SBA Communications director receives 1,108 RSU grant
SBA Communications director Jay LeCoryelle Johnson received an award of 1,108 Restricted Stock Units (RSUs) on Class A Common Stock.
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Form Type
4
Rhea-AI Filing Summary
SBA Communications director Jay LeCoryelle Johnson received an award of 1,108 Restricted Stock Units (RSUs) on Class A Common Stock. The RSUs carry a zero exercise price and each unit represents the right to receive one share of Class A Common Stock as they vest over time.
After this grant, Johnson reports direct holdings of 1,665.096 shares of Class A Common Stock, multiple RSU awards totaling 2,073 underlying shares, and 10,000 stock options with a $328.99 exercise price expiring in 2032. The filing reflects equity-based compensation and updated ownership, not open-market buying or selling.
Insider Trade Summary
Grant/Award: 1,108 shares
Grant/Award
5 txns
Insider
Johnson Jay LeCoryelle
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 — 1,665.096 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 (March 28, 2022).
- 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
Direct common shares: 1,665.096 shares
Existing RSU award: 663 units
+4 more
7 metrics
New RSU grant
1,108 units
Restricted Stock Units on Class A Common Stock granted to director
Direct common shares
1,665.096 shares
Class A Common Stock held directly after reported transactions
Existing RSU award
663 units
Restricted Stock Units on Class A Common Stock, vesting 2026-2028
Existing RSU award
302 units
Restricted Stock Units on Class A Common Stock, vesting 2025-2027
Stock options
10,000 options
Options on Class A Common Stock expiring 2032-03-28
Option exercise price
$328.99/share
Exercise price for 10,000 stock options granted March 28, 2022
Option vesting schedule
2,000 options/year
Vest on each of first to fifth anniversaries of 03/28/2022
Key Terms
Restricted Stock Units, Stock Options (Right to Buy, exercise price, Grant, award, or other acquisition, +1 more
5 terms
Restricted Stock Units financial
"These restricted stock units vest in accordance with the following schedule"
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 a 328.9900 exercise price expiring 2032-03-28"
exercise price financial
"conversion_or_exercise_price: "328.9900" for Stock Options (Right to Buy)"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
Grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition""
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did SBA Communications (SBAC) report for Jay LeCoryelle Johnson?
SBA Communications reported that director Jay LeCoryelle Johnson received a grant of 1,108 Restricted Stock Units. These RSUs are equity-based compensation and each unit represents the right to receive one share of Class A Common Stock as vesting conditions are met.
What Restricted Stock Unit positions does Jay LeCoryelle Johnson have in SBA Communications (SBAC)?
Johnson holds several RSU awards, including 663 units, 302 units, and the new 1,108-unit grant, all tied to Class A Common Stock. Footnotes show these RSUs vest in tranches between May 1, 2025 and May 1, 2029, subject to specified schedules.
What stock options does Jay LeCoryelle Johnson hold at SBA Communications (SBAC)?
Johnson holds 10,000 stock options on SBA Communications Class A Common Stock with a $328.99 exercise price. According to the vesting footnote, 2,000 options vest on each of the first through fifth anniversaries of the March 28, 2022 grant date, expiring in 2032.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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