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SBA COMMUNICATIONS CORP. 2023-2024 Proxy Voting Records

Compiled from SEC Form N-PX filings and SBA COMMUNICATIONS CORP.’s Form 8-K, filed May 24, 2024 (Item 5.07 on EDGAR). Page generated October 25, 2026.

6Ballot items
705Asset managers
5,507Fund votes
May 23, 2024Meeting date

Results at a glance

Meeting of May 23, 2024: 6 items on SBA COMMUNICATIONS CORP.’s Form 8-K, filed May 24, 2024: 2 approved · 4 without a stated outcome.

Material dissent

None.

Material dissent: a director nominee under 80% of the votes cast, say-on-pay under 70%, any other item the board put forward under 80%, or a shareholder proposal with more than 50%, on the company’s own Form 8-K tally. How this is decided

Proxy season: 2023-2024 2024-2025 2025-2026

Explore SBA COMMUNICATIONS CORP. in the interactive database Compare manager voting policies

Official 2023-2024 meeting results reported by SBA COMMUNICATIONS CORP.

These tallies are SBA COMMUNICATIONS CORP.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed May 24, 2024 (Item 5.07, “Submission of Matters to a Vote of Security Holders”). They cover every share voted at the meeting, not just the funds that file Form N-PX.

SBA COMMUNICATIONS CORP. — official shareholder meeting results, meeting held May 23, 2024
Ballot item	For	Against	Abstain	Withheld	Broker non-votes	Support (of votes cast)	Reported outcome	Voting standard
Elect Director: Brendan T. Cavanagh	90,491,304	1,307,158	24,357	--	4,625,028	99%	Not verified	—
Elect Director: Mary S. Chan	82,357,787	9,440,395	24,637	--	4,625,028	90%	Not verified	—
Elect Director: Jay L. Johnson	86,030,020	5,766,099	26,700	--	4,625,028	94%	Not verified	—
Elect Director: George R. Krouse, Jr.	80,346,229	11,399,968	76,622	--	4,625,028	88%	Not verified	—
2. The ratification of the appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for the 2024 fiscal year	91,038,992	5,387,659	21,196	--	--	94%	Approved	—
3. The compensation of the Company's named executive officers	88,158,433	3,579,793	84,593	--	4,625,028	96%	Approved	—

Source: SBA COMMUNICATIONS CORP., Form 8-K, filed with the SEC on May 24, 2024 — read the filing on EDGAR.

How asset managers voted at the SBA COMMUNICATIONS CORP. 2023-2024 meeting

Each item below shows how the 705 asset managers that disclosed a SBA COMMUNICATIONS CORP. vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report.

1. Elect Director: Brendan T. Cavanagh

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 6 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%

FOR: 90,491,304AGAINST: 1,307,158

Details: description as filed, official tally, votes by 160 asset managers

Description as filed by funds: Election of Directors: Brendan T. Cavanagh*

SBA COMMUNICATIONS CORP.’s own tally for this item (“Elect Director: Brendan T. Cavanagh”): 90,491,304 for, 1,307,158 against, per its Form 8-K filed May 24, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 160 asset managers below reported 47,542,937 for, 9,906 against, 3,449 abstained.

FOR

FOR: 47,542,937AGAINST: 9,906ABSTAIN: 3,449

Largest asset managers voting on “Election of Directors: Brendan T. Cavanagh*” at SBA COMMUNICATIONS CORP., 2023-2024
Asset manager	For	Against	Abstain	Vote
Vanguard	17,037,274	0	0	For
BlackRock	3,535,695	0	0	For
Principal	3,507,524	0	0	For
Fidelity	3,338,817	0	0	For
JPMorgan	2,327,870	0	0	For
MFS	1,500,596	0	0	For
Dimensional	1,306,254	0	0	For
T. Rowe Price	1,278,498	0	0	For
Charles Schwab	1,192,654	0	0	For
Thrivent	1,107,939	0	0	For
State Street	914,323	26	0	For
Invesco	894,827	0	0	For
Columbia Threadneedle	824,554	0	0	For
DIAMOND HILL FUNDS	758,058	0	0	For
Cohen & Steers	637,389	0	0	For
DWS	589,651	0	0	For
TIAA	510,702	0	0	For
American Century	371,569	0	0	For
REAVES UTILITY INCOME FUND	315,200	0	0	For
Jackson National	297,958	0	0	For
Neuberger Berman	279,328	0	0	For
Brighthouse	258,089	0	3,448	For
SCHWARTZ INVESTMENT TRUST	249,000	0	0	For
Legg Mason	244,172	0	0	For
Brown Advisory Funds	206,280	0	0	For

Showing the 25 largest of 160 asset managers. See all 160 in the interactive database.

