SBA Communications (NASDAQ: SBAC) EVP logs RSU vesting and tax withholding
Rhea-AI Filing Summary
SBA Communications EVP – Site Leasing Donald Day reported equity compensation activity involving Class A Common Stock. On August 1, 2026, 457 restricted stock units were exercised into 457 shares, and 170.689 shares were withheld at $180.98 per share to satisfy tax liabilities. The filing’s Rule 10b5-1 checkbox was not marked, and Day continues to hold multiple restricted stock unit and performance restricted stock unit awards subject to future vesting and performance conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 286.311 shares
Net Buy
9 txns
Insider
DAY DONALD
Role
EVP - SITE LEASING
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F2, F6 | 457 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 457 | $0.00 | $0.00 |
| Tax Withholding | Class A Common Stock F1 | 170.689 | $180.98 | $31K |
| holding | Restricted Stock Units F2, F3 | -- | -- | -- |
| holding | Performance Restricted Stock Units F4, F5 | -- | -- | -- |
| holding | Restricted Stock Units F2, F7 | -- | -- | -- |
| holding | Performance Restricted Stock Units F4, F8 | -- | -- | -- |
| holding | Restricted Stock Units F2, F9 | -- | -- | -- |
| holding | Performance Restricted Stock Units F4, F10 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 8,714 shares (Direct);
Class A Common Stock — 9,992.342 shares (Direct);
Performance Restricted Stock Units — 10,715 shares (Direct)
Footnotes (10)
- F1. Shares withheld for payment of tax liability.
- 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: 555 vested on the first and second anniversaries and 555 will vest on the third anniversary of the grant date (March 6, 2024).
- F4. Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
- F5. 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 6, 2027. The number of shares of Class A Common Stock that will be earned at the end of the three-year performance period is subject to decrease or increase (up to 200%) based on the results of the performance conditions.
- F6. These restricted stock units vest in accordance with the following schedule: 456 vested on the first anniversary of the grant date; 457 vested on the second anniversary and 457 vests on the third anniversary of the grant date (August 1, 2024).
- F7. These restricted stock units vest in accordance with the following schedule: 1,348 vested on the first anniversary; 1,348 will vest on the second anniversary of the grant date and 1,349 vest on the third anniversary of the grant date (March 6, 2025).
- F8. 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 6, 2028. 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.
- F9. These restricted stock units vest in accordance with the following schedule: 1,668 will vest on the first and second anniversaries and 1,669 will vest on the third anniversary of the grant date (March 5, 2026).
- F10. 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.
Key Figures
RSUs converted: 457 shares
Shares withheld for taxes: 170.689 shares
Tax withholding price: $180.98 per share
+2 more
5 metrics
RSUs converted
457 shares
Restricted Stock Units converted into Class A Common Stock on August 1, 2026
Shares withheld for taxes
170.689 shares
Class A Common Stock withheld to satisfy tax liability on August 1, 2026
Tax withholding price
$180.98 per share
Price used for the tax-withholding disposition of 170.689 shares
Largest RSU block outstanding
5,005 underlying shares
Restricted stock units for Class A Common Stock reported as outstanding
Largest performance RSU block
5,005 underlying shares
Performance restricted stock units for Class A Common Stock still outstanding
Key Terms
Restricted Stock Units, Performance Restricted Stock Units, tax liability, contingent right
4 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share"
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.
Performance Restricted Stock Units financial
"These performance restricted stock units will be earned based upon the Issuer's performance"
Performance restricted stock units (PRSUs) are promises to deliver company shares to employees or executives only if the business meets specific performance targets and any time-based holding rules. Think of them as a bonus that converts into stock only after set goals are reached, so investors watch PRSUs for two reasons: they can dilute existing shares if paid out, and they signal how closely management’s pay is tied to company performance.
tax liability financial
"Shares withheld for payment of tax liability."
contingent right financial
"represents a contingent right to receive one share of Class A Common Stock"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What transactions did SBA Communications (SBAC) EVP Donald Day report on this Form 4?
Donald Day reported 457 restricted stock units converting into 457 shares of Class A Common Stock on August 1, 2026. Of those, 170.689 shares were disposed of by being withheld to cover tax liabilities, while the remaining shares from the vesting event were retained as common stock.
Were Donald Day’s SBA Communications (SBAC) transactions made under a Rule 10b5-1 trading plan?
No. The Form 4’s Rule 10b5-1 checkbox is not marked, indicating these transactions were not affirmatively reported as occurring under a Rule 10b5-1 trading plan. They instead reflect routine equity award vesting and associated tax withholding without an identified pre-arranged trading plan.
What restricted stock unit and performance unit awards in SBAC does Donald Day still hold?
Donald Day continues to hold several restricted stock unit and performance restricted stock unit awards. Outstanding blocks include awards covering 555, 1,665, 2,697, 4,045 and two separate awards of 5,005 underlying shares of Class A Common Stock, subject to vesting and performance conditions described in the footnotes.