Form 4: SBA Communications Director Kevin L. Beebe Reports Stock Transactions
SEC Form 4
Director Kevin L. Beebe reports acquisition and disposal of SBA Communications Corp stock and stock options.
Summary
- On May 3, 2024, Kevin L. Beebe, a director of SBA Communications Corp, reported transactions involving Class A Common Stock.
- Beebe acquired 1,977 shares of Class A Common Stock at $132 per share through the exercise of stock options.
- He also disposed of 1,347 shares to cover the exercise price at $193.87 per share.
- Following these transactions, Beebe directly owns 14,572.119 shares of Class A Common Stock.
- Beebe also holds stock options for 4,413 shares and restricted stock units for 671 shares.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions by a company director. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the trading activities of company directors. It is a standard practice for publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a company director.
- The impact on employees, customers, suppliers, and creditors is likely negligible.
Key Dates
| Date | Description |
|---|---|
| 05/01/2023 | 175 Restricted Stock Units vested |
| 05/03/2024 | Date of stock and options transaction |
| 05/01/2024 | 175 and 247 Restricted Stock Units vested |
| 05/18/2024 | Expiration date for stock options to purchase 1,977 shares at $132 |
| 05/17/2025 | Expiration date for stock options to purchase 1,411 shares at $157.51 |
| 05/01/2025 | 175 and 248 Restricted Stock Units vest |
| 05/16/2026 | Expiration date for stock options to purchase 1,501 shares at $212.31 |
| 05/01/2026 | 248 Restricted Stock Units vest |
| 05/07/2024 | Date of Form 4 filing |
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