SBA Communications CFO Settles RSUs with Routine Tax Withholding
SBA COMMUNICATIONS CORP
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Filing Summary
# SEC Form 4: SBA COMMUNICATIONS CORP (SBAC)
**Insider:** Montagner Marc (EVP - CHIEF FINANCIAL OFFICER)
**Date of Transaction:** 2026-10-17
**Filing Date:** 2026-10-20
### Summary
- **Acquired:** 1,588 shares via RSU vesting (Price: $0.00)
- **Withheld for Taxes:** 624.878 shares at $187.06 ($116,889.68)
- **Net Addition:** 963.122 shares
- **Post-Transaction Holdings:** 7,159.073 shares
- **Trading Significance:** Low (Routine RSU settlement)
Comprehensive Analysis
Executive Summary
On October 20, 2026, Marc Montagner, EVP and Chief Financial Officer of SBA Communications Corp (NASDAQ: SBAC), filed a Form 4 disclosing equity award settlement activity from October 17, 2026. The transaction involved the vesting of 1,588 Restricted Stock Units (RSUs) and the concurrent surrender of 624.878 shares of Class A Common Stock at $187.06 per share to cover statutory tax withholding obligations.
Transaction Breakdown
- RSU Settlement (Code M): 1,588 RSUs granted on October 17, 2023, vested into 1,588 shares of Class A Common Stock at zero cost.
- Tax Withholding Disposition (Code F): 624.878 shares were automatically withheld by the company to satisfy statutory tax obligations at a fair market value of $187.06 per share, representing an aggregate withholding value of approximately $116,889.68.
- Net Ownership Change: Mr. Montagner's direct beneficial ownership increased on net by 963.122 shares, bringing his total direct holdings to 7,159.073 shares of Class A Common Stock (which includes 127.443 shares acquired via dividend reinvestment).
Market and Insider Context
This filing reflects a scheduled, non-discretionary vesting and tax withholding event rather than an open-market trade. Consequently, it carries low trading significance and provides no directional signal regarding executive sentiment or business performance.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
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