SBA Communications (SBAC) EVP exercises 9,121 options and withholds shares
Rhea-AI Filing Summary
SBA Communications executive Joshua Koenig, Executive VP and General Counsel, exercised stock options for 9,121 shares of Class A Common Stock at an exercise price of $182.30 per share on January 20, 2026. The option exercise (code M) converted his derivative position into common stock, after which he held 14,682.735 shares directly.
On the same date, 8,800 shares of Class A Common Stock (code F) were withheld at $194.11 per share to cover tax liability and the exercise price, leaving him with 5,882.735 directly owned shares.
Koenig also holds several equity incentive awards, including 655 restricted stock units from 2023 and additional RSU and performance RSU grants of 1,965 to 5,760 shares each. These vest between March 6, 2026 and March 6, 2028, with performance-based units earning between 0% and up to 200% of target based on multi-year financial performance metrics.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options (Right to Buy) | 9,121 | $0.00 | -- |
| Exercise | Class A Common Stock | 9,121 | $182.30 | $1.66M |
| Tax Withholding | Class A Common Stock | 8,800 | $194.11 | $1.71M |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Performance Restricted Stock Units | -- | -- | -- |
| holding | Performance Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Performance Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Performance Restricted Stock Units | -- | -- | -- |
Footnotes (1)
- Shares withheld for payment of tax liability and exercise price. These options are fully vested and immediately exercisable. 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: 655 vest on the first through third anniversaries of the grant date (March 6,2023). Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock. These performance stock units have a three-year performance period and to the extent earned vest on March 6, 2026. The number of shares of Class A Common Stock that will be earned is subject to increase or decrease based on the results of the performance condition. These performance stock units have a three-year performance period and to the extent earned vest on March 6, 2026. The number of shares of Class A Common Stock that will be earned is subject to increase or decrease based on the results of the performance condition. These restricted stock units vest in accordance with the following schedule: 1,480 vest on the first through third anniversaries of the grant date (March 6, 2024). 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: 1,920 vest on the first through third anniversaries 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.
