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SBA COMMUNICATIONS CORP
SBAC
Total Value
$1.4M
Company Information
- Company Name
- SBA COMMUNICATIONS CORP
- Ticker Symbol
- SBAC
- CIK
- 0001034054
Insider Information
- Role
- Insider
- Location
- BOCA RATON, FL
Filing Details
- Filing Date
- Mar 9, 2026
- Transaction Date
- Mar 5, 2026
- Accession Number
- 0001293293-26-000004
- Form Type
- 4
Non-Derivative Transactions
| Date | Security | Shares | Price | Type | Value |
|---|---|---|---|---|---|
| Mar 6, 2026 | Class A Common Stock | 1,445 | — | Exercise | — |
| Mar 6, 2026 | Class A Common Stock | 568.607 | $195.69 | Tax Withholding | $111.3K |
| Mar 6, 2026 | Class A Common Stock | 8,670 | — | Exercise | — |
| Mar 6, 2026 | Class A Common Stock | 3,144.765 | $195.69 | Tax Withholding | $615.4K |
| Mar 6, 2026 | Class A Common Stock | 3,966 | — | Exercise | — |
| Mar 6, 2026 | Class A Common Stock | 1,560.62 | $195.69 | Tax Withholding | $305.4K |
| Mar 6, 2026 | Class A Common Stock | 5,003 | — | Exercise | — |
| Mar 6, 2026 | Class A Common Stock | 1,968.68 | $195.69 | Tax Withholding | $385.3K |
Derivative Transactions
| Date | Security | Shares | Exercise Price | Type | Value |
|---|---|---|---|---|---|
| Mar 6, 2026 | Derivative | 1,445 | — | Exercise | — |
| Mar 6, 2026 | Derivative | 4,335 | — | Exercise | — |
| Mar 6, 2026 | Derivative | 4,335 | — | Disposition | — |
| Mar 6, 2026 | Derivative | 3,966 | — | Exercise | — |
| Mar 6, 2026 | Derivative | 5,003 | — | Exercise | — |
| Mar 5, 2026 | Derivative | 16,859 | — | Grant/Award | — |
| Mar 5, 2026 | Derivative | 25,289 | — | Grant/Award | — |
Footnotes
- (F1)Shares withheld for payment of tax liability.
- (F2)As previously reported on a Form 4, the Reporting Person was awarded 4,335 performance restricted stock units (PSUs) on March 6, 2023 which were subject to increase or decrease based on the results of the performance condition. On March 6, 2026, these PSUs vested at 200% of target based on the results of the performance condition, such that 8,670 shares of Class A Common Stock became issuable to the Reporting Person.
- (F3)These shares are owned by Cavanagh Investments, LLC. The Reporting Person is the manager of Cavanagh Investments, LLC and a trust for the benefit of the Reporting Person's spouse owns all of the equity interests in Cavanagh Investments, LLC. The Reporting Person disclaims beneficial ownership of the shares owned by Cavanagh Investments, LLC, except to the extent of his pecuniary interest therein.
- (F4)These shares are owned by Eagle SC LLC. The Reporting Person's spouse is the manager of Eagle SC LLC and a trust for the benefit of the Reporting Person owns 95.646% of Eagle SC LLC, and the Reporting Person is the trustee of the trust.
- (F5)Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
- (F6)These restricted stock units units vest in accordance with the following schedule: 1,445 vested on the first through third anniversaries of the grant date (March 6, 2023).
- (F7)Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
- (F8)These performance restricted stock units have a three-year performance period and to the extent earned vest on March 6, 2026. The number of shares of Class A Common Stock that will be earned is subject to increase or decrease based on the results of the performance condition.
- (F9)The PSUs previously reported as acquired by the reporting person were forfeited because the minimum performance criteria required for vesting was not met.
- (F10)These performance restricted stock units have a three-year performance period and to the extent earned vest on March 6, 2026. The number of shares of Class A Common Stock that will be earned is subject to increase or decrease based on the results of the performance condition.
- (F11)These restricted stock units vest in accordance with the following schedule: 3,966 vested on the first and second anniversaries and 3,966 vest on the third anniversary of the grant date (March 6, 2024).
- (F12)These performance restricted stock units will be earned based upon the Issuer's performance on each of three different financial metrics during the three-year performance period. Once earned, the performance restricted stock units will vest on March 6, 2027. The number of shares of Class A Common Stock that will be earned is subject to decrease or increase (up to 200%) based on the results of the performance conditions.
- (F13)These restricted stock units vest in accordance with the following schedule: 5,003 vested on the first anniversary of the grant date and 5,004 vest on the second and third anniversaries of the grant dare (March 6, 2025).
- (F14)These performance restricted stock units will be earned based upon the Issuer's performance on each of three different financial metrics during the three-year performance period. Once earned, the performance restricted stock units will vest on March 6, 2028. The number of shares of Class A Common Stock that will be earned is subject to decrease or increase (up to 200%) based on the results of the performance conditions.
- (F15)These restricted stock units vests in accordance with the following schedule: 5,619 vest on the first anniversary and 5,620 vest on the second through third anniversaries of the grant date (March 5, 2026).
- (F16)These performance restricted stock units will be earned based upon the Issuer's performance on each of three different financial metrics during the three-year performance period. Once earned, the performance restricted stock units will vest on March 5, 2029. The number of shares of Class A Common Stock that will be earned is subject to decrease or increase (up to 200%) based on the results of the performance conditions.