Key facts
- This page summarizes Brendan Thomas Cavanagh's Form 4 filing for SBA COMMUNICATIONS CORP (SBAC).
- 15 reported transactions and 9 derivative rows are listed below.
- Accepted by SEC: 09 Mar 2026, 18:30.
Brendan Thomas Cavanagh - 05 Mar 2026 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)
- Reporting relationship
- PRESIDENT AND CEO, Director
- Issuer ticker
- SBAC
- Reported as of
- 05 Mar 2026
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 09 Mar 2026, 18:30:22 UTC
- Prior SEC filing
- 22 Jan 2026
- Next SEC filing
- 20 May 2026
- Source filing
- View source filing
- Reporting owner signature
- /s/ Joshua Westerman, Attorney-in-Fact
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Brendan Thomas Cavanagh filed Form 4 for SBA COMMUNICATIONS CORP (SBAC) on 09 Mar 2026.
Change
- Previous filing in this sequence was filed on 22 Jan 2026.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reporting Owners (1)
CIK 0001293293
Primary reporting owner
Cavanagh Brendan Thomas
- Relationship
- PRESIDENT AND CEO, Director
- Address
- C/O SBA COMMUNICATIONS CORPORATION, 8051 CONGRESS AVENUE, BOCA RATON
- Signature
- /s/ Joshua Westerman, Attorney-in-Fact
- Signature date
- 09 Mar 2026
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
SBAC
transaction
Class A Common Stock
Options Exercise
- Transaction value
- Shares
- +1,445
- Change %
- +2.8%
- Price
- $0.000000*
- Shares after
- 53,386
- Date
- 06 Mar 2026
- Ownership
- Direct
SBAC
transaction
Class A Common Stock
Tax liability
- Transaction value
- Shares
- -569
- Change %
- -1.1%
- Price
- $195.69*
- Shares after
- 52,818
- Date
- 06 Mar 2026
- Ownership
- Direct
- Footnotes
- F1
SBAC
transaction
Class A Common Stock
Options Exercise
- Transaction value
- Shares
- +8,670
- Change %
- +16%
- Price
- $0.000000*
- Shares after
- 61,488
- Date
- 06 Mar 2026
- Ownership
- Direct
- Footnotes
- F2
SBAC
transaction
Class A Common Stock
Tax liability
- Transaction value
- Shares
- -3,145
- Change %
- -5.1%
- Price
- $195.69*
- Shares after
- 58,343
- Date
- 06 Mar 2026
- Ownership
- Direct
- Footnotes
- F1
SBAC
transaction
Class A Common Stock
Options Exercise
- Transaction value
- Shares
- +3,966
- Change %
- +6.8%
- Price
- $0.000000*
- Shares after
- 62,309
- Date
- 06 Mar 2026
- Ownership
- Direct
SBAC
transaction
Class A Common Stock
Tax liability
- Transaction value
- Shares
- -1,561
- Change %
- -2.5%
- Price
- $195.69*
- Shares after
- 60,748
- Date
- 06 Mar 2026
- Ownership
- Direct
- Footnotes
- F1
SBAC
transaction
Class A Common Stock
Options Exercise
- Transaction value
- Shares
- +5,003
- Change %
- +8.2%
- Price
- $0.000000*
- Shares after
- 65,751
- Date
- 06 Mar 2026
- Ownership
- Direct
SBAC
transaction
Class A Common Stock
Tax liability
- Transaction value
- Shares
- -1,969
- Change %
- -3%
- Price
- $195.69*
- Shares after
- 63,782
- Date
- 06 Mar 2026
- Ownership
- Direct
- Footnotes
- F1
SBAC
holding
Class A Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 19,055
- Date
- 05 Mar 2026
- Ownership
- By LLC
- Footnotes
- F3
SBAC
holding
Class A Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 14,254
- Date
- 05 Mar 2026
- Ownership
- By LLC
- Footnotes
- F4
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
SBAC
transaction
Derivative
Restricted Stock Units
Options Exercise
- Transaction value
- Shares
- -1,445
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 06 Mar 2026
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 1,445
- Exercise price
- Footnotes
- F5, F6
SBAC
transaction
Derivative
Performance Restricted Stock Units
Options Exercise
- Transaction value
- Shares
- -4,335
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 06 Mar 2026
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 4,335
- Exercise price
- Footnotes
- F2, F7, F8
SBAC
transaction
Derivative
Performance Restricted Stock Units
Disposed to Issuer
- Transaction value
- Shares
- -4,335
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 06 Mar 2026
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 4,335
- Exercise price
- Footnotes
- F7, F9, F10
SBAC
transaction
Derivative
Restricted Stock Units
Options Exercise
- Transaction value
- Shares
- -3,966
- Change %
- -50%
- Price
- $0.000000*
- Shares after
- 3,966
- Date
- 06 Mar 2026
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 3,966
- Exercise price
- Footnotes
- F5, F11
SBAC
transaction
Derivative
Restricted Stock Units
Options Exercise
- Transaction value
- Shares
- -5,003
- Change %
- -33%
- Price
- $0.000000*
- Shares after
- 10,008
- Date
- 06 Mar 2026
