SBA Communications director exercises 1,501 stock options
SBA Communications director Mary S. Chan exercised stock options for 1,501 shares of Class A Common Stock at $212.31 per share.
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Form Type
4
Rhea-AI Filing Summary
SBA Communications director Mary S. Chan exercised stock options for 1,501 shares of Class A Common Stock at $212.31 per share. This converted fully vested options into common stock.
To cover tax obligations, 1,453 of those shares were withheld at $223.75 per share, leaving Chan with 5,866.5105 Class A shares held directly. She also holds several restricted stock unit awards, each representing one share of Class A Common Stock upon vesting, with remaining underlying amounts of 248, 604 and 994 shares that vest on various schedules through May 1, 2028.
Insider Trade Summary
1,501 shares exercised/converted
Exercise
6 txns
Insider
Chan Mary S
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options (Right to Buy) | 1,501 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 1,501 | $212.31 | $319K |
| Exercise Price or Tax Liability | Class A Common Stock | 1,453 | $223.75 | $325K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Stock Options (Right to Buy) — 0 contracts (Direct);
Class A Common Stock — 5,866.5105 shares (Direct);
Restricted Stock Units — 1,846 contracts (Direct)
Footnotes (6)
- F1. Includes 133.982 shares acquired through a dividend reinvestment plan.
- F2. These stock options are fully vested and exercisable.
- F3. Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
- F4. 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 vest on May 1, 2026.
- F5. These restricted stock units vest in accordance with the following schedule: 302 vested on May 1, 2025; 302 vest on May 1, 2026; and 302 vest on May 1, 2027.
- F6. These restricted stock units vest in accordance with the following schedule: 331 vest on May 1, 2026; 331 vest on May 1, 2027; and 332 vest on May 1, 2028.
Key Figures
Options exercised: 1,501 shares
Option exercise price: $212.31/share
Shares withheld for tax: 1,453 shares
+5 more
8 metrics
Options exercised
1,501 shares
Stock options exercised for Class A Common Stock
Option exercise price
$212.31/share
Exercise price of stock options on Class A Common Stock
Shares withheld for tax
1,453 shares
Shares withheld to satisfy exercise price or tax liability
Withholding share value
$223.75/share
Value per share for tax-withholding disposition
Direct shares after transactions
5,866.5105 shares
Class A Common Stock directly held following transactions
RSU underlying shares (grant 1)
248 shares
Restricted stock units tied to Class A Common Stock
RSU underlying shares (grant 2)
604 shares
Restricted stock units tied to Class A Common Stock
RSU underlying shares (grant 3)
994 shares
Restricted stock units tied to Class A Common Stock
Key Terms
Stock Options (Right to Buy), Restricted Stock Units, tax-withholding disposition, dividend reinvestment plan, +2 more
6 terms
Stock Options (Right to Buy) financial
"security_title: "Stock Options (Right to Buy)""
Restricted Stock Units financial
"security_title: "Restricted Stock Units""
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""
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.
dividend reinvestment plan financial
"Includes 133.982 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.
fully vested and exercisable financial
"These stock options are fully vested and exercisable."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Mary S. Chan report at SBA Communications (SBAC)?
Mary S. Chan reported exercising 1,501 stock options for Class A Common Stock at $212.31 per share. The transaction converted fully vested options into common shares as part of her equity compensation, without being classified as an open-market purchase or sale.
What were the prices involved in Mary S. Chan’s SBA Communications (SBAC) option exercise?
The stock options were exercised at an exercise price of $212.31 per share. To cover tax liabilities, 1,453 shares of Class A Common Stock were withheld at a value of $223.75 per share, a standard tax-withholding mechanism rather than an open-market sale.
Was Mary S. Chan’s SBA Communications (SBAC) Form 4 an open-market sale?
No, the Form 4 shows an option exercise and tax-withholding disposition, not an open-market sale. Code M reflects derivative exercise, while code F indicates shares withheld to pay exercise price or taxes, a routine administrative step in equity compensation plans.
What restricted stock units does Mary S. Chan hold at SBA Communications (SBAC)?
She holds three restricted stock unit awards tied to Class A Common Stock, with 248, 604 and 994 underlying shares. Footnotes state each unit converts into one share and vesting occurs in installments from May 1, 2026 through May 1, 2028, depending on the grant.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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