2. Elect Director: Mary S. Chan

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 6 wordings of this item as funds reported it.

90% Majority: yes · of votes cast

FOR 90%

FOR: 82,357,787AGAINST: 9,440,395

Details: description as filed, official tally, votes by 160 asset managers

Description as filed by funds: Election of Directors: Mary S. Chan*

SBA COMMUNICATIONS CORP.’s own tally for this item (“Elect Director: Mary S. Chan”): 82,357,787 for, 9,440,395 against, per its Form 8-K filed May 24, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 90% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 160 asset managers below reported 44,727,190 for, 2,825,654 against, 3,449 abstained.

FOR

FOR: 44,727,190AGAINST: 2,825,654ABSTAIN: 3,449

Largest asset managers voting on “Election of Directors: Mary S. Chan*” at SBA COMMUNICATIONS CORP., 2023-2024
Asset manager	For	Against	Abstain	Vote
Vanguard	17,037,274	0	0	For
BlackRock	3,534,030	1,665	0	For
Principal	3,507,524	0	0	For
Fidelity	3,338,817	0	0	For
JPMorgan	2,327,870	0	0	For
MFS	1,500,596	0	0	For
Dimensional	1,306,254	0	0	For
T. Rowe Price	0	1,278,498	0	Against
Charles Schwab	1,192,654	0	0	For
Thrivent	1,107,939	0	0	For
State Street	342	914,007	0	Against
Invesco	894,827	0	0	For
Columbia Threadneedle	824,554	0	0	For
DIAMOND HILL FUNDS	758,058	0	0	For
Cohen & Steers	637,389	0	0	For
DWS	589,651	0	0	For
TIAA	510,702	0	0	For
American Century	371,569	0	0	For
REAVES UTILITY INCOME FUND	315,200	0	0	For
Jackson National	119,615	178,343	0	Mixed
Neuberger Berman	279,328	0	0	For
Brighthouse	258,083	6	3,448	For
SCHWARTZ INVESTMENT TRUST	249,000	0	0	For
Legg Mason	244,172	0	0	For
Brown Advisory Funds	206,280	0	0	For

Showing the 25 largest of 160 asset managers. See all 160 in the interactive database.

3. Elect Director: Jay L. Johnson

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 6 wordings of this item as funds reported it.

94% Majority: yes · of votes cast

FOR 94%

FOR: 86,030,020AGAINST: 5,766,099

Details: description as filed, official tally, votes by 160 asset managers

Description as filed by funds: Election of Directors: Jay L. Johnson*

SBA COMMUNICATIONS CORP.’s own tally for this item (“Elect Director: Jay L. Johnson”): 86,030,020 for, 5,766,099 against, per its Form 8-K filed May 24, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 94% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 160 asset managers below reported 45,721,204 for, 1,830,284 against, 4,804 abstained.

FOR

FOR: 45,721,204AGAINST: 1,830,284ABSTAIN: 4,804

Largest asset managers voting on “Election of Directors: Jay L. Johnson*” at SBA COMMUNICATIONS CORP., 2023-2024
Asset manager	For	Against	Abstain	Vote
Vanguard	17,037,274	0	0	For
BlackRock	3,534,030	1,665	0	For
Principal	3,507,524	0	0	For
Fidelity	3,338,817	0	0	For
JPMorgan	2,327,870	0	0	For
MFS	1,500,596	0	0	For
Dimensional	1,306,254	0	0	For
T. Rowe Price	0	1,278,498	0	Against
Charles Schwab	1,192,654	0	0	For
Thrivent	1,107,939	0	0	For
State Street	914,258	91	0	For
Invesco	894,827	0	0	For
Columbia Threadneedle	824,554	0	0	For
DIAMOND HILL FUNDS	758,058	0	0	For
Cohen & Steers	637,389	0	0	For
DWS	589,651	0	0	For
TIAA	510,702	0	0	For
American Century	371,569	0	0	For
REAVES UTILITY INCOME FUND	315,200	0	0	For
Jackson National	119,615	178,343	0	Mixed
Neuberger Berman	279,328	0	0	For
Brighthouse	258,083	6	3,448	For
SCHWARTZ INVESTMENT TRUST	249,000	0	0	For
Legg Mason	244,172	0	0	For
Brown Advisory Funds	206,280	0	0	For

Showing the 25 largest of 160 asset managers. See all 160 in the interactive database.

