What Is the American Tower CEO-to-Worker Pay Ratio?
American Tower's CEO-to-worker pay ratio is 114:1 — CEO Steven Vondran earned $8.0M in 2025, or 114 times the median American Tower employee's pay of $70,000. That is below the S&P 500 median of roughly 300:1.
This page answers a common executive-compensation question: What Is the American Tower CEO-to-Worker Pay Ratio?. The answer draws on SEC DEF 14A proxy statements, the public disclosure mechanism for U.S. public-company executive pay. Every public company must file an annual proxy statement disclosing CEO and named-executive-officer compensation in detail. Why this matters for shareholders: executive compensation is the single most-disclosed governance metric at U.S. public companies, and the Dodd-Frank-mandated say-on-pay vote gives shareholders an explicit channel to express approval or dissent. Reading pay data well — including pay-versus-performance, peer-group selection, and time-vesting structures — is a basic part of stock-by-stock fundamental analysis.
The detailed answer below uses the actual proxy-statement filings, explains how to read them, and translates the executive-compensation accounting into the shareholder-relevant interpretation.
American Tower Pay Ratio Breakdown
- CEO-to-worker ratio
- 114:1
- CEO total comp
- $8.0M
- Median worker pay
- $70,000
- S&P 500 median ratio
- ~300:1
- Employees
- 6,600
- Pay-Performance grade
- C
Source: American Tower SEC DEF 14A proxy statement (Dodd-Frank §953(b) pay-ratio disclosure). S&P 500 median is an industry benchmark.
Public companies have been required to disclose the ratio of CEO pay to median-employee pay in their proxy statements since 2018, under Section 953(b) of the Dodd-Frank Act. At American Tower, Steven Vondran's $8,000,000 total compensation works out to 114 times the $70,000 earned by the company's median employee — a Infrastructure REITs workforce of roughly 6,600 people.
For context, the typical S&P 500 CEO-to-worker pay ratio runs near 300:1, so American Tower's 114:1 figure is lower than the large-cap norm. The ratio is driven mostly by equity: Steven Vondran received $4,000,000 in stock awards and $960,000 in option awards in 2025, versus $800,000 in base salary. Median worker pay reflects total cash and benefits for the employee at the 50th percentile of the company's global workforce.
Whether a high ratio is "fair" is contested. Critics argue wide gaps signal misaligned incentives and weak labor bargaining power; defenders argue CEO pay is mostly performance-linked equity that only pays out if shareholders gain. American Tower's three-year total shareholder return of -11.3% and Pay-for-Performance grade of C (54/100) are the data points to weigh that against.
In the most recent say-on-pay vote, 85.4% of shareholders approved the executive compensation plan. Moderate shareholder support suggests some investor concern with pay practices.
Pay Ratio Inputs
| Component | Amount |
|---|---|
| Total Compensation | $8,000,000 |
| Base Salary | $800,000 |
| Stock Awards | $4,000,000 |
| Option Awards | $960,000 |
| Median Worker Pay | $70,000 |
| CEO-to-Worker Pay Ratio | 114:1 |
| Pay-Performance Grade | C |
Other Infrastructure REITs CEOs
Frequently Asked Questions
American Tower's CEO-to-worker pay ratio is 114:1. CEO Steven Vondran earns approximately 114 times the median worker's pay of $70,000, as disclosed in the company's SEC DEF 14A proxy statement.
The typical S&P 500 CEO-to-worker pay ratio is around 300:1. American Tower's 114:1 figure is below that benchmark.
The ratio is driven mainly by equity. Steven Vondran received $4,000,000 in stock awards and $960,000 in option awards in 2025, against base salary of $800,000. The median American Tower employee earns $70,000.
Steven Vondran, CEO of American Tower, earned $8.0M in total compensation in 2025, including $4.0M in stock awards and $800,000 in base salary.
Steven Vondran is the chief executive officer of American Tower (AMT).
Our Pay-for-Performance Score rates American Tower as C (54/100), based on three-year total shareholder return of -11.3%, revenue growth of -2.3%, and shareholder say-on-pay vote approval.
More about American Tower
American Tower's CEO-to-worker pay ratio is 114:1 — CEO Steven Vondran earned $8.0M in 2025, or 114 times the median American Tower employee's pay of $70,000. That is below the S&P 500 median of roughly 300:1.
Source: SEC EDGAR DEF 14A proxy statements, 2026.