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 $10.84M. The average tenure of the management team and the board of directors is 5.3 years and 11.7 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	5.3yrs
Board average tenure	11.7yrs

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
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 ($USD5.01M) is about average for companies of similar size in the UK market ($USD5.65M).

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

CEO

Brendan Cavanagh (51 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% $ 10.8m
Steven Bernstein	Founder & Independent Director	35.3yrs	US$406.76k	0.059% $ 13.0m
Mark Ciarfella	Executive Vice President of Operations	10.3yrs	US$2.70m	0.031% $ 6.8m
Jason Silberstein	Executive Vice President of Site Leasing	15.2yrs	US$3.64m	0.040% $ 8.8m
Richard Cane	Executive VP & President – International	4.4yrs	US$2.67m	0.0035% $ 772.0k
Marc Montagner	Executive VP & CFO	less than a year	no data	0.000090% $ 19.6k
Brian Lazarus	Senior VP & Chief Accounting Officer	15.6yrs	no data	0.028% $ 6.2m
Elvis Clemetson	Senior VP & Chief Information Officer	2.1yrs	no data	no data
Joshua Koenig	Executive Vice President	1.3yrs	no data	0.0062% $ 1.3m
Michelle Eisner	Senior VP & Chief Human Resources Officer	5.5yrs	no data	no data
Neil Seidman	Senior Vice President of Mergers and Acquisitions	15.3yrs	no data	no data
Lawrence Harris	Senior Vice President of U.S. Business Development	5.2yrs	no data	no data

5.3yrs

Average Tenure

55yo

Average Age

Experienced Management: 0KYZ's management team is seasoned and experienced (5.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Brendan Cavanagh	CEO, President & Director	less than a year	US$5.01m	0.050% $ 10.8m
Steven Bernstein	Founder & Independent Director	35.3yrs	US$406.76k	0.059% $ 13.0m
Jeffrey Stoops	Non-Executive Chairman	24.7yrs	US$11.26m	0.55% $ 119.5m
Kevin Beebe	Independent Director	14.5yrs	US$262.73k	0.012% $ 2.7m
Jack Langer	Lead Independent Director	19.9yrs	US$318.75k	0.025% $ 5.5m
Mary Shio Chan	Independent Director	8.9yrs	US$262.73k	0.0043% $ 944.3k
Laurie Bowen	Independent Director	less than a year	US$224.89k	0% $ 0
George Krouse	Independent Director	14.5yrs	US$290.74k	0.0074% $ 1.6m
Amy Wilson	Independent Director	less than a year	no data	0% $ 0
Jay Johnson	Independent Director	2.1yrs	US$277.73k	0.00010% $ 21.8k

11.7yrs

Average Tenure

62yo

Average Age

Experienced Board: 0KYZ's board of directors are seasoned and experienced ( 11.7 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 US$1.9m worth of stock

CEO, President & Director recently sold US$9.0m worth of stock

CEO, President & Director recently sold US$26m worth of stock

Recent updates

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 increased to US$0.98

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

New minor risk - Earnings quality

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

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 US$1.9m worth of stock

CEO, President & Director recently sold US$9.0m worth of stock

CEO, President & Director recently sold US$26m worth of stock

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

Now 26% undervalued after recent price drop

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 21% undervalued after recent price drop

Now 21% undervalued after recent price drop

Now 22% undervalued after recent price drop

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

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)

Insufficient new directors

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

Upcoming dividend of US$0.71 per share

Third quarter 2022 earnings released

SBA Communications Corporation Updates Revenue Guidance for the Full Year 2022

Investor sentiment deteriorated over the past week

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

Upcoming dividend of US$0.71 per share

Independent Director recently sold US$397k worth of stock

Now 20% undervalued after recent price drop

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

Now 22% undervalued after recent price drop

SBA Communications Corporation Announces Management Changes

Now 23% undervalued after recent price drop

CEO, President & Director recently sold US$10m worth of stock

Now 22% undervalued after recent price drop

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 US$164k worth of stock

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

SBA Communications Corporation Provides Earnings Guidance for the Full Year 2022

Now 22% undervalued after recent price drop

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

Now 20% undervalued after recent price drop

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

Third quarter 2021 earnings released: EPS US$0.44 (vs US$0.20 in 3Q 2020)

Executive VP recently sold US$25m worth of stock

Executive VP recently sold US$18m worth of stock

Upcoming dividend of US$0.58 per share

SBA Communications Corporation (NasdaqGS : SBAC) acquired 57 communication sites for $67 million.