Form 4 for SBAC SBA Communications
Accepted 2026-03-09 00:00:00 ET · period of report 2026-03-05 · accession 0001293293-26-000004 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2026-03-09 | 2026-03-06 | SBAC | Cavanagh Brendan Thomas | Pres AND CEO, Dir | M - OptEx | $0.00 | +19.1K | 61.5K | +45% | $0 |
| DM | 2026-03-09 | 2026-03-06 | SBAC | Cavanagh Brendan Thomas | Pres AND CEO, Dir | F - Tax | $195.69 | -7,243 | 52.8K | -12% | -$1.42M |
| D | 2026-03-09 | 2026-03-06 | SBAC | Cavanagh Brendan Thomas | Pres AND CEO, Dir | D - Sale to Iss | $0.00 | -4,335 | 0 | -100% | $0 |
| DM | 2026-03-09 | 2026-03-06 | SBAC | Cavanagh Brendan Thomas | Pres AND CEO, Dir | M - OptEx | $0.00 | -14.7K | 10.0K | -60% | $0 |
| DM | 2026-03-09 | 2026-03-05 | SBAC | Cavanagh Brendan Thomas | Pres AND CEO, Dir | A - Grant | $0.00 | +42.1K | 16.9K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2026-03-06 | M | A | 1,445 | $0.00 | 53,386.11 | D | — | — | |
| 2 | Common | Class A Common Stock | 2026-03-06 | F | D | 1,968.68 | $195.69 | 63,782.44 | D | — | — | (F1) Shares withheld for payment of tax liability. |
| 3 | Common | Class A Common Stock | 2026-03-06 | M | A | 5,003 | $0.00 | 65,751.12 | D | — | — | |
| 4 | Common | Class A Common Stock | 2026-03-06 | F | D | 1,560.62 | $195.69 | 60,748.12 | D | — | — | (F1) Shares withheld for payment of tax liability. |
| 5 | Common | Class A Common Stock | 2026-03-06 | M | A | 3,966 | $0.00 | 62,308.74 | D | — | — | |
| 6 | Common | Class A Common Stock | 2026-03-06 | F | D | 3,144.77 | $195.69 | 58,342.74 | D | — | — | (F1) Shares withheld for payment of tax liability. |
| 7 | Common | Class A Common Stock | 2026-03-06 | M | A | 8,670 | $0.00 | 61,487.51 | D | — | — | (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. |
| 8 | Common | Class A Common Stock | 2026-03-06 | F | D | 568.61 | $195.69 | 52,817.51 | D | — | — | (F1) Shares withheld for payment of tax liability. |
| 9 | Derivative | Performance Restricted Stock Units | 2026-03-06 | D | D | 4,335 | $0.00 | 0 | D | — · — to — | 4,335 Class A Common Stock | (F9) The PSUs previously reported as acquired by the reporting person were forfeited because the minimum performance criteria required for vesting was not met. (F7) Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock. (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. |
| 10 | Derivative | Performance Restricted Stock Units | 2026-03-06 | M | D | 4,335 | $0.00 | 0 | D | — · — to — | 4,335 Class A Common Stock | (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. (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. |
| 11 | Derivative | Restricted Stock Units | 2026-03-06 | M | D | 1,445 | $0.00 | 0 | D | — · — to — | 1,445 Class A Common Stock | (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). |
| 12 | Derivative | Restricted Stock Units | 2026-03-06 | M | D | 3,966 | $0.00 | 3,966 | D | — · — to — | 3,966 Class A Common Stock | (F5) Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock. (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). |
| 13 | Derivative | Restricted Stock Units | 2026-03-06 | M | D | 5,003 | $0.00 | 10,008 | D | — · — to — | 5,003 Class A Common Stock | (F5) Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock. (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). |
| 14 | Derivative | Performance Restricted Stock Units | 2026-03-05 | A | A | 25,289 | $0.00 | 25,289 | D | — · — to — | 25,289 Class A Common Stock | (F7) Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock. (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. |
| 15 | Derivative | Restricted Stock Units | 2026-03-05 | A | A | 16,859 | $0.00 | 16,859 | D | — · — to — | 16,859 Class A Common Stock | (F5) Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock. (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). |