SBA Communications CFO exercises 1,588 stock units
Performance-unit awards are tied to three financial metrics, with shares earned subject to decrease or increase (up to 200%) based on results.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
SBA Communications Corp. (SBAC) CFO Marc Montagner exercised 1,588 restricted stock units into Class A common stock on October 17, 2026. On the same date, 624.878 shares were withheld for tax liability at a reported price of $187.06 per share. No Rule 10b5-1 plan is reported. The exercised units were part of an award dated October 17, 2023, with 1,588 units vesting on each of its first three anniversaries.
Insider Trade Summary
1,588 shares exercised/converted
Exercise
9 txns
Insider
Montagner Marc
Role
EVP - CHIEF FINANCIAL OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F3, F4 | 1,588 | $0.00 | $0.00 |
| Exercise | Class A Common Stock F1 | 1,588 | $0.00 | $0.00 |
| Tax Withholding | Class A Common Stock F2 | 624.878 | $187.06 | $117K |
| holding | Restricted Stock Units F3, F5 | -- | -- | -- |
| holding | Performance Restricted Stock Units F6, F7 | -- | -- | -- |
| holding | Restricted Stock Units F3, F8 | -- | -- | -- |
| holding | Performance Restricted Stock Units F6, F9 | -- | -- | -- |
| holding | Restricted Stock Units F3, F10 | -- | -- | -- |
| holding | Perfomance Restricted Stock Units F6, F11 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 15,536 contracts (Direct);
Class A Common Stock — 7,159.073 shares (Direct);
Performance Restricted Stock Units — 13,569 contracts (Direct);
Perfomance Restricted Stock Units — 8,561 contracts (Direct)
Footnotes (11)
- F1. Includes 127.443 shares acquired through a dividend reinvestment plan.
- F2. Shares withheld for payment of tax liability.
- F3. Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
- F4. These restricted stock units vest in accordance with the following schedule: 1,588 vested on each of the first and second anniversaries and 1,588 vested on the third anniversary of the grant date (October 17, 2023).
- F5. These restricted stock units vest in accordance with the following schedule: 2,071 vested on the first anniversary; 2,072 vested on the second anniversary and 2,072 will vest on the third anniversary of the grant date (March 6, 2024).
- F6. Each performance restricted stock unit represents a contingent right to received one share of Class A Common Stock.
- F7. These performance restricted stock units will be earned based upon the Issuer's performance on each of three different financial metrics during the three-year performance period. Once earned, the performance restricted stock units will vest on March 6, 2027. The number of shares of Class A Common Stock that will be earned is subject to decrease or increase (up to 200%) based on the results of the performance conditions.
- F8. These restricted stock units vest in accordance with the following schedule: 2,451 vested on the first anniversary; 2,451 will vest on the second anniversary and 2,452 will vest on the third anniversary of the grant date (March 6, 2025).
- F9. These performance restricted stock units will be earned based upon the Issuer's performance on each of three different financial metrics during the three-year performance period. Once earned, the performance restricted stock units will vest on March 6, 2028. The number of shares of Class A Common Stock that will be earned is subject to decrease or increase (up to 200%) based on the results of the performance conditions.
- F10. These restricted stock units vest in accordance with the following schedule: 2,853 vest on the first anniversary and 2,854 vest on the second and third anniversaries of the grant date (March 5, 2026).
- F11. These performance restricted stock units will be earned based upon the Issuer's performance on each of three different financial metrics during the three-year performance period. Once earned, the performance restricted stock units will best on March 5, 2029. The number of shares of Class A Common Stock that will be earned subject to decrease or increase (up to 200%) based on the results of the performance conditions.
Key Figures
Restricted stock units exercised: 1,588 shares
Shares withheld for tax liability: 624.878 shares
Reported price per share withheld: $187.06 per share
+2 more
5 metrics
Restricted stock units exercised
1,588 shares
October 17, 2026
Shares withheld for tax liability
624.878 shares
October 17, 2026
Reported price per share withheld
$187.06 per share
Tax-liability withholding on October 17, 2026
Scheduled vesting per anniversary
1,588 units
Award dated October 17, 2023; first three anniversaries
Performance-unit adjustment
Up to 200%
Number of shares earned may decrease or increase based on performance conditions
Key Terms
restricted stock unit, performance restricted stock units, dividend reinvestment plan, three-year performance period
4 terms
restricted stock unit financial
"Each restricted stock unit represents a contingent right to receive one share"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
performance restricted stock units financial
"These performance restricted stock units will be earned based upon the Issuer's performance"
Performance restricted stock units (PRSUs) are promises to deliver company shares to employees or executives only if the business meets specific performance targets and any time-based holding rules. Think of them as a bonus that converts into stock only after set goals are reached, so investors watch PRSUs for two reasons: they can dilute existing shares if paid out, and they signal how closely management’s pay is tied to company performance.
dividend reinvestment plan financial
"Includes 127.443 shares acquired through a dividend reinvestment plan"
A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.
three-year performance period financial
"during the three-year performance period"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many RSUs did SBAC CFO Marc Montagner exercise?
Marc Montagner exercised 1,588 restricted stock units into Class A common stock on October 17, 2026. The units vested on the third anniversary of an October 17, 2023 grant; the award schedule provided for 1,588 units to vest on each of the first, second and third anniversaries.
How are Marc Montagner's SBAC performance RSUs earned?
The performance RSUs are earned based on the issuer's performance on three financial metrics during a three-year performance period. Once earned, awards vest on March 6, 2027, March 6, 2028, or March 5, 2029, depending on the award. The number of shares earned is subject to decrease or increase (up to 200%) based on the performance conditions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
