Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(e) OnFebruary 24, 2023 , the Compensation Committee (the "Compensation Committee") of the Board of Directors ofAmerican Tower Corporation (the "Company") considered the compensation arrangements with the Company's executive officers. The information in the table below sets forth the determinations of the Compensation Committee with respect to base salaries and cash bonus incentive targets for the year endingDecember 31, 2023 for the Company's chief executive officer, chief financial officer and the three other most highly compensated executive officers who were serving as executive officers onDecember 31, 2022 (collectively, the "Current Named Executive Officers").Name and Title 2023 Base Salary
2023 Target Cash Bonus Potential
(% of Base Salary / $) Thomas A. Bartlett, President and Chief $ 1,100,000 200% /$2,200,000 Executive Officer Rodney M. Smith, Executive Vice President, $ 640,000 125% /$800,000 Chief Financial Officer and Treasurer Edmund DiSanto, Executive Vice President, $ 669,997 0% /$0 Special Advisor and Counsel to the Chief Executive Officer (1) Olivier Puech, Executive Vice President and $ 640,341 125% /$800,426 President,Latin America and EMEA Steven O. Vondran, Executive Vice President $ 640,341 125% /$800,426
and President,
_______________
(1) As previously announced,Mr. DiSanto stepped down from his position as Executive Vice President, Chief Administrative Officer, General Counsel and Secretary, effectiveJanuary 1, 2023 . Amounts shown above reflectMr. DiSanto's current role as Executive Vice President, Special Advisor and Counsel to the Chief Executive Officer. In determining annual cash bonus incentive payments for the Company's Current Named Executive Officers at the end of the year, the Compensation Committee bases its decisions on a number of factors, including achievement of pre-established Company financial goals and individual goals and objectives for each of the Current Named Executive Officers. If the Company exceeds its goals or the executive exceeds his established goals, the annual cash bonus incentive could be subject to increase by the Compensation Committee, up to a maximum of 200% of the executive's bonus target. Additional information regarding compensation of the Current Named Executive Officers will be included in the Company's 2023 Proxy Statement when filed with theSecurities and Exchange Commission .
--------------------------------------------------------------------------------
© Edgar Online, source