SBA Communications (SBAC) CFO logs RSU grants, tax withholding trades
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SBA Communications executive vice president and chief financial officer Marc Montagner reported several equity award transactions. On March 6, 2026, he acquired Class A Common Stock through exercises of restricted stock units and disposed of shares to cover tax liabilities at a reported price of $195.69 per share. Earlier, on March 5, 2026, he received grants of 8,561 restricted stock units and 8,561 performance restricted stock units, each representing the right to receive one Class A share, with multi‑year vesting and performance conditions that can adjust the number earned up to 200%.
Positive
- None.
Negative
- None.
Insider Trade Summary
4,523 shares exercised/converted
Mixed
11 txns
Insider
Montagner Marc
Role
EVP - CHIEF FINANCIAL OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,072 | $0.00 | -- |
| Exercise | Restricted Stock Units | 2,451 | $0.00 | -- |
| Exercise | Class A Common Stock | 2,072 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 815.332 | $195.69 | $160K |
| Exercise | Class A Common Stock | 2,451 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 978.786 | $195.69 | $192K |
| Grant/Award | Restricted Stock Units | 8,561 | $0.00 | -- |
| Grant/Award | Perfomance Restricted Stock Units | 8,561 | $0.00 | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Performance Restricted Stock Units | -- | -- | -- |
| holding | Performance Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 2,072 shares (Direct);
Class A Common Stock — 5,411.626 shares (Direct);
Perfomance Restricted Stock Units — 8,561 shares (Direct);
Performance Restricted Stock Units — 6,215 shares (Direct)
Footnotes (1)
- Includes 19.176 shares acquired through a dividend reinvestment plan. Shares withheld for payment of tax liability. 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: 1,588 vested on each of the first and second anniversaries and 1,588 vests on the third anniversary of the grant date (October 17, 2023). 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). Each performance restricted stock unit represents a contingent right to received one share of Class A Common Stock. 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. 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 vest on the third anniversary of the grant date (March 6, 2025). 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. 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). 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.
FAQ
What insider transactions did SBA Communications (SBAC) CFO Marc Montagner report?
Marc Montagner reported equity award activity, including exercises of restricted stock units into Class A Common Stock and share dispositions to cover tax liabilities, plus new grants of 8,561 restricted stock units and 8,561 performance restricted stock units with multi-year vesting and performance-based conditions that can adjust amounts earned.
What restricted stock unit grants did the SBA Communications (SBAC) CFO receive?
On March 5, 2026, the CFO received 8,561 restricted stock units and 8,561 performance restricted stock units. Each unit represents a contingent right to one Class A Common share, with time-based vesting schedules and performance conditions that can reduce or increase earned shares up to 200% based on results.
How do SBA Communications (SBAC) performance restricted stock units for the CFO vest?
The performance restricted stock units are earned based on SBA Communications’ performance on three financial metrics over a three-year period. Once earned, they vest on scheduled dates in 2027, 2028, or 2029, and the number of shares earned can decrease or increase up to 200% depending on performance.