SBA Communications director settles RSUs, covers taxes
SBA Communications director Laurie Bowen reported compensation-related equity activity involving Class A Common Stock and equity awards.
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Form Type
4
Rhea-AI Filing Summary
SBA Communications director Laurie Bowen reported compensation-related equity activity involving Class A Common Stock and equity awards. On May 1, 2026, 248, 302 and 331 of her restricted stock units were each settled for an equal number of Class A shares, totaling 881 shares, according to the footnotes.
The company withheld 325.968 shares at $221.20 per share to cover tax liabilities, leaving Bowen with 1,072.088 Class A shares held directly, including 11.985 shares from a dividend reinvestment plan. She also holds stock options to acquire 10,000 Class A shares at an exercise price of $224.24 per share, expiring on May 25, 2033, vesting in 2,000-share increments each year over five years.
Insider Trade Summary
881 shares exercised/converted
Exercise
8 txns
Insider
BOWEN LAURIE
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 248 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 302 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 331 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 248 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 302 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 331 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 325.968 | $221.20 | $72K |
| holding | Stock Options (Right to Buy) | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 965 contracts (Direct);
Class A Common Stock — 1,072.088 shares (Direct);
Stock Options (Right to Buy) — 10,000 contracts (Direct)
Footnotes (10)
- F1. On May 1, 2026, 248 of the Reporting Person's restricted stock units were settled for an equal number of Class A Common Stock.
- F2. Includes 11.985 shares acquired through a dividend reinvestment plan.
- F3. On May 1, 2026, 302 of the Reporting Person's restricted stock units were settled for an equal number of Class A Common Stock.
- F4. On May 1, 2026, 331 of the Reporting Person's restricted stock units were settled for an equal number of Class A Common Stock.
- F5. Shares withheld for the payment of tax liability.
- F6. 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).
- F7. Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
- F8. These restricted stock units vest in accordance with the following schedule: 247 vested on May 1, 2024; 248 vested on May 1, 2025; and 248 vested on May 1, 2026.
- F9. 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.
- F10. 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.
Key Figures
RSUs settled into shares: 881 shares
Shares withheld for taxes: 325.968 shares at $221.20
Direct Class A holdings after transactions: 1,072.088 shares
+3 more
6 metrics
RSUs settled into shares
881 shares
Restricted stock units settled into Class A Common Stock on May 1, 2026
Shares withheld for taxes
325.968 shares at $221.20
Class A Common Stock withheld to pay tax liability
Direct Class A holdings after transactions
1,072.088 shares
Directly held SBA Communications Class A Common Stock following Form 4 transactions
Outstanding stock options
10,000 shares at $224.24
Stock options (right to buy) for Class A Common Stock, expiring May 25, 2033
Derivative exercises
881 shares
Exercise or settlement of restricted stock units coded as M transactions
Dividend reinvestment plan shares
11.985 shares
Class A Common Stock acquired through dividend reinvestment plan, included in direct holdings
Key Terms
Restricted Stock Units, tax-withholding disposition, Stock Options (Right to Buy, dividend reinvestment plan, +1 more
5 terms
Restricted Stock Units financial
"Restricted Stock Units ... 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.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition", "transaction_code_description": "Payment of exercise price or tax liability by delivering securities""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Stock Options (Right to Buy financial
""security_title": "Stock Options (Right to Buy)", "underlying_security_title": "Class A Common Stock""
dividend reinvestment plan financial
"Includes 11.985 shares acquired through a dividend reinvestment plan."
A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.
exercise or conversion of derivative security financial
""transaction_code_description": "Exercise or conversion of derivative security" for M-coded transactions"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Laurie Bowen report in her SBA Communications (SBAC) Form 4?
Laurie Bowen reported equity compensation activity, including the settlement of restricted stock units into SBA Communications Class A Common Stock and a share withholding for taxes. She also disclosed a large outstanding stock option position with a defined exercise price and future expiration date.
What SBA Communications stock options does Laurie Bowen retain after this Form 4?
Bowen holds stock options to buy 10,000 SBA Communications Class A shares at an exercise price of $224.24, expiring May 25, 2033. These options vest in five annual installments of 2,000 shares each, beginning on May 25, 2024, per the vesting footnote.
How do the restricted stock units for Laurie Bowen vest at SBA Communications?
The footnotes describe several RSU grants with staged vesting. For example, 248-unit grants vested annually from May 1, 2024 through May 1, 2026, while 302- and 331-unit grants vest across May 1 dates in 2025, 2026, 2027 and 2028, aligning awards with ongoing service.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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