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SBA Communications (NASDAQ: SBAC) grants director 1,108 RSUs

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Krouse George R Jr reported acquisition or exercise transactions in this Form 4 filing.

SBA Communications Corp director George R. Jr. Krouse reported updated equity holdings. On May 22, 2026, he received a grant of 1,108 Restricted Stock Units (RSUs), each representing a contingent right to receive one share of Class A Common Stock at a stated price of 0.0000 per share.

These 1,108 RSUs vest in three installments of 369, 369 and 370 units on May 1, 2027, May 1, 2028 and May 1, 2029, respectively. The filing also shows he directly holds 8,811.636 shares of Class A Common Stock and has other RSU awards outstanding that vest in tranches of 302 and 331–332 units between 2025 and 2028.

Positive

  • None.

Negative

  • None.
Insider Krouse George R Jr
Role null
Type Security Shares Price Value
Grant/Award Restricted Stock Units 1,108 $0.00 --
holding Restricted Stock Units -- -- --
holding Restricted Stock Units -- -- --
holding Class A Common Stock -- -- --
Holdings After Transaction: Restricted Stock Units — 1,108 shares (Direct, null); Class A Common Stock — 8,811.636 shares (Direct, null)
Footnotes (1)
  1. 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 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. 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.
New RSU grant 1,108 Restricted Stock Units Grant to director George R. Jr. Krouse on May 22, 2026
Exercise price of RSUs 0.0000 per unit Conversion or exercise price for reported RSUs
Common shares held 8,811.636 shares Class A Common Stock held directly after transactions
2027–2029 RSU vesting 369 / 369 / 370 units New RSU grant vesting May 1, 2027–2029
2025–2027 RSU tranches 302 / 302 / 302 units RSUs vesting May 1, 2025, 2026 and 2027
2026–2028 RSU tranches 331 / 331 / 332 units RSUs vesting May 1, 2026, 2027 and 2028
Outstanding RSUs (set 1) 663 underlying shares Restricted Stock Units tied to Class A Common Stock
Outstanding RSUs (set 2) 302 underlying shares Additional Restricted Stock Units tied to Class A Common Stock
Restricted Stock Units financial
"These restricted stock units vest in accordance with the following schedule"
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"
vest financial
"These restricted stock units vest in accordance with the following schedule"
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.
underlying security financial
"underlying_security_title: "Class A Common Stock""
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Krouse George R Jr
(Last)(First)(Middle)
C/O SBA COMMUNICATIONS CORPORATION
8051 CONGRESS AVENUE
(Street)
BOCA RATON FLORIDA 33487
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
SBA COMMUNICATIONS CORP [ SBAC ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/22/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Class A Common Stock8,811.636D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1) (2) (2)Class A Common Stock302302D
Restricted Stock Units(1) (3) (3)Class A Common Stock663663D
Restricted Stock Units(1)05/22/2026A1,108 (4) (4)Class A Common Stock1,108$01,108D
Explanation of Responses:
1. Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
2. These restricted stock units vest in accordance with the following schedule: 302 vested on May 1, 2025; 302 vested on May 2026; and 302 vest on May 1, 2027.
3. 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.
4. 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.
/s/ Joshua Westerman, as Attorney-in-Fact05/27/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did SBA Communications (SBAC) director George R. Jr. Krouse report in this Form 4?

He reported an updated snapshot of his equity holdings, including a new grant of 1,108 Restricted Stock Units. The filing also details his direct ownership of 8,811.636 Class A Common shares and multiple RSU awards vesting over several future dates.

How many Restricted Stock Units did SBAC grant to director George R. Jr. Krouse?

He received a grant of 1,108 Restricted Stock Units. Each unit represents a contingent right to receive one share of SBA Communications Class A Common Stock, giving him additional equity-based compensation that will vest over a multi‑year schedule from 2027 through 2029.

What is the vesting schedule for the 1,108 new RSUs reported by SBAC director Krouse?

The 1,108 RSUs vest in three installments: 369 units on May 1, 2027, 369 units on May 1, 2028, and 370 units on May 1, 2029. This staggered vesting structure ties his compensation to longer‑term company performance and continued service.

How many SBA Communications Class A Common shares does George R. Jr. Krouse now hold directly?

He holds 8,811.636 shares of Class A Common Stock directly following the reported transactions. This direct ownership is separate from his Restricted Stock Units, which convert into additional Class A shares only as they vest over the stated timelines.

What other RSU awards and vesting dates are disclosed for SBAC director Krouse?

The filing lists RSU awards vesting in 302‑share tranches on May 1 of 2025, 2026 and 2027, and 331‑331‑332‑share tranches on May 1 of 2026, 2027 and 2028. These create a series of future equity deliveries tied to his ongoing service.

What does each Restricted Stock Unit represent for SBAC director George R. Jr. Krouse?

Each Restricted Stock Unit represents a contingent right to receive one share of SBA Communications Class A Common Stock. The units have an exercise or conversion price of 0.0000, meaning no additional cash payment is required when they vest into shares.