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American Tower Executive Compensation (FY25)

AMT · Boston, MA · Executive and director compensation, fiscal 2022 to 2025
Data as of September 7, 2026Latest filing (8-K): May 21, 2026
289 figures on this page: 279 cited to the filing that reported them, 10 calculated from figures it prints. See the citations
Total compensation for Steven Vondran, President and CEO, came to $14,854,505 in fiscal 2025, and Vondran's total moved 10.6% higher from the $13,426,944 reported for fiscal 2024. The disclosed chief executive pay ratio for fiscal 2025 is 164:1, against median employee compensation of $90,534. 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. 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.
Chief executive, fiscal 2025
◇
Steven Vondran
Latest say-on-pay support
=
May 20, 2026
Chief executive pay ratio
◇
To the median employee
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
◇—◇—◇—◇◇
Ruth Dowling
Executive Vice President Chief Administrative Officer General Counsel and Secretary
———————— not reported
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Thomas Bartlett
Former President and CEO
Departed during or after this year
◇—◇—◇—◇◇
Olivier Puech
Executive Vice President and President, Latin America and EMEA
◇—◇—◇—◇◇
Steven Vondran
President and CEO
◇—◇—◇—◇◇
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
———————— 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. NoelPSU◇◇◇—◇—◇
Eugene M. NoelRSU◇——◇——◇
Olivier PuechRSU◇——◇——◇
Olivier PuechPSU◇◇◇—◇—◇
Rodney M. SmithRSU◇——◇——◇
Rodney M. SmithPSU◇◇◇—◇—◇
Ruth T. DowlingRSU◇——◇——◇
Ruth T. DowlingPSU◇◇◇—◇—◇
Steven O. VondranRSU◇——◇——◇
Steven O. VondranPSU◇◇◇—◇—◇
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.

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◇
Total board retainer◇
Board chair premium◇
Audit committee member◇
Compensation committee chair◇
Compensation committee 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
◇
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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 — $1,200
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.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
289 figures on this page: 279 cited to the filing that reported them, 10 calculated from figures it prints.
279 cited to the filing
10 calculated from the filing

Documents cited

  1. 0001053507-26-000116
    Item 5.07 Submission of Matters to a Vote of Security Holders
  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
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001053507-25-000092
    SUMMARY COMPENSATION TABLE
  5. 0001053507-24-000095
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001053507-24-000075
    SUMMARY COMPENSATION TABLE
  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).
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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.Broadcom Inc.BXP (fka Boston Properties, Inc.)Crown Castle Inc.Digital Realty Trust, Inc.Equinix, Inc.Equity ResidentialFidelity National Information Services, Inc.Intuit 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
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}
}
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