SBA Communications director granted 1,108 RSUs
SBA Communications director Mary S. Chan received a grant of 1,108 Restricted Stock Units (RSUs) for Class A Common Stock at an exercise price of $0.0000 per unit.
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Form Type
4
Rhea-AI Filing Summary
SBA Communications director Mary S. Chan received a grant of 1,108 Restricted Stock Units (RSUs) for Class A Common Stock at an exercise price of $0.0000 per unit. Each RSU is a contingent right to one share. After this grant, she holds 6,421.5425 Class A Common shares directly, along with RSU awards covering 663, 302 and 1,108 underlying shares that vest in stages from 2025 through 2029.
Insider Trade Summary
Grant/Award: 1,108 shares
Grant/Award
4 txns
Insider
Chan Mary S
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 1,108 | $0.00 | $0.00 |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 2,073 contracts for 965 underlying shares (Direct);
Class A Common Stock — 6,421.5425 shares (Direct)
Footnotes (4)
- F1. Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
- F2. 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.
- F3. 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.
- F4. 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
Common shares held directly: 6,421.5425 shares
New RSU grant: 1,108 units
Existing RSU award: 663 units
+2 more
5 metrics
Common shares held directly
6,421.5425 shares
Class A Common Stock after reported transactions
New RSU grant
1,108 units
Restricted Stock Units granted with $0.0000 exercise price
Existing RSU award
663 units
RSUs for Class A Common Stock, direct ownership
Existing RSU award
302 units
RSUs for Class A Common Stock, direct ownership
RSU exercise price
$0.0000 per unit
Exercise price for reported RSU awards
Key Terms
Restricted Stock Units, Class A Common Stock, contingent right, vest
4 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock."
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.
Class A Common Stock financial
"Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock."
vest financial
"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."
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did Mary S. Chan report at SBA Communications (SBAC)?
Mary S. Chan, a director of SBA Communications, reported receiving a grant of 1,108 Restricted Stock Units. These RSUs are compensation-based awards that each represent a contingent right to receive one share of Class A Common Stock in the future, subject to vesting.
How many Restricted Stock Units did Mary S. Chan receive in this SBAC Form 4 filing?
Mary S. Chan received 1,108 Restricted Stock Units tied to SBA Communications Class A Common Stock. The RSUs have a stated exercise price of $0.0000, meaning no cash payment is required upon settlement, and are scheduled to vest over several years according to the disclosed timetable.
What are Mary S. Chan’s reported Class A Common Stock holdings in SBA Communications (SBAC)?
After the reported transactions, Mary S. Chan directly owns 6,421.5425 shares of SBA Communications Class A Common Stock. In addition, she holds multiple RSU awards that can settle into further shares as they vest according to the specified schedules through 2029.
What RSU balances does Mary S. Chan hold in SBA Communications (SBAC) after the grant?
Following the grant, Mary S. Chan holds RSU awards covering 663, 302, and 1,108 underlying Class A Common shares. These RSUs vest in tranches between 2025 and 2029, providing potential future share delivery as service-based conditions are satisfied.
How do the RSUs granted to Mary S. Chan in SBAC vest over time?
The filing explains that the RSUs vest in stages over several years. For example, one 302-unit award vests across 2025, 2026, and 2027, while other awards vest across later years up to 2029, aligning compensation with continued board service.
What does a Restricted Stock Unit mean in the context of SBA Communications (SBAC)?
A Restricted Stock Unit at SBA Communications represents a contingent right to receive one share of Class A Common Stock in the future. Delivery occurs when vesting conditions, typically service-based requirements over time, are met, rather than through an immediate stock purchase.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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