4. Elect Director: George R. Krouse, Jr.

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 6 wordings of this item as funds reported it.

88% Majority: yes · of votes cast

FOR 88%

FOR: 80,346,229AGAINST: 11,399,968

Details: description as filed, official tally, votes by 160 asset managers

Description as filed by funds: Election of Directors: George R. Krouse, Jr.*

SBA COMMUNICATIONS CORP.’s own tally for this item (“Elect Director: George R. Krouse, Jr.”): 80,346,229 for, 11,399,968 against, per its Form 8-K filed May 24, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 88% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 160 asset managers below reported 44,310,708 for, 3,242,133 against, 3,452 abstained.

FOR

FOR: 44,310,708AGAINST: 3,242,133ABSTAIN: 3,452

Largest asset managers voting on “Election of Directors: George R. Krouse, Jr.*” at SBA COMMUNICATIONS CORP., 2023-2024
Asset manager	For	Against	Abstain	Vote
Vanguard	17,037,274	0	0	For
BlackRock	3,534,030	1,665	0	For
Principal	3,507,524	0	0	For
Fidelity	3,338,817	0	0	For
JPMorgan	2,327,870	0	0	For
MFS	1,500,596	0	0	For
Dimensional	1,306,254	0	0	For
T. Rowe Price	0	1,278,498	0	Against
Charles Schwab	1,192,654	0	0	For
Thrivent	1,107,939	0	0	For
State Street	914,232	117	0	For
Invesco	587,267	307,560	0	Mixed
Columbia Threadneedle	824,554	0	0	For
DIAMOND HILL FUNDS	758,058	0	0	For
Cohen & Steers	637,389	0	0	For
DWS	589,651	0	0	For
TIAA	0	510,702	0	Against
American Century	371,569	0	0	For
REAVES UTILITY INCOME FUND	315,200	0	0	For
Jackson National	50,656	247,302	0	Mixed
Neuberger Berman	279,328	0	0	For
Brighthouse	51,972	206,117	3,448	Mixed
SCHWARTZ INVESTMENT TRUST	249,000	0	0	For
Legg Mason	244,172	0	0	For
Brown Advisory Funds	206,280	0	0	For

Showing the 25 largest of 160 asset managers. See all 160 in the interactive database.

5. 3. The compensation of the Company's named executive officers

Official result Fund totals may overlapSECTION 14A SAY-ON-PAY VOTESReported outcome: Approved

Combines 17 wordings of this item as funds reported it.

96% Approved · of votes cast

FOR 96%

FOR: 88,158,433AGAINST: 3,579,793

Details: description as filed, official tally, votes by 694 asset managers

Description as filed by funds: Approval, on an advisory basis, of the compensation of SBA's named executive officers.

SBA COMMUNICATIONS CORP.’s own tally for this item (“3. The compensation of the Company's named executive officers”): 88,158,433 for, 3,579,793 against — passed, per its Form 8-K filed May 24, 2024 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “Proposal 3 The shareholders approved, on an advisory basis, the compensation of the Company's named executive officers.”
Support: 96% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Also reported under other wordings, matched to the same row of SBA COMMUNICATIONS CORP.’s official tally and shown with their own fund figures; their managers are not in the figures or the table on this card: “SECTION 14A EXECUTIVE COMPENSATION” (8 managers, Fund and manager reports combined; may count the same shares twice; no share total shown).

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice).

Fund voting reports: 154 asset managers voting on “Approval, on an advisory basis, of the compensation of SBA's named executive officers.” at SBA COMMUNICATIONS CORP., 2023-2024
Asset manager	For	Against	Abstain	Vote
Vanguard	17,037,274	0	0	For
BlackRock	3,535,695	0	0	For
Principal	3,507,524	0	0	For
Fidelity	3,338,817	0	0	For
JPMorgan	2,327,870	0	0	For
MFS	1,500,596	0	0	For
Dimensional	1,306,254	0	0	For
T. Rowe Price	1,278,498	0	0	For
Charles Schwab	1,192,654	0	0	For
Thrivent	1,107,939	0	0	For
State Street	914,349	0	0	For
Invesco	894,827	0	0	For
Columbia Threadneedle	824,554	0	0	For
DIAMOND HILL FUNDS	758,058	0	0	For
Cohen & Steers	637,389	0	0	For
DWS	589,651	0	0	For
TIAA	510,702	0	0	For
American Century	371,569	0	0	For
REAVES UTILITY INCOME FUND	315,200	0	0	For
Jackson National	297,958	0	0	For
Neuberger Berman	279,328	0	0	For
Brighthouse	257,633	456	3,448	For
SCHWARTZ INVESTMENT TRUST	249,000	0	0	For
Legg Mason	244,172	0	0	For
Brown Advisory Funds	206,280	0	0	For