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 5,003
- Exercise price
- Footnotes
- F5, F13
SBAC
transaction
Derivative
Restricted Stock Units
Award
- Transaction value
- Shares
- +16,859
- Change %
- Price
- $0.000000*
- Shares after
- 16,859
- Date
- 05 Mar 2026
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 16,859
- Exercise price
- Footnotes
- F5, F15
SBAC
transaction
Derivative
Performance Restricted Stock Units
Award
- Transaction value
- Shares
- +25,289
- Change %
- Price
- $0.000000*
- Shares after
- 25,289
- Date
- 05 Mar 2026
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 25,289
- Exercise price
- Footnotes
- F7, F16
SBAC
holding
Derivative
Performance Restricted Stock Units
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 17,846
- Date
- 05 Mar 2026
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 17,846
- Exercise price
- Footnotes
- F7, F12
SBAC
holding
Derivative
Performance Restricted Stock Units
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 22,516
- Date
- 05 Mar 2026
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 22,516
- Exercise price
- Footnotes
- F7, F14
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 16 footnotes
Footnote F1
Shares withheld for payment of tax liability.
Footnote F2
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.
Footnote F3
These shares are owned by Cavanagh Investments, LLC. The Reporting Person is the manager of Cavanagh Investments, LLC and a trust for the benefit of the Reporting Person's spouse owns all of the equity interests in Cavanagh Investments, LLC. The Reporting Person disclaims beneficial ownership of the shares owned by Cavanagh Investments, LLC, except to the extent of his pecuniary interest therein.
Footnote F4
These shares are owned by Eagle SC LLC. The Reporting Person's spouse is the manager of Eagle SC LLC and a trust for the benefit of the Reporting Person owns 95.646% of Eagle SC LLC, and the Reporting Person is the trustee of the trust.
Footnote F5
Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
Footnote F6
These restricted stock units units vest in accordance with the following schedule: 1,445 vested on the first through third anniversaries of the grant date (March 6, 2023).
Footnote F7
Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
Footnote F8
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.
Footnote F9
The PSUs previously reported as acquired by the reporting person were forfeited because the minimum performance criteria required for vesting was not met.
Footnote F10
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.
Footnote F11
These restricted stock units vest in accordance with the following schedule: 3,966 vested on the first and second anniversaries and 3,966 vest on the third anniversary of the grant date (March 6, 2024).
Footnote F12
These performance restricted stock units will be earned based upon the Issuer's performance on each of three different financial metrics during the three-year performance period. Once earned, the performance restricted stock units will vest on March 6, 2027. The number of shares of Class A Common Stock that will be earned is subject to decrease or increase (up to 200%) based on the results of the performance conditions.
Footnote F13
These restricted stock units vest in accordance with the following schedule: 5,003 vested on the first anniversary of the grant date and 5,004 vest on the second and third anniversaries of the grant dare (March 6, 2025).
Footnote F14
These performance restricted stock units will be earned based upon the Issuer's performance on each of three different financial metrics during the three-year performance period. Once earned, the performance restricted stock units will vest on March 6, 2028. The number of shares of Class A Common Stock that will be earned is subject to decrease or increase (up to 200%) based on the results of the performance conditions.
Footnote F15
These restricted stock units vests in accordance with the following schedule: 5,619 vest on the first anniversary and 5,620 vest on the second through third anniversaries of the grant date (March 5, 2026).
Footnote F16
These performance restricted stock units will be earned based upon the Issuer's performance on each of three different financial metrics during the three-year performance period. Once earned, the performance restricted stock units will vest on March 5, 2029. The number of shares of Class A Common Stock that will be earned is subject to decrease or increase (up to 200%) based on the results of the performance conditions.