SBA Communications Management

Management criteria checks 4/4

SBA Communications' CEO is Brendan Cavanagh, appointed in Jan 2024, has a tenure of less than a year. total yearly compensation is $5.01M, comprised of 14.5% salary and 85.5% bonuses, including company stock and options. directly owns 0.05% of the company’s shares, worth €11.28M. The average tenure of the management team and the board of directors is 5.9 years and 12.3 years respectively.

Key information

Brendan Cavanagh

Chief executive officer

US$5.0m

Total compensation

CEO salary percentage	14.5%
CEO tenure	less than a year
CEO ownership	0.05%
Management average tenure	5.9yrs
Board average tenure	12.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Brendan Cavanagh's remuneration changed compared to SBA Communications's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$685m
Jun 30 2024	n/a	n/a	US$514m
Mar 31 2024	n/a	n/a	US$555m
Dec 31 2023	US$5m	US$725k	US$502m
Sep 30 2023	n/a	n/a	US$496m
Jun 30 2023	n/a	n/a	US$508m
Mar 31 2023	n/a	n/a	US$374m
Dec 31 2022	US$6m	US$680k	US$461m
Sep 30 2022	n/a	n/a	US$407m
Jun 30 2022	n/a	n/a	US$355m
Mar 31 2022	n/a	n/a	US$438m
Dec 31 2021	US$4m	US$654k	US$238m
Sep 30 2021	n/a	n/a	US$295m
Jun 30 2021	n/a	n/a	US$269m
Mar 31 2021	n/a	n/a	US$139m
Dec 31 2020	US$5m	US$615k	US$24m
Sep 30 2020	n/a	n/a	-US$14m
Jun 30 2020	n/a	n/a	-US$15m
Mar 31 2020	n/a	n/a	-US$6m
Dec 31 2019	US$4m	US$600k	US$147m
Sep 30 2019	n/a	n/a	US$137m
Jun 30 2019	n/a	n/a	US$131m
Mar 31 2019	n/a	n/a	US$42m
Dec 31 2018	US$4m	US$575k	US$47m
Sep 30 2018	n/a	n/a	-US$2m
Jun 30 2018	n/a	n/a	US$31m
Mar 31 2018	n/a	n/a	US$98m
Dec 31 2017	US$3m	US$500k	US$104m

Compensation vs Market: Brendan's total compensation ($USD5.01M) is about average for companies of similar size in the German market ($USD4.90M).

Compensation vs Earnings: Brendan's compensation has been consistent with company performance over the past year.

CEO

Brendan Cavanagh (52 yo)

less than a year

Tenure

US$5,009,927

Compensation

Mr. Brendan Thomas Cavanagh, CPA, serves as CEO, President and Director ta SBA Communications Corporation since January 1, 2024. He had been Chief Financial Officer of SBA Communications Corporation since...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Brendan Cavanagh	CEO, President & Director	less than a year	US$5.01m	0.050% € 11.3m
Steven Bernstein	Founder & Independent Director	35.8yrs	US$406.76k	0.058% € 13.0m
Mark Ciarfella	Executive Vice President of Operations	10.8yrs	US$2.70m	0.031% € 7.1m
Richard Cane	Executive VP & President – International	5yrs	US$2.67m	0.0036% € 803.9k
Marc Montagner	Executive VP & CFO	less than a year	no data	0.00099% € 223.6k
Brian Lazarus	Senior VP & Chief Accounting Officer	16.2yrs	no data	0.028% € 6.4m
Elvis Clemetson	Senior VP & Chief Information Officer	2.7yrs	no data	no data
Joshua Koenig	Executive Vice President	1.8yrs	no data	0.0062% € 1.4m
Michelle Eisner	Senior VP & Chief Human Resources Officer	6.1yrs	no data	no data
Neil Seidman	Senior Vice President of Mergers and Acquisitions	15.8yrs	no data	no data
Lawrence Harris	Senior Vice President of U.S. Business Development	5.8yrs	no data	no data
Donald Day	Executive Vice President of Site Leasing	6.5yrs	no data	0.0046% € 1.1m

5.9yrs

Average Tenure

56yo

Average Age

Experienced Management: 4SB's management team is seasoned and experienced (5.9 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Brendan Cavanagh	CEO, President & Director	less than a year	US$5.01m	0.050% € 11.3m
Steven Bernstein	Founder & Independent Director	35.8yrs	US$406.76k	0.058% € 13.0m
Jeffrey Stoops	Non-Executive Chairman	25.3yrs	US$11.26m	0.34% € 77.6m
Kevin Beebe	Independent Director	15.1yrs	US$262.73k	0.014% € 3.1m
Jack Langer	Lead Independent Director	20.5yrs	US$318.75k	0.021% € 4.8m
Mary Shio Chan	Independent Director	9.5yrs	US$262.73k	0.0048% € 1.1m
Laurie Bowen	Independent Director	1.5yrs	US$224.89k	0.00015% € 33.9k
George Krouse	Independent Director	15.1yrs	US$290.74k	0.0075% € 1.7m
Amy Wilson	Independent Director	1.5yrs	US$224.89k	0.00023% € 51.9k
Jay Johnson	Independent Director	2.7yrs	US$277.73k	0.00035% € 79.0k

12.3yrs

Average Tenure

63yo

Average Age

Experienced Board: 4SB's board of directors are seasoned and experienced ( 12.3 years average tenure).

