Welcome to our dedicated page for Sba Communications SEC filings (Ticker: SBAC), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
SBA Communications Corporation filings document the regulatory record of a wireless tower REIT with Class A common stock listed on the Nasdaq Global Select Market. Form 8-K reports cover quarterly financial and operational results, guidance updates, cash dividend declarations, exhibits to earnings releases, and material events involving executive roles and governance.
The company's proxy materials disclose board matters, shareholder voting items, executive compensation and governance practices. Filing disclosures also address capital-structure matters, registered securities, financial condition and operating performance within SBA's communications-site leasing business.
SBA Communications director Jay LeCoryelle Johnson reported routine equity compensation activity involving restricted stock units and related tax withholding. On May 1, 2026, a total of 881 restricted stock units vested and were settled for an equal number of Class A Common shares, in three blocks of 248, 302, and 331 units as described in the vesting footnotes.
To cover tax obligations on these settlements, 325.968 shares of Class A Common Stock were withheld at $221.20 per share, classified as a tax-withholding disposition rather than an open‑market sale. After these transactions, Johnson directly holds 1,665.096 Class A Common shares and also holds stock options giving the right to buy 10,000 Class A Common shares at an exercise price of $328.99 per share, expiring on March 28, 2032.
SBA Communications director Laurie Bowen reported compensation-related equity activity involving Class A Common Stock and equity awards. On May 1, 2026, 248, 302 and 331 of her restricted stock units were each settled for an equal number of Class A shares, totaling 881 shares, according to the footnotes.
The company withheld 325.968 shares at $221.20 per share to cover tax liabilities, leaving Bowen with 1,072.088 Class A shares held directly, including 11.985 shares from a dividend reinvestment plan. She also holds stock options to acquire 10,000 Class A shares at an exercise price of $224.24 per share, expiring on May 25, 2033, vesting in 2,000-share increments each year over five years.
SBA Communications director Amy E. Wilson reported routine equity compensation activity. On May 1, 2026, a total of 881 restricted stock units were settled for an equal number of Class A Common shares at $0.00 per share. After these settlements, Wilson directly holds 1,068.759 Class A shares, including 19.061 shares acquired through a dividend reinvestment plan, and retains stock options for 10,000 shares at an exercise price of $224.24 expiring on May 25, 2033.
SBA Communications chairman and director Jeffrey Stoops reported routine equity compensation activity involving restricted stock units. On May 1, 2026, 302 and 331 of his restricted stock units were settled for an equal number of Class A Common Stock shares, reflecting derivative exercises rather than market purchases or sales. Following these transactions, he directly holds about 141,133.52 Class A Common Stock shares and continues to hold restricted stock units that vest in future years. Separately, 259,863 Class A Common Stock shares are owned indirectly through Calculated Risk Partners, L.P., a Delaware limited partnership, for which Stoops and his spouse control the general partner; he disclaims beneficial ownership of that stock except to the extent of his pecuniary interest.
SBA Communications reported Q1 2026 revenue of $703.4 million, up from $664.2 million a year earlier, driven mainly by international site leasing growth after acquiring over 7,000 towers, including sites from the Millicom transaction.
Net income was $184.9 million versus $217.9 million in Q1 2025, with diluted EPS of $1.74 compared with $2.04, as higher interest expense and lower gains on intercompany loan remeasurement weighed on profits. Adjusted EBITDA rose to $475.4 million from $457.3 million. The company ended the quarter with total assets of $11.7 billion, total debt of $13.0 billion, and generated operating cash flow of $255.1 million, funding $192.2 million of capital spending and a quarterly dividend of $1.25 per share.
Vanguard Capital Management reported beneficial ownership of 8,036,247 shares of SBA Communications Corp common stock, representing 7.59% of the class as of 03/31/2026. The filing shows sole voting power for 1,111,286 shares and sole dispositive power for 8,036,247 shares. The Schedule 13G states these holdings reflect securities managed across Vanguard affiliates and funds. The form is signed by Ashley Grim as Head of Global Fund Administration on 04/30/2026.
SBA Communications Corporation reported mixed first quarter 2026 results and raised its full-year outlook. Total revenues were $703.4 million, up from $664.2 million, driven by site leasing revenue of $656.1 million, a 6.5% increase over 2025. Net income declined to $184.9 million from $217.9 million, with diluted EPS falling to $1.74 from $2.04, while Adjusted EBITDA rose to $475.4 million from $457.3 million. AFFO decreased to $321.7 million from $343.9 million, with AFFO per share at $3.03 versus $3.18. The company now expects full-year 2026 total revenues of $2.839–$2.884 billion and AFFO per share of $11.93–$12.38. The board declared a quarterly cash dividend of $1.25 per share, payable June 17, 2026 to shareholders of record on May 22, 2026.
SBA Communications Corp had 9,718,908 shares beneficially owned by Vanguard Portfolio Management, equal to 9.18% of common stock as reported with an as-of date of 03/31/2026. The filing states Vanguard entities exercise dispositive power over these shares while voting power is limited to 12,812 shares.
The Schedule 13G includes a disclosure that the position reflects holdings across Vanguard Portfolio Management LLC and certain affiliates, including Vanguard Fiduciary Trust Company and Vanguard Global Advisers, LLC.
SBA Communications director Mary S. Chan exercised stock options for 1,501 shares of Class A Common Stock at $212.31 per share. This converted fully vested options into common stock.
To cover tax obligations, 1,453 of those shares were withheld at $223.75 per share, leaving Chan with 5,866.5105 Class A shares held directly. She also holds several restricted stock unit awards, each representing one share of Class A Common Stock upon vesting, with remaining underlying amounts of 248, 604 and 994 shares that vest on various schedules through May 1, 2028.