SBA Communications (SBAC) VP & CAO records RSU grants, PSU vesting and tax share withholdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SBA Communications Corp officer Saul Kredi reported multiple equity award transactions in company stock. On March 5, 2026, he received a grant of 2,845 restricted stock units, each representing a contingent right to one share of Class A Common Stock.
On March 6, 2026, previously granted restricted and performance stock units vested and were converted into Class A Common Stock through several derivative exercises. Some shares were disposed of at $195.69 per share to cover tax liabilities, and a portion of performance units was forfeited based on performance results.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,097.75 shares exercised/converted
Mixed
17 txns
Insider
KREDI SAUL
Role
VP & Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 147 | $0.00 | -- |
| Exercise | Performance Restricted Stock Units | 439 | $0.00 | -- |
| Exercise | Performance Restricted Stock Units | 109.75 | $0.00 | -- |
| Disposition | Performance Restricted Stock Units | 329.25 | $0.00 | -- |
| Exercise | Restricted Stock Units | 585 | $0.00 | -- |
| Exercise | Restricted Stock Units | 817 | $0.00 | -- |
| Exercise | Class A Common Stock | 147 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 57.844 | $195.69 | $11K |
| Exercise | Class A Common Stock | 878 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 359.808 | $195.69 | $70K |
| Exercise | Class A Common Stock | 109.75 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 43.186 | $195.69 | $8K |
| Exercise | Class A Common Stock | 585 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 230.197 | $195.69 | $45K |
| Exercise | Class A Common Stock | 817 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 321.489 | $195.69 | $63K |
| Grant/Award | Restricted Stock Units | 2,845 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Performance Restricted Stock Units — 0 shares (Direct);
Class A Common Stock — 6,196.69 shares (Direct)
Footnotes (1)
- Shares withheld for payment of tax liability. As previously reported on a Form 4, the Reporting Person was awarded 439 performance restricted stock units ("PSUs") on March 6, 2023 which were subject to increase or decrease based on the results of the performance condition. On March 6, 2026, these PSUs vested at 200% of target based on the results of the performance condition, such that 878 shares of Class A Common Stock became issuable to the Reporting Person. As previously reported on a Form 4, the Reporting Person was awarded 439 performance restricted stock units ("PSUs") on March 6, 2023 which were subject to increase or decrease based on the results of the performance condition. On March 6, 2026, these PSUs vested at 25% of target based on the results of the performance condition, such that 109.75 shares of Class A Common Stock became issuable to the Reporting Person. 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: 146 vest on the first and second anniversaries of the grant date and 147 vested on the third anniversary of the grant date (March 6, 2023). Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock. These performance restricted stock units have a three-year performance period and to the extent earned vest on March 6, 2026. The number of shares of Class A Common Stock that will be earned is subject to increase (up to 200%) or decrease based on the results of the performance condition. The performance restricted stock units have a three-year performance period and to the extent earned vest on March 6, 2026. The number of shares of Class A Common Stock that will be earned is subject to increase (up to 200%) or decrease based on the results of the performance condition. As previously reported on a Form 4, the Reporting Person was awarded 439 performance restricted stock units ("PSUs") on March 6, 2023 which were subject to increase or decrease based on the results of the performance condition. On March 6, 2026, these PSUs vested at 25% based on the results of the performance condition, such that 109.75 of the 439 PSUs became issuable to the Reporting Person and the remaining 329.25 were forfeited. These restricted stock units vest in accordance with the following schedule: 584 vest on the first anniversary and 585 on the second anniversary of the grant date and 585 on the third anniversaries of the grant date (March 6, 2024). These restricted stock units vest in accordance with the following schedule: 817 vested on the first anniversary and 817 will vest on the second and third anniversaries of the grant date (March 6, 2025). These restricted stock units vest in accordance with the following schedule: 948 vest on the first and second anniversary of the grant date and 949 vest on the third anniversary of the grant date (March 5, 2026).
FAQ
What insider transactions did Saul Kredi report at SBA Communications (SBAC)?
Saul Kredi reported multiple equity award events, including new restricted stock unit grants, vesting of restricted and performance units, conversions into Class A Common Stock, and related share disposals to cover tax liabilities. These were equity compensation and tax-withholding transactions, not open-market stock purchases or sales.
How many restricted stock units were newly granted to Saul Kredi at SBAC?
Saul Kredi received a grant of 2,845 restricted stock units on March 5, 2026. Each unit represents a contingent right to receive one share of SBA Communications Class A Common Stock, subject to vesting conditions detailed in the award schedule described in the filing footnotes.
What happened to Saul Kredi’s performance restricted stock units at SBA Communications?
Previously awarded performance restricted stock units reached the end of their three-year performance period on March 6, 2026. Some vested and converted into Class A Common Stock at percentages of target, while 329.25 units were forfeited when related performance conditions were not fully achieved.
How do the vesting schedules work for Saul Kredi’s restricted stock units at SBAC?
The filing describes time-based vesting schedules, with specific portions of restricted stock units vesting on the first, second, and third anniversaries of grant dates. Performance restricted stock units vest after a three-year performance period, and earned amounts can increase up to 200% or decrease based on performance results.