Pamela D. A. Reeve
About Pamela D. A. Reeve
Pamela D. A. Reeve, age 75, is Independent Chairperson of American Tower’s Board, serving as a director since 2002, Lead Director from 2004–2020, and Chairperson since May 2020. She is a former President & CEO of Lightbridge, Inc. (1989–2004) and previously held executive roles at Boston Consulting Group for 11 years; she has extensive governance, strategic, and wireless/technology industry expertise .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Lightbridge, Inc. | President & CEO | Nov 1989–Aug 2004 | Led public wireless solutions company; operational and strategic leadership |
| Boston Consulting Group | Consultant/executive positions | ~1978–1989 (11 years before Lightbridge) | Strategy and operations experience |
| Sonus Networks, Inc. | Director | 2013–2017 | Public company board experience |
| Frontier Communications Corporation | Director | 2010–2021 | Telecom industry oversight |
External Roles
| Organization | Role | Tenure/Status | Notes |
|---|---|---|---|
| The Women’s Edge (formerly The Commonwealth Institute) | Chair of the Board | Current | Community advocacy for women and tech innovation |
| Boston Arts Academy Foundation | Board Member | Current | Philanthropic governance |
Board Governance
- Board leadership: Independent Chairperson since May 2020; duties include chairing Board meetings and independent executive sessions, approving agendas/materials, frequent engagement with CEO/senior management, co-leading the CEO annual performance review with the Compensation Chair, and being available to significant shareholders .
- Committee assignments: Current member of the Nominating & Corporate Governance Committee (11 meetings in 2024); prior service includes Compensation Committee (2004–2016; Chair 2004–2009) and Audit Committee (2002–2007); previously Lead Director (2004–2020) .
- Independence: The Board determined Ms. Reeve has no material relationship with AMT other than being a director/stockholder; 10 of 11 nominees are independent under NYSE rules .
- Attendance & engagement: In 2024, the Board held 4 regular and 6 special meetings; each Director attended at least 75% of Board and applicable committee meetings (except Mr. Ray, newly elected). Directors generally attend the annual meeting; 2024 attendance met expectations .
- Governance practices: Stockholder rights (proxy access: 3%/3 years/25% of Board; written consent; special meeting rights), anti-hedging and anti-pledging policy, clawback policy, double-trigger equity vesting on change of control for executives, no tax gross-ups, and over-boarding limits (≤4 public company boards, ≤2 if active CEO) .
Fixed Compensation
| Component | Amount | Detail |
|---|---|---|
| Annual cash retainer (non-management directors) | $100,000 | Standard director cash retainer |
| Additional annual payment to Chairperson | $125,000 | Chairperson premium paid to Ms. Reeve |
| Committee fees – Nominating (Member) | $10,000 | Member fee; Chair fee $10,000 |
| 2024 Fees Earned (Reeve) | $235,000 | Retainer + Chair premium + committee |
| Name | Fees Earned or Paid in Cash ($) | Stock Awards ($) | Total ($) |
|---|---|---|---|
| Pamela D. A. Reeve | $235,000 | $225,151 | $460,151 |
Performance Compensation
| Equity Type | Grant Date | Shares/Units | Grant Date Fair Value | Vesting |
|---|---|---|---|---|
| RSUs (annual director grant) | Mar 11, 2024 | 1,089 | $225,151 (1,089 × $206.75) | Fully vest and settle 1 year from grant date |
| Options (outstanding from prior grant) | Mar 10, 2015 | 4,971 | — | Options fully vested; exercise price $94.57 |
- No stock options were granted to directors in 2024; director equity is time-based RSUs with one-year vesting; no PSUs or performance metrics are used for director equity grants .
Other Directorships & Interlocks
| Company | Current/Past | Role | Notes |
|---|---|---|---|
| Public company boards | Current | None | “Other Public Company Boards: None” |
| Frontier Communications Corporation | Past (2010–2021) | Director | Telecom sector |
| Sonus Networks, Inc. | Past (2013–2017) | Director | Networking/telecom |
- Interlocks/conflicts: The Board determined Ms. Reeve has no material relationship with the Company beyond director/stockholder status; recusal and quantitative thresholds are applied for Directors with affiliations (not applicable to Reeve) .
Expertise & Qualifications
- Operational, strategic, corporate governance, and financial expertise, with deep communications/wireless/technology experience; extensive institutional knowledge from long Board tenure, Lead Director and Chair roles .
- Skills noted across Executive Leadership, Investment/Capital Allocation, Strategy, Wireless/REIT, Operational & Management, Finance/Accounting, International operations, Public company board, Risk management, Sustainability .
Equity Ownership
| Holder | Beneficial Shares | Percent of Common Stock | Notes |
|---|---|---|---|
| Pamela D. A. Reeve | 19,634 | * | Includes shares; “* Less than 1%” applies to directors |
| Unvested RSUs | Market Value (12/31/2024) | RSU Grant Date | Options Outstanding | Option Exercise Price | Option Grant Date |
|---|---|---|---|---|---|
| 1,089 | $199,733 | 3/11/2024 | 4,971 | $94.57 | 3/10/2015 |
- Stock ownership guidelines: Directors must hold 5× the annual cash retainer; unvested RSUs count toward compliance; as of March 17, 2025, each non-management Director met the target or was within the allowed timeframe. Hedging and pledging AMT stock are prohibited .
Insider Reporting Compliance
| Person | Section 16(a) Compliance (2024) | Note |
|---|---|---|
| Pamela D. A. Reeve | Compliant | Company reports full compliance for directors/executives in 2024, except one late Form 3 for an executive not related to Reeve |
Governance Assessment
- Strengths: Independent Chair with deep AMT and industry knowledge; robust committee experience; strong attendance; clear shareholder-rights framework; disciplined director compensation structure; stock ownership alignment; anti-hedging/pledging and clawback policies; independent compensation consultant; proactive investor outreach (added relative TSR to PSUs for executives in 2024) .
- Oversight of conflicts: Nominating Committee (of which Reeve is a member) reviews and approves related party transactions; example: 2024 review/ratification of tower lease payments with Ligado Networks (CFO’s familial relation disclosed), demonstrating process rigor .
- Independence: Board affirmed Reeve’s independence; no material relationships; recusal framework in place for directors with external affiliations; not applicable to Reeve .
- Attendance/engagement: At least 75% attendance at Board and committee meetings; independent executive sessions typically scheduled around regular meetings with Chair presiding, fostering candid oversight .
- RED FLAGS: None disclosed regarding pledging, hedging, tax gross-ups, repricing, loans, or related-party transactions involving Reeve. Potential watchpoint is long tenure (23 years), though AMT pairs tenure with periodic board refreshment and annual evaluations via independent consultant; Reeve’s leadership continuity is balanced with five new independent directors since 2021 and rotating committee chairs in 2024 .