BEEBE KEVIN L 4
4 · SBA COMMUNICATIONS CORP · Filed May 5, 2026
Research Summary
AI-generated summary of this filing
SBA Communications (SBAC) Director Kevin Beebe Receives 881 Shares via RSUs
What Happened
Kevin L. Beebe, a director of SBA Communications Corp. (SBAC), had restricted stock units (RSUs) that vested and settled on May 1, 2026, resulting in the acquisition of 881 shares of Class A common stock (248 + 302 + 331). The filing shows these were conversions/settlements of derivative awards (Form 4 code M). No cash price is reported for the shares (N/A), and the transaction appears to be a routine equity award settlement rather than an open-market purchase or sale.
Key Details
- Transaction date: May 1, 2026; Form 4 filed May 5, 2026 (timely—filed within the 2 business‑day deadline).
- Shares received: 248, 302, and 331 in three separate RSU settlements, totaling 881 shares. Reported price: N/A (stock-settled RSUs).
- Shares owned after the transaction: Not specified in the filing.
- Notable footnotes:
- F1–F3: Each listed RSU tranche was settled for an equal number of Class A shares on May 1, 2026.
- F5: Each RSU equals a contingent right to one share of Class A common stock.
- F6–F8: Vesting schedules for the tranches (shows prior and future vesting dates for related grants).
- F4: Filing notes the reporting person also holds fully vested/exercisable stock options (separate from these RSU settlements).
- Filing does not indicate sales, tax-withholding share retentions, a 10b5-1 plan, or other dispositions tied to these settlements.
Context
- This was a settlement of previously awarded RSUs (compensation/retention), which is generally routine and not a directional trade signal. The Form entries show the derivative units were converted into shares (hence both "acquired" and "disposed" derivative lines), meaning the RSU rights ceased and underlying stock was issued.
- No immediate sale of the newly issued shares is shown in this filing, and no cashless exercise or proceeds are reported.
Insider Transaction Report
Form 4
BEEBE KEVIN L
Director
Transactions
- Exercise/Conversion
Class A Common Stock
[F1]2026-05-01+248→ 16,002.119 total - Exercise/Conversion
Class A Common Stock
[F2]2026-05-01+302→ 16,304.119 total - Exercise/Conversion
Class A Common Stock
[F3]2026-05-01+331→ 16,635.119 total - Exercise/Conversion
Restricted Stock Units
[F5][F1][F6]2026-05-01−248→ 0 total→ Class A Common Stock (248 underlying) - Exercise/Conversion
Restricted Stock Units
[F5][F2][F7]2026-05-01−302→ 302 total→ Class A Common Stock (302 underlying) - Exercise/Conversion
Restricted Stock Unit
[F5][F3][F8]2026-05-01−331→ 663 total→ Class A Common Stock (331 underlying)
Holdings
- 1,501
Stock Options (Right to Buy)
[F4]Exercise: $212.31Exp: 2026-05-16→ Class A Common Stock (1,501 underlying)
Footnotes (8)
- [F1]On May 1, 2026, 248 of the Reporting Person's restricted stock units were settled for an equal number of Class A Common Stock.
- [F2]On May 1, 2026, 302 of the Reporting Person's restricted stock units were settled for an equal number of Class A Common Stock.
- [F3]On May 1, 2026, 331 of the Reporting Person's restricted stock units were settled for an equal number of Class A Common Stock.
- [F4]These stock options are fully vested and exercisable.
- [F5]Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
- [F6]These restricted stock units vest in accordance with the following schedule: 247 vested on May 1, 2024; 248 vested on May 1, 2025; and 248 vested on May 1, 2026.
- [F7]These restricted stock units vest in accordance with the following schedule: 302 vested on May 1, 2025; 302 vested on May 1, 2026; and 302 vest on May 1, 2027.
- [F8]These restricted stock units vest in accordance with the following schedule: 331 vested on May 1, 2026; 331 vest on May 1, 2027; and 332 vest on May 1, 2028.
Signature
/s/ Joshua Westerman, as Attorney-in-Fact|2026-05-05