EVP Puech sells 18,989 AMT shares at $230.00 for $4.4M, reducing holdings by 45.5% near 52-week highs
Puech Olivier, EVP & President of LatAm & EMEA, sold 18,989 shares (19.0K shares) of American Tower at $230.00 on 2024-09-03, representing a 45.5% reduction from his pre-transaction holdings of 41,758 shares (41.8K shares). The sale occurred near the company's 52-week high of $234.64, with the stock trading -0.4% from that peak at the time of execution. The timing of this large portfolio reduction comes within one week of two additional AMT sales on 2024-08-26, suggesting an active selling pattern. While his cross-ticker track record shows an average 30-day return of -3.6% following prior sales, his AMT-specific prior sells on 2024-08-02 posted -4.0% and -2.2% 30-day returns—a modest signal that his recent sales may have preceded near-term price weakness.