SBA Communications (SBAC) director receives 1,108 RSUs and updates holdings
Rhea-AI Filing Summary
LANGER JACK reported acquisition or exercise transactions in this Form 4 filing.
SBA Communications director Jack Langer reported an equity award and updated holdings. He received a grant of 1,108 Restricted Stock Units (RSUs), each representing one share of Class A Common Stock. This grant is compensation-related rather than an open-market trade.
After this update, Langer holds 8,704.223 Class A Common shares directly and 10,630.910 shares indirectly through The Jack Langer 2012 Irrevocable Family Trust for estate planning purposes, where the trustee is his spouse and he disclaims beneficial ownership except for his pecuniary interest. He also has existing RSU awards, including blocks of 302 and 663 units, with vesting schedules that extend from May 1, 2026 through May 1, 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
LANGER JACK
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 | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 2,073 shares (Direct);
Class A Common Stock — 8,704.223 shares (Direct);
Class A Common Stock — 10,630.91 shares (Indirect, By Trust)
Footnotes (5)
- F1. 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.
- F2. Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
- F3. 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.
- F4. 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.
- F5. 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 shares held: 8,704.223 shares
Indirect trust shares: 10,630.910 shares
+4 more
7 metrics
RSU grant
1,108 units
Restricted Stock Units granted to Jack Langer
Direct shares held
8,704.223 shares
Class A Common Stock, direct ownership after reported transactions
Indirect trust shares
10,630.910 shares
Held by The Jack Langer 2012 Irrevocable Family Trust
RSUs outstanding grant 1
663 units
Restricted Stock Units with underlying Class A Common Stock
RSUs outstanding grant 2
302 units
Restricted Stock Units with underlying Class A Common Stock
RSU vesting tranche
302 units
Vested on May 1, 2025 under one RSU schedule
Future vesting tranche
370 units
RSUs scheduled to vest on May 1, 2029
Key Terms
Restricted Stock Units, pecuniary interest, Irrevocable Family Trust, beneficial ownership, +1 more
5 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.
pecuniary interest financial
"The reporting person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein."
Irrevocable Family Trust financial
"The securities are held by The Jack Langer 2012 Irrevocable Family Trust for estate planning purposes."
beneficial ownership financial
"The reporting person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein."
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.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did SBA Communications (SBAC) director Jack Langer report in this Form 4?
Jack Langer reported a grant of 1,108 Restricted Stock Units as equity compensation and updated his existing stock and RSU holdings. The filing shows both his direct share ownership and indirect holdings through a family trust.
How many Restricted Stock Units did SBAC director Jack Langer receive?
He received 1,108 Restricted Stock Units, each convertible into one share of Class A Common Stock. This grant is recorded at a price of $0.0000 per unit, reflecting a compensation award rather than a market purchase.
What indirect SBA Communications (SBAC) holdings does Jack Langer have through a trust?
The filing shows 10,630.910 Class A Common shares held by The Jack Langer 2012 Irrevocable Family Trust. The trustee is his spouse, and he disclaims beneficial ownership except for his pecuniary interest in these trust-held shares.
How do Jack Langer’s existing RSU awards in SBAC vest over time?
Existing RSUs vest in scheduled tranches: one grant has 302 units vesting on May 1, 2026 and May 1, 2027, while another vests 331 units on May 1, 2027 and 2028 and 332 on May 1, 2028. Additional tranches extend to May 1, 2029.