Fund voting reports, all 154 managers: 47,431,434 for, 118,263 against, 3,451 abstained. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 573 asset managers voting on “Approval, on an advisory basis, of the compensation of SBA's named executive officers.” at SBA COMMUNICATIONS CORP., 2023-2024
Asset manager	For	Against	Vote
TRILLIUM ASSET MANAGEMENT, LLC	0	5,675,308	Against
PRINCIPAL GLOBAL INVESTORS	5,049,652	0	For
New York Life	4,000,000	0	For
BlackRock	3,816,215	607	For
T. Rowe Price	2,839,022	0	For
GEODE CAPITAL MANAGEMENT, LLC	2,753,815	0	For
State Street	2,602,846	0	For
JPMorgan	2,527,933	0	For
MASSACHUSETTS FINANCIAL SERVICES CO /MA/	2,136,395	0	For
Man Group plc	1,693,910	0	For
BROWN ADVISORY INC	1,654,594	0	For
Charles Schwab	1,200,061	0	For
Thrivent	1,142,645	0	For
Northern Trust	1,101,721	4,720	For
Legal & General Investment Management Ltd	0	1,098,891	Against
Invesco	979,563	0	For
APG Asset Management US Inc.	816,175	0	For
Fidelity	731,149	0	For
Nuveen	725,431	0	For
Goldman Sachs	696,460	0	For
American Century	618,253	0	For
Citadel	614,253	0	For
Permit Capital, LLC	604,035	0	For
EARNEST PARTNERS LLC	602,404	0	For
Vanguard	571,160	0	For

Institutional-manager reports, all 573 managers: 57,806,673 for, 8,576,286 against, 13,279 abstained, 15,374 not voted, 3 unknown. Showing the 25 largest; see all in the interactive database.

6. 2. The ratification of the appointment of Ernst & Young LLP as the Company's independent registered public accounting…

Official resultAUDIT-RELATEDReported outcome: Approved

Combines 8 wordings of this item as funds reported it.

94% Approved · of votes cast

FOR 94%

FOR: 91,038,992AGAINST: 5,387,659

Details: description as filed, official tally, votes by 161 asset managers

Description as filed by funds: RATIFICATION OF THE APPOINTMENT OF ERNST & YOUNG LLP AS SBA'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE 2024 FISCAL YEAR.

SBA COMMUNICATIONS CORP.’s own tally for this item (“2. The ratification of the appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for the 2024 fiscal year”): 91,038,992 for, 5,387,659 against — passed, per its Form 8-K filed May 24, 2024 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “Proposal 2 The shareholders approved the ratification of the appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for the 2024 fiscal year.”
Support: 94% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 161 asset managers below reported 47,507,894 for, 51,649 against, 3,449 abstained.

FOR

FOR: 47,507,894AGAINST: 51,649ABSTAIN: 3,449

Largest asset managers voting on “RATIFICATION OF THE APPOINTMENT OF ERNST & YOUNG LLP AS SBA'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FO” at SBA COMMUNICATIONS CORP., 2023-2024
Asset manager	For	Against	Abstain	Vote
Vanguard	17,037,274	0	0	For
BlackRock	3,535,695	0	0	For
Principal	3,507,524	0	0	For
Fidelity	3,338,817	0	0	For
JPMorgan	2,327,870	0	0	For
MFS	1,500,596	0	0	For
Dimensional	1,306,254	0	0	For
T. Rowe Price	1,278,498	0	0	For
Charles Schwab	1,192,654	0	0	For
Thrivent	1,107,939	0	0	For
State Street	914,323	26	0	For
Invesco	894,827	0	0	For
Columbia Threadneedle	824,554	0	0	For
DIAMOND HILL FUNDS	758,058	0	0	For
Cohen & Steers	637,389	0	0	For
DWS	589,651	0	0	For
TIAA	510,702	0	0	For
American Century	371,569	0	0	For
REAVES UTILITY INCOME FUND	315,200	0	0	For
Jackson National	297,958	0	0	For
Neuberger Berman	279,328	0	0	For
Brighthouse	257,633	456	3,448	For
SCHWARTZ INVESTMENT TRUST	249,000	0	0	For
Legg Mason	244,172	0	0	For
Brown Advisory Funds	206,280	0	0	For

Showing the 25 largest of 161 asset managers. See all 161 in the interactive database.

