SBAC EVP Donald Day Exercises RSUs; 171 Shares Withheld for Taxes

What Happened

• Donald Day, EVP – Site Leasing at SBA Communications (SBAC), had 457 restricted stock units (RSUs)/derivatives convert into 457 shares on August 1, 2026. Of those shares, 170.689 were withheld to satisfy tax withholding obligations, valued at $180.98 per share for a total tax-withholding amount of $30,891. The underlying derivative award was settled/converted as part of this transaction.
• This was not an open‑market purchase — it was the settlement/vesting/conversion of equity awards with a routine share-withholding to cover taxes.

Key Details

• Transaction date: 2026-08-01; Filing date: 2026-08-04.
• Conversion/acquisition: 457 shares acquired at $0.00 per share (derivative conversion/vesting).
• Tax withholding/disposition: 170.689 shares disposed at $180.98 per share, total = $30,891.
• Net shares delivered to insider: 457 − 170.689 = 286.311 shares (as reflected by the record; fractional-share treatment may vary).
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Relevant footnotes:
  • F1: Shares were withheld to pay the tax liability.
  • F6 (related): These restricted stock units vest per a scheduled vesting (grant date Aug 1, 2024), explaining the conversion.
• Filing timeliness: No late‑filing flag provided in the excerpt.

Context

• This is effectively a settlement/vesting event with a net settlement (shares withheld to cover taxes), commonly seen with RSU or performance‑unit payouts. It is routine and does not by itself indicate a buy or sell decision on the open market.
• For retail investors, note the economic impact: the company issued shares to the insider, and a portion was immediately used to pay taxes rather than sold in the open market.