Transaction #2617 · Form 4 · 0001456823-25-000006
SBA COMMUNICATIONS CORP · Exercise / conversion · Class A Common Stock
SBA COMMUNICATIONS CORP · Transacted October 17, 2025 · Filed October 27, 2025
What does this filing report?
An SEC Form 4 filing for SBA COMMUNICATIONS CORP records an exercise / conversion involving Class A Common Stock on October 17, 2025. The reported quantity was 1,588. The filing date is October 27, 2025. This is one transaction record; amounts are not allocated among any joint reporting owners.
The acquisition category describes how securities were received. It does not by itself establish a cash purchase of common stock. Read the transaction code definitionsand the original filing before interpreting the amounts.
Transaction details
- Company
- SBA COMMUNICATIONS CORP
- Company CIK
- 0001034054
- Security type
- Non-derivative
- Acquisition type
- Exercise / conversion · Code M
- Quantity acquired
- 1,588
- Reported price
- 0
- Reference value
- 0
- Currency
- Currency not specified
- Ownership
- Direct
- Holdings after transaction
- 3,945.328
- Ownership description
- Not reported
- SEC acceptance time
- Oct 27, 2025, 6:39 PM EDT
- 10b5-1 indication
- Not indicated
Reference value is reported quantity × reported price. It is not a confirmed cash payment or an estimate of a derivative's economic value. A missing currency is not assumed to be USD.
Reporting owners
- Montagner Marc ↗
EVP - CHIEF FINANCIAL OFFICER
CIK 0001456823
These are the reporting owners named in the filing. Quantities and amounts are not allocated among co-reporters. Roles reflect this filing, not a current profile.
Company listings
This transaction is not mapped to a specific company listing.
Filing footnotes & remarks
- F1
- Includes 36.401 shares acquired through a dividend reinvestment plan.
- F2
- Shares withheld for payment of tax liability.
- F3
- Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
- F4
- 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).
- F5
- These restricted stock units vest in accordance with the following schedule: 2,071 vested on the first anniversary and 2,072 vest on the second and third anniversaries of the grant date (March 6, 2024).
- F6
- Each performance restricted stock unit represents a contingent right to received one share of Class A Common Stock.
- F7
- 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.
- F8
- These restricted stock units vest in accordance with the following schedule: 2,451 vest on the first and second anniversaries and 2,452 vest on the third anniversary of the grant date (March 6, 2025).
- F9
- 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.
Footnotes are reproduced as plain text from the current source filing. For the full context, read the original SEC filing.
This record was updated Eastern Time. This is the stored record update time, not the transaction date. Report a correction.