SBAC Insider Trading
SBA COMMUNICATIONS CORP | Real Estate Investment Trusts
Comprehensive Trading Performance Summary
The investment history of corporate insiders at SBA COMMUNICATIONS CORP provides a unique lens into the internal conviction of the company's leadership. By analyzing SEC Form 4 filings, investors can track how directors and officers are allocating their own capital. High-conviction buying often signals that management believes the current market price significantly undervalues future growth prospects, while strategic selling might occur for personal liquidity or portfolio diversification. Monitoring these shifts in ownership is essential for understanding the alignment between management and shareholders in the Real Estate Investment Trusts sector.
Transactions on Chart
Open Full Chart| Filing Date | Trade Date | Reporting Person | Relationship | Type | Price | Qty | Total, $ | Owned After | Change, % |
|---|---|---|---|---|---|---|---|---|---|
| 2008-04-04 02:08 | 2008-04-01 | HUNT THOMAS P | Officer - Sr. VP/Chief Admin. Officer/GC | SELL | $29.91 | 9,700 | $290,095 | 240,780 | -3.9% |
| 2008-04-04 01:47 | 2008-04-01 | Cavanagh Brendan Thomas | Officer - Chief Accounting Officer | SELL | $30.06 | 12,500 | $375,783 | 26,263 | -32.2% |
| 2008-04-04 01:40 | 2008-04-01 | Cavanagh Brendan Thomas | Officer - Chief Accounting Officer | SELL | $29.78 | 12,500 | $372,201 | 38,763 | -24.4% |
| 2007-12-28 00:56 | 2007-12-24 | MACAIONE ANTHONY J | Officer - Senior Vice President and CFO | SELL | $34.10 | 21,013 | $716,583 | 22,356 | -48.5% |
| 2007-12-05 00:38 | 2007-11-30 | NIELSEN STEVEN E | Director | SELL | $37.11 | 13,887 | $515,292 | 20,000 | -41.0% |
| 2007-12-05 00:33 | 2007-11-30 | NIELSEN STEVEN E | Director | OPT+S | $36.89 | 7,363 | $271,652 | 33,887 | 0.0% |
| 2007-11-07 04:27 | 2007-11-02 | BERNSTEIN STEVEN E | Director, Other | SELL | $37.69 | 204,200 | $7,696,706 | 440,142 | -31.7% |
| 2007-10-31 02:10 | 2007-10-26 | BERNSTEIN STEVEN E | Director, Other | SELL | $36.50 | 60,000 | $2,190,000 | 644,342 | -8.5% |
| 2007-10-04 01:47 | 2007-10-01 | BERNSTEIN STEVEN E | Director, Other | SELL | $36.00 | 20,000 | $720,000 | 704,342 | -2.8% |
| 2007-09-14 23:35 | 2007-09-12 | LANGER JACK | Director | OPT+S | $32.89 | 9,000 | $295,994 | 1,000 | 0.0% |
| 2007-09-06 01:32 | 2007-08-31 | MACAIONE ANTHONY J | Officer - Senior Vice President and CFO | OPT+S | $32.76 | 12,987 | $425,492 | 22,157 | 0.0% |
| 2007-09-05 02:44 | 2007-08-31 | Cavanagh Brendan Thomas | Officer - Chief Accounting Officer | OPT+S | $32.76 | 4,757 | $155,816 | 51,263 | 0.0% |
| 2007-08-22 03:12 | 2007-08-17 | STOOPS JEFFREY | Director, Officer - Chief Executive Officer & Pres | SELL | $29.70 | 200,000 | $5,940,000 | 831,551 | -19.4% |
| 2007-06-07 23:09 | 2007-06-05 | SILBERSTEIN JASON V | Officer - Vice President-Property Mgt | OPT+S | $32.80 | 35,001 | $1,148,033 | 23,143 | 0.0% |
| 2007-05-25 23:48 | 2007-05-23 | BAGWELL KURT L | Officer - Chief Operating Officer | OPT+S | $31.10 | 135,614 | $4,217,853 | 92,550 | 0.0% |
| 2007-05-19 02:59 | 2007-05-18 | Cavanagh Brendan Thomas | Officer - Chief Accounting Officer | OPT+S | $30.74 | 15,827 | $486,500 | 26,221 | 0.0% |