SBA Communications Management

Management criteria checks 4/4

Key information

Recent management updates

SBA Communications Corporation, Annual General Meeting, May 23, 2024

SBA Communications Corporation Announces Executive Changes, Effective August 1, 2024

SBA Communications Corporation Announces Board Appointments

Founder & Independent Chairman recently sold €1.7m worth of stock

CEO, President & Director recently sold €8.2m worth of stock

CEO, President & Director recently sold €24m worth of stock

Recent updates

Third quarter dividend of US$0.98 announced

Third quarter 2024 earnings released: EPS: US$2.41 (vs US$0.81 in 3Q 2023)

SBA Communications Corporation (NasdaqGS:SBAC) has entered into an agreement to acquire Portfolio of approximately 7,000 towers of Millicom International Cellular S.A. (NasdaqGS:TIGO) for approximately $980 million.

SBA Communications Corporation to Report Q3, 2024 Results on Oct 28, 2024

Second quarter dividend of US$0.98 announced

SBA Communications Corporation Declares A Quarterly Cash Dividend on Class A Common Stock, Payable on September 18, 2024

Second quarter 2024 earnings released: EPS: US$1.52 (vs US$1.88 in 2Q 2023)

SBA Communications Corporation to Report Q2, 2024 Results on Jul 29, 2024

SBA Communications Corporation(NasdaqGS:SBAC) dropped from Russell Midcap Growth Index

First quarter dividend of US$0.98 announced

First quarter 2024 earnings released: EPS: US$1.43 (vs US$0.94 in 1Q 2023)

SBA Communications Corporation Revises Earnings Guidance for the Full Year 2024

SBA Communications Corporation, Annual General Meeting, May 23, 2024

SBA Communications Corporation to Report Q1, 2024 Results on Apr 29, 2024

Upcoming dividend of US$0.98 per share

Fourth quarter dividend of US$0.98 announced

SBA Communications Corporation Declares Quarterly Cash Dividend on Class A Common Stock for the Fourth Quarter Ended December 31, 2023, Payable on March 28, 2024

Full year 2023 earnings released: EPS: US$4.64 (vs US$4.27 in FY 2022)

Asterion, SBA Communications and Phoenix Reportedly Circle Cellnex's Irish Unit

SBA Communications Corporation to Report Q4, 2023 Results on Feb 26, 2024

SBA Communications Corporation Announces Executive Changes, Effective August 1, 2024

SBA Communications Corporation Announces Board Appointments

Founder & Independent Chairman recently sold €1.7m worth of stock

CEO, President & Director recently sold €8.2m worth of stock

CEO, President & Director recently sold €24m worth of stock

SBA Communications Corporation Updates Earnings Outlook for the Year 2023

SBA Communications Corporation Updates Earnings Outlook for the Year 2023

Third quarter 2023 earnings released: EPS: US$0.81 (vs US$0.93 in 3Q 2022)

SBA Communications Corporation to Report Q3, 2023 Results on Nov 02, 2023

SBA Communications Corporation Announces CEO Changes, Effective January 1, 2024

Upcoming dividend of US$0.85 per share at 1.5% yield

Second quarter 2023 earnings released: EPS: US$1.88 (vs US$0.65 in 2Q 2022)

SBA Communications Corporation Revises Earnings Guidance for the Full Year of 2023

SBA Communications Corporation to Report Q2, 2023 Results on Jul 31, 2023

SBA Communications Corporation to Report Q2, 2023 Results on Jul 31, 2023

Now 20% undervalued after recent price drop

Upcoming dividend of US$0.85 per share at 1.4% yield

Now 21% undervalued after recent price drop

First quarter 2023 earnings released: FFO per share: US$2.9 (vs US$3.40 in 1Q 2022)

Upcoming dividend of US$0.85 per share at 1.3% yield

Full year 2022 earnings released: EPS: US$4.27 (vs US$2.17 in FY 2021)

SBA Communications Corporation to Report Q4, 2022 Results on Feb 21, 2023

Insufficient new directors

Upcoming dividend of US$0.71 per share

Third quarter 2022 earnings released

SBA Communications Corporation Updates Revenue Guidance for the Full Year 2022

SBA Communications Corporation to Report Q3, 2022 Results on Oct 31, 2022

Upcoming dividend of US$0.71 per share

Independent Director recently sold €388k worth of stock

Second quarter 2022 earnings released: EPS: US$0.65 (vs US$1.40 in 2Q 2021)

SBA Communications Corporation Declares Quarterly Cash Dividend, Payable on September 20, 2022

SBA Communications Corporation to Report Q2, 2022 Results on Aug 01, 2022

SBA Communications Corporation Announces Management Changes

Now 21% undervalued

CEO, President & Director recently sold €9.6m worth of stock

Upcoming dividend of US$0.71 per share

First quarter 2022 earnings released: EPS: US$1.75 (vs US$0.11 loss in 1Q 2021)

Sba Communications Corporation Declares Quarterly Cash Dividend on Class A Common Stock, Payable June 14, 2022

SBA Communications Corporation to Report Q1, 2022 Results on Apr 25, 2022

SBA Communications Corporation, Annual General Meeting, May 12, 2022

SBA Communications Announces Election of Jay L. Johnson to Board of Directors

Independent Director recently sold €151k worth of stock

Now 20% undervalued after recent price drop

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

SBA Communications Corporation Provides Earnings Guidance for the Full Year 2022

SBA Communications Corporation to Report Q4, 2021 Results on Feb 28, 2022

Now 21% undervalued

Paradigm Infrastructure Limited and SBA Communications Corporation (NasdaqGS:SBAC) acquired Telecommunications Tower Assets Of Airtel Africa In Tanzania from Airtel Africa Plc (LSE:AAF) for approximately $180 million.

Upcoming dividend of US$0.58 per share