Insider trade

Officer exercised or converted 809 SBAC derivative securities

Traded Mar 6, 2026 · Filed Mar 9, 2026

SBA CommunicationsSBAC

809
Derivative units

Why it stands out

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 Ownership

All the details

Dates, kept separate

Transaction date: Mar 6, 2026
Reporting period: Not applicable
Filed with the SEC: Mar 9, 2026

OfficerOption 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: 0002031697-26-000004

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

Donald Day

Relationship

Officer

Officer title

EVP - SITE LEASING

Security

Performance Restricted Stock Units

Table

Derivative (Table II)

Transaction date

Mar 6, 2026

Transaction code

M

Shares / units

809

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 809 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 1618 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 will vest on March 6, 2026. The number of shares of Class A Common Stock that will be earned is subject to increase (up to 200%) or decrease based on the results of the performance condition.