance multiple◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Excise tax treatment◇
Clawback◇
Rodney Smith
Executive Vice President, Chief Financial Officer and Treasurer · Severance agreement · citing a 2025 filing
Severance multiple◇
Severance base◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Excise tax treatment◇
Clawback◇
Steven Vondran
President and CEO · Severance agreement · citing a 2025 filing
Benefits continuation on change in control◇
Benefits continuation◇
Excise tax treatment◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Pamela D. A. Reeve
Board chair
◇◇————◇
Kenneth R. Frank
◇◇————◇
Bruce L. Tanner
◇◇————◇
Grace D. Lieblein
◇◇————◇
Kelly C. Chambliss
◇◇————◇
Craig Macnab
◇◇————◇
Teresa H. Clarke
◇◇————◇
Robert D. Hormats
◇◇————◇
Rajesh Kalathur
◇◇————◇
Neville R. Ray
◇◇————◇
Eugene F. Reilly
◇—————◇
Steven Vondran and JoAnn A. Reed served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Board chair premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Equity is delivered as restricted stock units.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Adobe Inc. ADBE
  • Booking Holdings Inc. BKNG
  • Broadcom Inc. AVGO
  • BXP (fka Boston Properties, Inc.) BXP
  • Crown Castle Inc. CCI
  • Digital Realty Trust, Inc. DLR
  • Equinix, Inc. EQIX
  • Equity Residential EQR
  • Fidelity National Information Services, Inc. FIS
  • Intuit Inc. INTU
  • L3Harris Technologies, Inc. LHX
  • Mastercard Incorporated MA
  • Motorola Solutions, Inc. MSI
  • NextEra Energy, Inc. NEE
  • Prologis, Inc. PLD
  • Public Storage PSA
  • Salesforce, Inc. CRM
  • SBA Communications Corporation SBAC
  • Simon Property Group, Inc. SPG
  • Texas Instruments Incorporated TXN
  • Ventas, Inc. VTR
  • Welltower Inc. WELL

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 20, 2026=◇◇◇
2024May 14, 2025=◇◇◇
2023May 22, 2024=◇◇◇
2022May 24, 2023=◇◇◇
2021May 18, 2022=◇◇◇
2020May 26, 2021=◇◇◇
2019May 18, 2020=◇◇◇
2018May 21, 2019=◇◇◇
2017May 23, 2018=◇◇◇
2016May 31, 2017=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

Velarion Pro: every company page, peer tools and exports, one seat

One seat, one person. It opens the whole platform: the peer tools, the written analysis and the exports, on every company we cover. Join the list and you will hear from us when it opens.
Your address is used for this and nothing else, and you can unsubscribe in one click. See the privacy policy.

Ask our research desk — $99, 24h, every figure cited to its filing.

Sample answer — “What is the CEO’s total compensation?”
- Steven Vondran (President and CEO), FY2025 total compensation $14,854,505 (base salary $1,000,000) [exec_comp, SEC accession 0001053507-26-000088, filed 2026-04-08]

Answered within 24 hours, every figure cited to its SEC filing. If our database cannot answer your question, you are refunded automatically.

Email me this page as a cited PDF — sent in 2 minutes
The same figures, the same citations, formatted to hand to a committee. Nothing is added that is not on this page.
Your address is used for this and nothing else. Unsubscribe in one click.
Tell me when American Tower files
You get a note when this company’s compensation data changes.
Your address is used for this and nothing else. Unsubscribe in one click.

What this page does not include

Everything above is a fact American Tower disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where American Tower sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $499
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
Inquire about access
Multiple companies at once
Cross-company views, cohort screens, and data export across the industries we cover. This page is one company; the platform is all of them.
Velarion Intelligence
Join the list for Peer Group Review
Whether American Tower's disclosed peer group is defensible, who names American Tower back in their own benchmarking group, and how pay tracks performance across it. This is the analysis a compensation consultant delivers on the group above. We will email you when it opens.
Your address is used for this and nothing else. Unsubscribe in one click.

Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
307 figures on this page: 297 cited to the filing that reported them, 10 calculated from figures it prints.
297 cited to the filing
10 calculated from the filing

Documents cited

  1. 0001053507-26-000116
    Proposal 4: Approval of American Tower Corporation 2026 Equity Incentive Plan” in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on April 8, 2026 (the “Prox
  2. 0001053507-26-000088
    CEO Pay Ratio · COMPENSATION AND OTHER INFORMATION CONCERNING DIRECTORS AND OFFICERS · Director Compensation Element · Director Compensation for 2025 · and 3 more sections
  3. 0001053507-25-000105
  4. 0001053507-25-000092
    Compensation Discussion and Analysis · SUMMARY COMPENSATION TABLE
  5. 0001053507-24-000095
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001053507-24-000075
    Executive Compensation Tables
  7. 0001053507-23-000128
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001053507-23-000107
    SUMMARY COMPENSATION TABLE
  9. 0001053507-22-000078
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001053507-21-000107
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001053507-20-000102
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0001053507-19-000081
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0001053507-18-000032
  14. 0001053507-17-000036
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “American Tower executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/AMT (accessed 2026).
Short form: data: Velarion

The American Tower brief, $1,500

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $499 for the board report; $2,400 for both.
Get the executive briefGet the board briefNo account needed.
14 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
Embed this data
A small, cited view of this data for your own page or newsletter. Every embed carries a visible link back here, so the attribution travels with it.
The headline figures, each with its citation.
Connect an AI assistant
Ask your own assistant about American Tower and roughly 3,000 other US public companies, and get back the same figures on this page with the same citations. Free read access, no account. Add this to your assistant's connector settings.
Setup guide and the full list of questions it answers

Real Estate rankings

Chief executive pay — Real EstateCEO pay ratio — Real EstateSay-on-pay support — Real Estate

Peers American Tower discloses

The companies named in AMT's own disclosed peer group.

Adobe Inc.Booking Holdings Inc.Broadcom Inc.BXP (fka Boston Properties, Inc.)Crown Castle Inc.Digital Realty Trust, Inc.Equinix, Inc.Equity ResidentialFidelity National Information Services, Inc.Intuit Inc.L3Harris Technologies, Inc.Mastercard IncorporatedMotorola Solutions, Inc.NextEra Energy, Inc.Prologis, Inc.Public StorageSalesforce, Inc.SBA Communications CorporationSimon Property Group, Inc.Texas Instruments IncorporatedVentas, Inc.Welltower Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
For informational purposes only. Not investment, legal, or compensation advice.  All companies · The Pay Desk · Methodology · Terms · Privacy