SBA Communications (SBAC) director exercises 1,501 options with tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SBA Communications director Jack Langer reported routine equity compensation activity. He exercised stock options covering 1,501 shares of Class A Common Stock at an exercise price of $212.31 per share and, in a separate related transaction, 1,496 shares were withheld at $213.61 per share to cover tax obligations and exercise costs, which is not an open-market sale.
After these transactions, he holds 8,704.223 Class A shares directly and 10,630.91 shares indirectly through The Jack Langer 2012 Irrevocable Family Trust, for which he disclaims beneficial ownership beyond any pecuniary interest. He also holds restricted stock units representing 663 and 302 underlying shares, vesting in tranches between May 1, 2025 and May 1, 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,501 shares exercised/converted
Mixed
6 txns
Insider
LANGER JACK
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options (Right to Buy) | 1,501 | $0.00 | -- |
| Exercise | Class A Common Stock | 1,501 | $212.31 | $319K |
| Tax Withholding | Class A Common Stock | 1,496 | $213.61 | $320K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Options (Right to Buy) — 0 shares (Direct);
Class A Common Stock — 10,200.223 shares (Direct);
Restricted Stock Units — 302 shares (Direct);
Class A Common Stock — 10,630.91 shares (Indirect, By Trust)
Footnotes (1)
- Shares withheld for payment of tax liability and exercise price. The securities are held by The Jack Langer 2012 Irrevocable Family Trust for estate planning purposes. The trustee of the trust is the reporting person's spouse. The reporting person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein. These options are fully vested and exercisable. 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
Options exercised: 1,501 shares
Option exercise price: $212.31 per share
Shares withheld for taxes: 1,496 shares
+5 more
8 metrics
Options exercised
1,501 shares
Stock options exercised into Class A Common Stock
Option exercise price
$212.31 per share
Exercise price for 1,501 stock options
Shares withheld for taxes
1,496 shares
Tax and exercise-cost withholding on Class A shares
Withholding price
$213.61 per share
Value used for tax-withholding disposition
Direct holdings after transactions
8,704.223 shares
Class A Common Stock held directly by Langer
Indirect trust holdings
10,630.91 shares
Class A Common Stock held by 2012 Irrevocable Family Trust
RSUs underlying shares (grant 1)
663 shares
Restricted stock units tied to Class A Common Stock
RSUs underlying shares (grant 2)
302 shares
Additional restricted stock units vesting 2025–2027
Key Terms
Restricted Stock Units, Stock Options (Right to Buy), tax-withholding disposition, irrevocable family trust, +1 more
5 terms
Restricted Stock Units financial
"The filing shows restricted stock units linked to 663 and 302 underlying Class A shares."
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.
Stock Options (Right to Buy) financial
"He exercised stock options labeled as “Stock Options (Right to Buy)” for 1,501 underlying Class A shares."
tax-withholding disposition financial
"1,496 Class A shares were withheld to pay tax and exercise obligations, a 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.
irrevocable family trust financial
"The securities are held by The Jack Langer 2012 Irrevocable Family Trust for estate planning purposes."
pecuniary interest financial
"The reporting person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein."
FAQ
What insider transactions did Jack Langer report in SBA Communications (SBAC) Form 4?
Jack Langer reported exercising stock options for 1,501 Class A shares at $212.31 per share. Separately, 1,496 shares were withheld at $213.61 per share to cover tax liabilities and exercise costs, a non-market disposition typical of equity compensation events.
What stock options did Jack Langer exercise in the SBA Communications (SBAC) filing?
He exercised stock options labeled as “Stock Options (Right to Buy)” for 1,501 underlying Class A shares at an exercise price of $212.31. Following the exercise, the option position was fully used, with zero options remaining under that specific grant.
What restricted stock units does Jack Langer hold in SBA Communications (SBAC)?
The filing shows restricted stock units linked to 663 and 302 underlying Class A shares. These units vest in scheduled tranches on May 1, 2025, 2026, 2027, and 2028, each RSU converting into one share of Class A Common Stock upon vesting.