Director Steven Bernstein receives 1,108 RSUs at SBA Communications (SBAC)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SBA Communications director Steven E. Bernstein received a grant of 1,108 restricted stock units (RSUs), each representing a right to one share of Class A Common Stock. This award is compensation-related and carries a zero exercise price.
After this update, Bernstein holds 7,139.6962 Class A shares directly and 56,314 shares indirectly through Bernstein Limited Partnership II, where he disclaims beneficial ownership except for his pecuniary interest. He also has previously granted RSUs that vest in tranches from 2026 through 2029, further tying a portion of his compensation to future company performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
BERNSTEIN STEVEN E
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 1,108 | $0.00 | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 1,108 shares (Direct);
Class A Common Stock — 7,139.696 shares (Direct);
Class A Common Stock — 56,314 shares (Indirect, See Footnote)
Footnotes (1)
- These shares are held by the Bernstein Limited Partnership II, an entity controlled, in part, by the Reporting Person. The Reporting Person disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest. 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: 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. 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
RSU grant: 1,108 units
Direct Class A shares: 7,139.6962 shares
Indirect Class A shares: 56,314 shares
+3 more
6 metrics
RSU grant
1,108 units
Restricted Stock Units granted to director on May 22, 2026
Direct Class A shares
7,139.6962 shares
Direct holdings following reported transactions
Indirect Class A shares
56,314 shares
Held by Bernstein Limited Partnership II, entity-related position
Existing RSU position 1
663 units
Restricted stock units linked to Class A Common Stock
Existing RSU position 2
302 units
Additional restricted stock units linked to Class A Common Stock
RSU vesting 2027-2029 (grant F5)
369 / 369 / 370 units
RSUs vesting on May 1, 2027, 2028, and 2029
Key Terms
Restricted Stock Units, contingent right, beneficial ownership, pecuniary interest, +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.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share"
beneficial ownership financial
"The Reporting Person disclaims beneficial ownership of these shares"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"except to the extent of his pecuniary interest"
vest financial
"These restricted stock units vest in accordance with the following schedule"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What did SBA Communications (SBAC) director Steven E. Bernstein receive in this Form 4 filing?
Steven E. Bernstein received a grant of 1,108 restricted stock units (RSUs) tied to SBA Communications Class A Common Stock. Each RSU represents a contingent right to receive one share, functioning as equity-based compensation without a cash exercise price.
What do the restricted stock units (RSUs) in this SBA Communications (SBAC) filing represent?
Each restricted stock unit represents a contingent right to receive one share of SBA Communications Class A Common Stock. RSUs are typically used as equity compensation and convert into actual shares as they vest over specified future dates.
When do Steven E. Bernstein’s SBA Communications (SBAC) RSUs vest?
Existing RSU grants vest in staged amounts on May 1, 2026, May 1, 2027, May 1, 2028, and May 1, 2029. This creates a multi-year vesting schedule that links portions of Bernstein’s compensation to SBA Communications’ long-term performance.