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.
The SBA Communications Corporation (NASDAQ: SBAC) SEC filings page on Stock Titan provides access to the company’s regulatory disclosures as filed with the U.S. Securities and Exchange Commission. SBA Communications is a Florida-incorporated real estate investment trust that owns and leases wireless communications infrastructure, and its filings offer detailed insight into this tower and site leasing business.
Key documents for SBAC include Form 10-K annual reports, which describe the company’s overall business, risk factors, and financial statements, and Form 10-Q quarterly reports, which update investors on site leasing revenue, site development revenue, tower cash flow, Adjusted EBITDA, and Adjusted Funds From Operations (AFFO). These filings also provide segment information for domestic and international site leasing and discuss capital expenditures, acquisitions of communication sites, and asset sales.
SBA Communications also files Form 8-K current reports to announce material events. Recent 8-K filings have furnished press releases with quarterly financial and operational results, updated full-year guidance, and quarterly dividend declarations. These 8-Ks confirm the company’s NASDAQ Global Select Market listing under the symbol SBAC and its status as a Florida corporation.
Investors interested in capital structure and leverage can use SEC filings to review SBA Communications’ total debt, net debt to Annualized Adjusted EBITDA leverage ratios, and information about its revolving credit facility. Filings also describe stock repurchase activity and dividend payments on the company’s Class A common stock.
On Stock Titan, SBA Communications’ SEC filings are supplemented with AI-powered summaries that highlight the most important points from lengthy documents. These summaries help explain complex sections of 10-Ks, 10-Qs, and 8-Ks in plain language, allowing readers to quickly understand changes in site leasing performance, portfolio activity, guidance, and capital allocation without reading every page of the original filing.
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.
SBA Communications Corporation is asking shareholders to vote on three items at its 2026 Annual Meeting: electing directors Steven E. Bernstein, Laurie Bowen and Amy E. Wilson to three‑year terms, an advisory approval of named executive officer pay, and ratification of Ernst & Young LLP as independent auditor for the 2026 fiscal year. The Board recommends a “FOR” vote on all three.
The proxy highlights 2025 performance, including deployment of over $2.3 billion of capital across portfolio expansion, dividend growth and share repurchases, and $1.9 billion in Adjusted EBITDA despite customer churn and foreign currency headwinds. SBA completed the Millicom International tower transaction in Central America, exited subscale markets in Colombia and Canada, repurchased $500 million of stock, and obtained investment‑grade ratings from two agencies.
The Board emphasizes strong governance: a classified ten‑member board with a non‑executive chair, a Lead Independent Director, fully independent Audit, Compensation, and Nominating and Corporate Governance Committees, and formal succession planning. Three independent directors have joined since 2022, and 37.5% of independent directors were newly elected in that timeframe. The company reports no material cybersecurity breaches over the past three years and outlines detailed cyber and risk oversight processes.
Executive pay is described as heavily performance‑ and equity‑based. For 2025, the CEO’s long‑term equity awards were 60% three‑year performance‑based RSUs and 40% time‑based RSUs; other executives received 50% performance‑based and 50% time‑based RSUs. The company maintains long‑standing “no‑fault” clawback policies, prohibits hedging and short sales by insiders, and ties incentive metrics to financial and operational goals intended to support long‑term shareholder value.
SBA Communications Corporation announced that Mark Ciarfella, its Executive Vice President of U.S. Operations, has notified the company of his intent to retire from his current title and roles effective December 31, 2026. He will remain with the company as a non-executive employee through March 7, 2027 to support the transition of his responsibilities. This extended timetable is designed to provide continuity in U.S. operations leadership while the company manages succession and handover.
SBA Communications Corp ownership filing: The Vanguard Group filed Amendment No. 13 to a Schedule 13G/A reporting 0 shares beneficially owned and 0% of the class. The filing explains an internal realignment effective January 12, 2026 that disaggregated certain Vanguard subsidiaries’ holdings.
The filing is signed by Ashley Grim, Head of Global Fund Administration, dated 03/27/2026. It states Vanguard and its managed accounts have rights to dividends/proceeds for reported securities but that no single other person holds more than 5% of the class.
SBA Communications president and CEO Brendan Thomas Cavanagh reported multiple equity award grants, vesting events, and related share dispositions. On March 5, 2026 he received 16,859 restricted stock units and 25,289 performance restricted stock units, each representing a contingent right to one share of Class A Common Stock.
On March 6, 2026 previously granted restricted stock units and performance restricted stock units vested, including PSUs awarded on March 6, 2023 that vested at 200% of target, making 8,670 shares of Class A Common Stock issuable. Several blocks of Class A Common Stock were disposed of at $195.69 per share to satisfy tax liabilities through share withholding, while Cavanagh’s direct Class A holdings changed through exercises and these tax-related dispositions.
The filing also notes additional indirect Class A holdings through Cavanagh Investments, LLC and Eagle SC LLC, with ownership interests held via family trusts and related entities.
SBA Communications EVP – Operations Mark R. Ciarfella reported multiple equity-compensation transactions in company securities. On March 5, 2026, he received grants of 6,717 restricted stock units and 6,716 performance restricted stock units, each representing a contingent right to one share of Class A Common Stock, with multi-year vesting and performance conditions.
On March 6, 2026, previously awarded restricted stock units and performance restricted stock units vested, including 2,144 performance units granted in 2023 that vested at 200% of target, making 4,288 shares of Class A Common Stock issuable. Several Class A Common Stock transactions coded “F” reflect shares delivered at $195.69 per share to cover exercise price or tax liabilities, and his direct Class A Common Stock holdings after these transactions were 42,820.9871 shares.