Director at SBA Communications (NASDAQ: SBAC) settles RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SBA Communications director Jay LeCoryelle Johnson reported routine equity compensation activity involving restricted stock units and related tax withholding. On May 1, 2026, a total of 881 restricted stock units vested and were settled for an equal number of Class A Common shares, in three blocks of 248, 302, and 331 units as described in the vesting footnotes.
To cover tax obligations on these settlements, 325.968 shares of Class A Common Stock were withheld at $221.20 per share, classified as a tax-withholding disposition rather than an open‑market sale. After these transactions, Johnson directly holds 1,665.096 Class A Common shares and also holds stock options giving the right to buy 10,000 Class A Common shares at an exercise price of $328.99 per share, expiring on March 28, 2032.
Positive
- None.
Negative
- None.
Insider Trade Summary
881 shares exercised/converted
Mixed
8 txns
Insider
Johnson Jay LeCoryelle
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 248 | $0.00 | -- |
| Exercise | Restricted Stock Units | 302 | $0.00 | -- |
| Exercise | Restricted Stock Units | 331 | $0.00 | -- |
| Exercise | Class A Common Stock | 248 | $0.00 | -- |
| Exercise | Class A Common Stock | 302 | $0.00 | -- |
| Exercise | Class A Common Stock | 331 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 325.968 | $221.20 | $72K |
| holding | Stock Options (Right to Buy) | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Class A Common Stock — 1,358.064 shares (Direct, null);
Stock Options (Right to Buy) — 10,000 shares (Direct, null)
Footnotes (1)
- On May 1, 2026, 248 of the Reporting Person's restricted stock units were settled for an equal number of Class A Common Stock. On May 1, 2026, 302 of the Reporting Person's restricted stock units were settled for an equal number of Class A Common Stock. On May 1, 2026, 331 of the Reporting Person's restricted stock units were settled for an equal number of Class A Common Stock. Shares withheld for the payment of tax liability. 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). Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock. 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. 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. 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: 881 shares
Shares withheld for taxes: 325.968 shares
Tax withholding price: $221.20 per share
+4 more
7 metrics
RSUs settled
881 shares
Restricted stock units settled into Class A Common on May 1, 2026
Shares withheld for taxes
325.968 shares
Tax-withholding disposition at $221.20 per share
Tax withholding price
$221.20 per share
Price used for 325.968 shares withheld for tax liability
Common shares held after
1,665.096 shares
Director’s direct Class A Common holdings following transactions
Stock option exercise price
$328.99 per share
Exercise price for stock options on Class A Common Stock
Underlying option shares
10,000 shares
Class A Common shares underlying stock options expiring March 28, 2032
Option expiration
March 28, 2032
Expiration date of stock options vesting 2,000 per year over five years
Key Terms
Restricted Stock Units, Stock Options (Right to Buy, tax-withholding disposition, derivative security, +1 more
5 terms
Restricted Stock Units financial
"On May 1, 2026, 248 of the Reporting Person's restricted stock units were settled"
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
"security_title": "Stock Options (Right to Buy)""
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
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.
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Class A Common Stock financial
"underlying_security_title": "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
What insider transactions did SBA Communications (SBAC) director Jay LeCoryelle Johnson report?
Johnson reported equity compensation activity on May 1, 2026, including the vesting and settlement of 881 restricted stock units into Class A Common shares and a related tax-withholding disposition of 325.968 shares to cover tax liabilities.
Were any of the SBA Communications (SBAC) insider transactions open-market sales?
The Form 4 shows no open‑market sales. Instead, 325.968 shares were classified under code F as shares withheld to pay tax liability related to vested restricted stock units, which is different from discretionary selling in the market.
What restricted stock unit activity did SBA Communications (SBAC) disclose for the director?
On May 1, 2026, three tranches of restricted stock units—248, 302, and 331 units—were settled into an equal number of Class A Common shares. Footnotes describe vesting schedules for each grant, including prior and future vesting dates.
What stock options does the SBA Communications (SBAC) director retain after these transactions?
Johnson retains stock options covering 10,000 Class A Common shares at an exercise price of $328.99 per share. According to the filing, these options expire on March 28, 2032, with vesting of 2,000 options on each of the first five anniversaries of the grant date.
How were taxes handled on the SBA Communications (SBAC) restricted stock unit vesting?
To satisfy tax obligations from the restricted stock unit settlements, 325.968 shares of Class A Common Stock were withheld at $221.20 per share. A footnote specifies these shares were withheld for the payment of tax liability, not sold on the open market.