| 2007-03-10 00:28 | 2007-03-08 | COCROFT DUNCAN | Director | BUY | $27.27 | 10,000 | $272,740 | 10,000 | +100.0% |
| 2007-03-08 03:24 | 2007-03-06 | CARR BRIAN C | Director | BUY | $26.64 | 13,000 | $346,360 | 17,000 | +325.0% |
| 2006-12-19 02:22 | 2006-12-14 | Cavanagh Brendan Thomas | Officer - Chief Accounting Officer | OPT+S | $28.57 | 5,104 | $145,834 | 1,221 | 0.0% |
| 2006-12-13 01:24 | 2006-12-11 | MACAIONE ANTHONY J | Officer - Senior Vice President and CFO | OPT+S | $29.00 | 8,750 | $253,750 | 0 | 0.0% |
| 2006-12-13 01:24 | 2006-12-08 | NIELSEN STEVEN E | Director | OPT+S | $28.11 | 25,000 | $702,660 | 15,000 | 0.0% |
| 2006-12-02 01:12 | 2006-11-29 | MACAIONE ANTHONY J | Officer - Senior Vice President and CFO | OPT+S | $29.00 | 10,000 | $290,012 | 0 | 0.0% |
| 2006-11-28 01:08 | 2006-11-22 | BERNSTEIN STEVEN E | Director, Other | OPT+S | $29.00 | 41,250 | $1,196,250 | 724,342 | 0.0% |
| 2006-11-23 01:18 | 2006-11-20 | BERNSTEIN STEVEN E | Director, Other | OPT+S | $28.58 | 92,077 | $2,631,248 | 724,342 | 0.0% |
| 2006-11-17 02:16 | 2006-11-14 | BERNSTEIN STEVEN E | Director, Other | OPT+S | $28.25 | 28,059 | $792,667 | 724,342 | 0.0% |
| 2006-11-10 03:54 | 2006-11-07 | BERNSTEIN STEVEN E | Director, Other | SELL | $28.06 | 50,000 | $1,402,845 | 724,342 | -6.5% |
| 2006-11-10 03:53 | 2006-11-07 | SILBERSTEIN JASON V | Officer - Vice President-Property Mgt | OPT+S | $28.00 | 20,000 | $560,000 | 31,476 | 0.0% |
| 2006-10-17 01:16 | 2006-10-12 | BERNSTEIN STEVEN E | Director, Other | SELL | $27.63 | 100,000 | $2,762,500 | 774,342 | -11.4% |
| 2006-10-12 01:54 | 2006-10-06 | BERNSTEIN STEVEN E | Director, Other | SELL | $26.57 | 353,325 | $9,386,609 | 874,342 | -28.8% |
| 2006-09-02 01:56 | 2006-08-30 | BERNSTEIN STEVEN E | Director, Other | SELL | $25.70 | 246,675 | $6,338,585 | 1,227,667 | -16.7% |
| 2006-08-25 01:05 | 2006-08-22 | CARR BRIAN C | Director | OPT+S | $24.58 | 13,333 | $327,736 | 4,000 | 0.0% |
| 2006-07-06 00:38 | 2006-06-30 | SILBERSTEIN JASON V | Officer - Vice President-Property Mgt | OPT+S | $26.14 | 20,000 | $522,800 | 31,476 | 0.0% |
| 2006-06-01 21:27 | 2006-05-30 | AAT Holdings, LLC | 10% owner | SELL | $20.39 | 10,546,650 | $215,051,467 | 6,512,686 | -61.8% |
| 2006-05-25 00:13 | 2006-05-22 | HAWKINS PHILIP L | Director | BUY | $21.09 | 1,000 | $21,090 | 3,000 | +50.0% |
| 2006-03-22 02:35 | 2006-03-17 | BERNSTEIN STEVEN E | Director, Other | SELL | $23.00 | 100,000 | $2,300,000 | 2,271,530 | -4.2% |
| 2006-02-22 00:35 | 2006-02-16 | BERNSTEIN STEVEN E | Director, Other | SELL | $22.00 | 86,663 | $1,906,586 | 2,371,530 | -3.5% |
| 2006-02-02 01:42 | 2006-01-30 | BERNSTEIN STEVEN E | Director, Other | SELL | $21.12 | 113,337 | $2,393,417 | 2,458,193 | -4.4% |
| 2006-01-27 02:15 | 2006-01-24 | BERNSTEIN STEVEN E | Director, Other | SELL | $19.75 | 200,000 | $3,950,000 | 2,571,530 | -7.2% |
| 2005-12-13 01:16 | 2005-12-08 | NIELSEN STEVEN E | Director | OPT+S | $18.71 | 25,000 | $467,783 | 15,000 | 0.0% |
| 2005-12-06 01:05 | 2005-12-01 | BERNSTEIN STEVEN E | Director, Other | SELL | $19.30 | 429,706 | $8,292,209 | 2,771,530 | -13.4% |
| 2005-11-29 01:11 | 2005-11-23 | WORLEY RICHARD B | Other | SELL | $18.50 | 500,000 | $9,250,000 | 118,577 | -80.8% |
