SBA Communications director granted 1,108 RSUs
SBA Communications director Laurie Bowen reported updated equity holdings with a new compensation grant.
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Form Type
4
Rhea-AI Filing Summary
SBA Communications director Laurie Bowen reported updated equity holdings with a new compensation grant. On May 22, 2026, Bowen received 1,108 Restricted Stock Units (RSUs), each representing one share of Class A Common Stock, at a conversion price of $0.00 per unit.
After this grant, Bowen directly holds 1,072.088 shares of Class A Common Stock and multiple RSU awards, along with stock options on 10,000 shares at an exercise price of $224.24 per share expiring on May 25, 2033. The RSU and option awards vest over several years, spreading potential share delivery between 2026 and 2029. No open-market buys or sells were reported in this filing.
Insider Trade Summary
Grant/Award: 1,108 shares
Grant/Award
5 txns
Insider
BOWEN LAURIE
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 1,108 | $0.00 | $0.00 |
| holding | Stock Options (Right to Buy) | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 2,073 contracts for 965 underlying shares (Direct);
Stock Options (Right to Buy) — 10,000 contracts (Direct);
Class A Common Stock — 1,072.088 shares (Direct)
Footnotes (5)
- F1. These options vest in accordance with the following schedule: 2,000 vest on each of the first through fifth anniversaries of the grant date (May 25, 2023).
- F2. Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
- F3. These restricted stock units vest in accordance with the following schedule: 302 vested on May 1, 2025; 302 vested on May 1, 2026; and 302 vest on May 1 2027.
- F4. These restricted stock units vest in accordance with the following schedule: 331 vested on May 1, 2026; 331 vest on May 1, 2027; and 332 vest on May 1 2028.
- F5. These restricted stock units vest in accordance with the following schedule: 369 vest on May 1, 2027; 369 vest on May 1, 2028; and 370 vest on May 1, 2029.
Key Figures
New RSU grant: 1,108 units
Common shares held: 1,072.088 shares
Existing RSU award: 663 units
+3 more
6 metrics
New RSU grant
1,108 units
Restricted Stock Units granted on May 22, 2026
Common shares held
1,072.088 shares
Class A Common Stock directly held after transactions
Existing RSU award
663 units
Restricted Stock Units linked to Class A Common Stock
Existing RSU award
302 units
Restricted Stock Units with vesting from 2025 to 2027
Stock options
10,000 shares
Options on Class A Common Stock held directly
Option exercise price
$224.24/share
Stock options expiring May 25, 2033
Key Terms
Restricted Stock Units, Stock Options (Right to Buy), Class A Common Stock, grant, award, or other acquisition, +1 more
5 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Stock Options (Right to Buy) financial
"Stock Options (Right to Buy) with an exercise price of 224.2400 and expiration date 2033-05-25."
Class A Common Stock financial
"Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
grant, award, or other acquisition financial
"Transaction code A is described as Grant, award, or other acquisition."
vest financial
"These restricted stock units vest in accordance with the following schedule: 369 vest on May 1, 2027; 369 vest on May 1, 2028; and 370 vest on May 1, 2029."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity award did SBA Communications (SBAC) director Laurie Bowen receive?
Laurie Bowen received 1,108 Restricted Stock Units on May 22, 2026. Each RSU represents a contingent right to one share of SBA Communications Class A Common Stock, granted as part of equity-based compensation rather than through an open-market stock purchase.
What stock options on SBA Communications (SBAC) does Laurie Bowen hold?
Laurie Bowen holds options on 10,000 shares of Class A Common Stock. These options have an exercise price of $224.24 per share and expire on May 25, 2033, vesting in five annual installments of 2,000 options each.
How do Laurie Bowen’s SBA Communications (SBAC) RSUs vest over time?
Bowen’s RSUs vest in multiple annual tranches between 2025 and 2029. One award vests 302 units each year from 2025–2027, another vests 331, 331, then 332 units from 2026–2028, and a third vests 369, 369, then 370 units from 2027–2029.
What does a Restricted Stock Unit (RSU) mean for SBA Communications (SBAC) insiders?
A Restricted Stock Unit grants a contingent right to receive a share of Class A Common Stock. For SBA Communications insiders like Laurie Bowen, RSUs typically vest over time, aligning compensation with company performance rather than involving immediate cash outlays or open-market stock purchases.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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