Form 4: SBA Communications Director Amy E. Wilson Reports Stock Transactions
SEC Form 4
Director Amy E. Wilson reports acquisition of restricted stock units and disposal of Class A Common Stock.
Summary
- Amy E. Wilson, a director of SBA Communications Corp, filed a Form 4 detailing changes in beneficial ownership.
- The report indicates the disposal of 247 shares of Class A Common Stock.
- Wilson also acquired 906 restricted stock units on May 23, 2024, which convert to Class A Common Stock.
- These restricted stock units vest in three tranches: 302 on May 1, 2025, 302 on May 1, 2026, and 302 on May 1, 2027.
- Wilson directly owns 10,000 stock options with an exercise price of $224.24, vesting annually from May 25, 2023, to May 25, 2027.
- She also directly owns 496 restricted stock units vesting on May 1, 2025 and May 1, 2026.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating neutral sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the transactions of a company director.
Key Dates
| Date | Description |
|---|---|
| 05/25/2023 | Grant date for stock options, vesting annually for five years. |
| 05/01/2024 | 247 restricted stock units vested. |
| 05/23/2024 | Date of transaction for acquisition of 906 restricted stock units. |
| 05/28/2024 | Date of Form 4 filing. |
| 05/01/2025 | 302 restricted stock units vest. |
| 05/25/2025 | 2,000 stock options vest. |
| 05/01/2026 | 302 restricted stock units vest. |
| 05/25/2026 | 2,000 stock options vest. |
| 05/01/2027 | 302 restricted stock units vest. |
| 05/25/2027 | 2,000 stock options vest. |
| 05/25/2033 | Expiration date for stock options. |
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