Your Guide To American Tower’s ESPP: Everything You Need To Know

by Andy Kalmon

Nov 22, 2024

If you work at American Tower, you may be eligible to enroll in the employee stock purchase plan (ESPP). To help you make the most of this opportunity, we’ve put together a comprehensive guide to all the ins and outs of this program, from how it works to how you enroll.

If you’d like to learn more about how ESPPs work in general, be sure to read our blog about an overview of employee stock purchase plans.

Make More Money from your ESPP with Benny’s New Program

Benny 2.0 automatically manages your Employee Stock Purchase Plan (ESPP) to make you more money without disrupting your take-home pay.

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Here’s a quick rundown of how American Tower’s ESPP works.

  • You can buy American Tower stock at a 15% discount.

  • You can enroll twice a year:

    • May 15th

    • Nov 14th

  • You can contribute up to 15% of your salary with a maximum of $21,250 per year.

Should You Participate In American Tower’s ESPP?

When you enroll in American Tower’s ESPP, you have the opportunity to purchase shares of your company stock at a discounted price through automatic payroll deductions.

The benefits of participating in an ESPP are clear – you can make gains and build wealth. In fact, American Tower employees can gain $3,750 or even more annually through their ESPP.

American Tower’s ESPP Discount

American Tower offers employees an opportunity to buy American Tower stock at a 15% discount.

American Tower’s ESPP Enrollment Periods

You can enroll in American Tower’s ESPP twice a year, once in the spring and once in the fall. You can enroll by the following dates:

  • May 15th

  • Nov 14th

American Tower’s ESPP Contribution Limits

The first thing you need to do is decide how much you want to contribute. You can contribute up to 15% of your salary, with a limit of $21,250 per year.

American Tower’s ESPP Offering Period

The offering period is the time that employees can purchase the stock. American Tower’s employee stock purchase plan (ESPP) has two 6-month offering periods every year. 

When you’re participating in American Tower’s ESPP, you set aside money from each paycheck from the beginning of a purchase period through the end. At the end of this purchase period, the money that has been set aside is used to purchase company stock at a discount.

If you are interested in American Tower’s ESPP, here are some key dates to keep in mind. 

The offering periods are 

  • Jun 1st – Nov 30th

  • Dec 1st – May 31st

The stock purchase dates are the last trading day before the end of each period.

Selling Your ESPP Shares

Once American Tower purchases the shares on your behalf, they will be deposited into your brokerage account. From there, you can do what you want with them…sell immediately (as long as it’s during the open trading windows), hold for a short time, hold for an extended time, etc.

Make More Money from your ESPP with Benny’s New Program
Benny 2.0 automatically manages your Employee Stock Purchase Plan (ESPP) to make you more money without disrupting your take-home pay.

Learn More

© Rooted Lending Inc. dba Benny
The information provided on this website is intended for informational purposes only and does not represent an offer or solicitation to buy or sell any security. Further, the illustrative examples provided herein are not intended to guarantee future performance of any specific investment. Rooted Lending, Inc. does not provide financial advisory services and all prospective clients are encouraged to consult with their independent financial adviser before deciding whether ESPP participation is right for them.

All product and company names are trademarks ™ or registered ® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

© Rooted Lending Inc. dba Benny
The information provided on this website is intended for informational purposes only and does not represent an offer or solicitation to buy or sell any security. Further, the illustrative examples provided herein are not intended to guarantee future performance of any specific investment. Rooted Lending, Inc. does not provide financial advisory services and all prospective clients are encouraged to consult with their independent financial adviser before deciding whether ESPP participation is right for them.

All product and company names are trademarks ™ or registered ® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

© Rooted Lending Inc. dba Benny
The information provided on this website is intended for informational purposes only and does not represent an offer or solicitation to buy or sell any security. Further, the illustrative examples provided herein are not intended to guarantee future performance of any specific investment. Rooted Lending, Inc. does not provide financial advisory services and all prospective clients are encouraged to consult with their independent financial adviser before deciding whether ESPP participation is right for them.

All product and company names are trademarks ™ or registered ® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.