Largest SBA COMMUNICATIONS CORP. shareholders voting in 2023-2024

Ranked separately for each type of Form N-PX report. An institutional manager can report shares that a fund it advises also reports, so the two tables can list the same shares and are never added together. Each is ranked by the shares voted on the item that the most managers of that type reported, shown as a share of the 107,880,000 shares outstanding at the time of that meeting.

Fund voting reports: top SBA COMMUNICATIONS CORP. shareholders by shares voted on “RATIFICATION OF THE APPOINTMENT OF ERNST & YOUNG LLP AS SBA'S INDEPENDENT REGISTERED PUBLIC…”, 2023-2024
#	Asset manager	% of shares outstanding
1	Vanguard	15.79%
2	BlackRock	3.28%
3	Principal	3.25%
4	Fidelity	3.09%
5	JPMorgan	2.16%
6	MFS	1.39%
7	Dimensional	1.21%
8	T. Rowe Price	1.19%
9	Charles Schwab	1.11%
10	Thrivent	1.03%

Institutional-manager reports: top SBA COMMUNICATIONS CORP. shareholders by shares voted on “Approval, on an advisory basis, of the compensation of SBA's named executive officers.”, 2023-2024
#	Asset manager	% of shares outstanding
1	TRILLIUM ASSET MANAGEMENT, LLC	5.26%
2	PRINCIPAL GLOBAL INVESTORS	4.68%
3	New York Life	3.71%
4	BlackRock	3.54%
5	T. Rowe Price	2.63%
6	GEODE CAPITAL MANAGEMENT, LLC	2.55%
7	State Street	2.41%
8	JPMorgan	2.34%
9	MASSACHUSETTS FINANCIAL SERVICES CO /MA/	1.98%
10	Man Group plc	1.57%

Reported SBA COMMUNICATIONS CORP. holdings and ownership

As disclosed to the SEC in Form 13F (quarter-end holdings of 30 large managers), Schedules 13D and 13G (beneficial ownership above 5%) and the company’s own proxy statement (DEF 14A). Each row names its form.

SBA COMMUNICATIONS CORP. holdings and ownership disclosed for the 2023-2024 proxy season
Holder	% outstanding	Disclosure
Vanguard Group	16.84%	13F
BlackRock	9.28%	13F
JPMorgan Chase	4.60%	13F
State Street	4.39%	13F
Geode Capital	2.57%	13F
Citadel Advisors	1.62%	13F
Dimensional Fund Advisors	1.42%	13F
Millennium Management	1.30%	13F
Invesco	1.28%	13F
Morgan Stanley	1.26%	13F

Percentages above are of 107,880,000 shares outstanding, as reported by SBA COMMUNICATIONS CORP. on its Form 10-Q dated March 31, 2024 (see the filing on EDGAR). This is the count contemporaneous with the 2023-2024 meeting, not today’s. Each holding is as of its own filing, which may be dated before or after the meeting.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered funds disclose how they voted every proxy and institutional managers disclose their votes on executive pay (say-on-pay, say-on-frequency and golden parachutes), and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from SBA COMMUNICATIONS CORP.’s 10-Q dated March 31, 2024. This page is a static snapshot rebuilt weekly on October 25, 2026; a live search always shows the current data.

At SBA COMMUNICATIONS CORP.'s shareholder meeting held May 23, 2024, in the 2023-2024 proxy season, 705 asset managers reported how they voted on 6 ballot items in their SEC Form N-PX filings, covering 5,507 separate fund positions. On the most widely held item on that ballot — Approval, on an advisory basis, of the compensation of SBA's named executive officers. — SBA COMMUNICATIONS CORP.'s filing reports the proposal as approved, with 96% support of the votes cast (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side). Source: SBA COMMUNICATIONS CORP.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on May 24, 2024.

SBA COMMUNICATIONS CORP. proxy season coverage: 2023-2024 (this page) · 2024-2025 · 2025-2026.

Download data (CSV): ballot items · votes by manager · column guide.