| 2005-11-19 00:14 | 2005-11-17 | BAGWELL KURT L | Officer - Chief Operating Officer | OPT+S | $16.85 | 143,981 | $2,426,382 | 36,476 | 0.0% |
| 2005-08-25 02:24 | 2005-08-23 | Cavanagh Brendan Thomas | Officer - Chief Accounting Officer | OPT+S | $14.54 | 29,000 | $421,701 | 6,325 | 0.0% |
| 2005-08-19 23:14 | 2005-08-17 | CARR BRIAN C | Director | BUY | $14.21 | 4,000 | $56,845 | 4,000 | +100.0% |
| 2005-06-15 23:25 | 2005-06-14 | SILBERSTEIN JASON V | Officer - Vice President-Property Mgt | OPT+S | $11.59 | 19,722 | $228,621 | 26,476 | 0.0% |
| 2005-06-10 21:14 | 2005-06-08 | HAWKINS PHILIP L | Director | BUY | $10.78 | 2,000 | $21,560 | 2,000 | +100.0% |
| 2005-05-24 04:23 | 2005-05-19 | SILBERSTEIN JASON V | Officer - Vice President-Property Mgt | OPT+S | $11.50 | 14,250 | $163,875 | 6,476 | 0.0% |
| 2005-05-16 23:56 | 2005-05-12 | CARR BRIAN C | Director | OPT+S | $10.34 | 10,000 | $103,350 | 0 | 0.0% |
| 2005-05-09 21:30 | 2005-05-06 | WORLEY RICHARD B | Other | BUY | $9.65 | 300,000 | $2,895,000 | 125,763 | +100.0% |
| 2005-05-04 00:00 | 2005-04-29 | WORLEY RICHARD B | Other | BUY | $8.40 | 189,700 | $1,593,499 | 95,763 | +100.0% |
How to Interpret $SBAC Trades
Not every insider transaction in SBA COMMUNICATIONS CORP is a signal for immediate action. Professional investors look for "cluster buying"—when multiple executives simultaneously purchase $SBAC shares on the open market. It is crucial to distinguish between scheduled sales (under Rule 10b5-1) and voluntary increases in ownership, which demonstrate management’s true conviction that the stock is undervalued.
Data Source & Accuracy for SBAC
Insider activity data for SBA COMMUNICATIONS CORP is streamed in real-time directly from the SEC EDGAR system. We analyze raw Form 4 filings, filtering out technical adjustments and complex derivative transactions. This provides a transparent view of how ownership structure is evolving in $SBAC, allowing you to follow the capital of those with the most intimate knowledge of the company.
UNDERSTANDING THE DATA
FILING DATE: The date and time when the transaction was reported to the SEC. This is when the public first receives the information.
TRADE DATE: The actual day the insider executed the purchase or sale in the market.
INDUSTRY: The specific market sector the company operates in. Useful for identifying broader institutional capital flows across sectors.
OWNED AFTER: The total number of shares held by the insider following the transaction. This highlights the insider's remaining conviction in the company.
CHANGE %: The percentage increase or decrease of the insider's total position. Large percentage changes often carry more weight than the dollar amount alone.
TRADE TYPES DEFINITIONS
BUY: An open market purchase. Typically indicates an insider's belief that the stock is undervalued or poised for growth.
SELL: An open market sale. While often used for diversification or liquidity, large or unexpected sales can be a warning signal.
OPT+S (OPTION EXERCISE & SALE): This occurs when an insider exercises their stock options and sells them immediately. Often part of a structured compensation plan.