SBA Communications (SBAC) chair adds shares via RSU settlement
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SBA Communications chairman and director Jeffrey Stoops reported routine equity compensation activity involving restricted stock units. On May 1, 2026, 302 and 331 of his restricted stock units were settled for an equal number of Class A Common Stock shares, reflecting derivative exercises rather than market purchases or sales. Following these transactions, he directly holds about 141,133.52 Class A Common Stock shares and continues to hold restricted stock units that vest in future years. Separately, 259,863 Class A Common Stock shares are owned indirectly through Calculated Risk Partners, L.P., a Delaware limited partnership, for which Stoops and his spouse control the general partner; he disclaims beneficial ownership of that stock except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
633 shares exercised/converted
Mixed
5 txns
Insider
STOOPS JEFFREY
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 302 | $0.00 | -- |
| Exercise | Restricted Stock Units | 331 | $0.00 | -- |
| Exercise | Class A Common Stock | 302 | $0.00 | -- |
| Exercise | Class A Common Stock | 331 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 302 shares (Direct, null);
Class A Common Stock — 141,133.52 shares (Direct, null);
Class A Common Stock — 259,863 shares (Indirect, By Limited Partnership)
Footnotes (1)
- 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. These shares are owned by Calculated Risk Partners, L.P., a Delaware limited partnership ("CRLP"). The Reporting Person and his spouse control the general partner of CRLP. The Reporting Person disclaims beneficial ownership of the stock owned by CRLP except to the extent of his pecuniary interest therein. 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.
Key Figures
RSUs settled (first tranche): 302 units/shares
RSUs settled (second tranche): 331 units/shares
Total RSU exercises: 633 shares
+4 more
7 metrics
RSUs settled (first tranche)
302 units/shares
Restricted stock units settled into 302 Class A shares on May 1, 2026
RSUs settled (second tranche)
331 units/shares
Restricted stock units settled into 331 Class A shares on May 1, 2026
Total RSU exercises
633 shares
ExerciseCount 2; ExerciseShares 633 in transaction summary
Direct common stock holdings
141,133.52 shares
Total Class A Common Stock shares following one transaction entry
Indirect common stock holdings
259,863 shares
Class A Common Stock owned by Calculated Risk Partners, L.P.
RSU vesting schedule (302 grant)
302/302/302 units
Vest on May 1, 2025; May 1, 2026; May 1, 2027 respectively
RSU vesting schedule (331 grant)
331/331/332 units
Vest on May 1, 2026; May 1, 2027; May 1, 2028 respectively
Key Terms
Restricted Stock Units, pecuniary interest, limited partnership, contingent right, +1 more
5 terms
Restricted Stock Units financial
"The security title includes "Restricted Stock Units" for derivative entries."
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.
pecuniary interest financial
"The Reporting Person disclaims beneficial ownership... except to the extent of his pecuniary interest therein."
limited partnership financial
"These shares are owned by Calculated Risk Partners, L.P., a Delaware limited partnership ("CRLP")."
A limited partnership is a legal business structure with two types of partners: at least one general partner who runs the business and bears full legal responsibility, and one or more limited partners who contribute money, share profits, and have liability capped at their investment. For investors, it matters because it separates control from financial exposure — like putting money into a store without managing it — and affects how returns, risks, taxes and transferability of ownership are handled.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock."
derivative security financial
"Transaction code description notes an "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.
FAQ
What insider equity transactions did SBA Communications (SBAC) chairman Jeffrey Stoops report?
Jeffrey Stoops reported settling restricted stock units into Class A Common Stock on May 1, 2026. Specifically, 302 and 331 restricted stock units converted into the same number of shares, representing derivative exercises tied to prior awards rather than open-market buying or selling.
How do the restricted stock units for SBA Communications (SBAC) vest over time?
One RSU grant of 302 units vested 302 on May 1, 2025, 302 on May 1, 2026, and will vest 302 on May 1, 2027. Another grant of 331 units vested 331 on May 1, 2026, with 331 vesting May 1, 2027 and 332 vesting May 1, 2028.