Derivative exercise or conversion — not an open-market buy.
Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell
View the official recordSEC Form 4 — Statement of Changes in Beneficial OwnershipAll the details
Dates, kept separate
Transaction date
Mar 6, 2026
Reporting period
Not applicable
Filed with the SEC
Mar 9, 2026
CEOOption exercise
Context
Classification
option exercise
Code M — exercise or conversion of a derivative security
Planned / mechanical clue
Footnote references vesting of compensation awards
Only flagged when a footnote says so; never inferred
Source receipt
Record ID
0001293293-26-000004
Filed / recorded
Mar 9, 2026, 10:30 PM UTC
Added to OQRO
Oct 2, 2026, 12:28 PM UTC
Parser
form4-xml-v1
Data quality
Verified: identifiers matched exactly
Issuer
SBA COMMUNICATIONS CORP
Issuer CIK
1034054
Ticker
SBAC
Reporting person
Brendan Thomas Cavanagh
Relationship
Director, Officer
Officer title
PRESIDENT AND CEO
Security
Performance Restricted Stock Units
Table
Derivative (Table II)
Transaction date
Mar 6, 2026
Transaction code
M
Shares / units
4,335
Price per share
$0.00
Acquired / disposed
Disposed (D)
Shares owned after
0
Ownership form
Direct
Amendment
No
Footnotes from the filing
Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
As previously reported on a Form 4, the Reporting Person was awarded 4,335 performance restricted stock units (PSUs) on March 6, 2023 which were subject to increase or decrease based on the results of the performance condition. On March 6, 2026, these PSUs vested at 200% of target based on the results of the performance condition, such that 8,670 shares of Class A Common Stock became issuable to the Reporting Person.
These performance restricted 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.