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Compiled from SEC Form N-PX filings and SBA COMMUNICATIONS CORP.’s Form 8-K, filed 2024-05-24 (Item 5.07 on EDGAR). Page generated 02 October 2026.
Explore SBA COMMUNICATIONS CORP. in the interactive database Compare manager voting policies
These tallies are SBA COMMUNICATIONS CORP.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed 2024-05-24 (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.
| Ballot item | For | Against | Abstain | Withheld | Broker non-votes | Outcome |
|---|---|---|---|---|---|---|
| Elect Director: Brendan T. Cavanagh | 90,491,304 | 1,307,158 | 24,357 | -- | 4,625,028 | Majority: yes |
| Elect Director: Mary S. Chan | 82,357,787 | 9,440,395 | 24,637 | -- | 4,625,028 | Majority: yes |
| Elect Director: Jay L. Johnson | 86,030,020 | 5,766,099 | 26,700 | -- | 4,625,028 | Majority: yes |
| Elect Director: George R. Krouse, Jr. | 80,346,229 | 11,399,968 | 76,622 | -- | 4,625,028 | Majority: yes |
| 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. | 91,038,992 | 5,387,659 | 21,196 | -- | -- | Majority: yes |
| Proposal 3 The shareholders approved, on an advisory basis, the compensation of the Company's named executive officers. | 88,158,433 | 3,579,793 | 84,593 | -- | 4,625,028 | Majority: yes |
Source: SBA COMMUNICATIONS CORP., Form 8-K, filed with the SEC on 2024-05-24 — read the filing on EDGAR.
Each item below shows how the 707 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. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of SBA COMMUNICATIONS CORP.’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.
Combines 17 wordings of this item as funds reported it.
96% Majority: yes · of votes cast
SBA COMMUNICATIONS CORP.’s own tally for this item (“Proposal 3 The shareholders approved, on an advisory basis, the compensation of the Company's named executive officers.”): 88,158,433 for, 3,579,793 against, per its Form 8-K filed 2024-05-24 (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. Of all 107,880,000 outstanding shares: 82% for, 3% against (85% of the company cast a for/against vote).
The 690 asset managers below cast 92% of the shares they voted on this item FOR. Fund share totals are not shown for this item: fund-reported shares overlap across filings (an adviser and the funds it manages can each report the same shares), and here their sum exceeds the company's reported shares outstanding.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 17,608,434 | 0 | 0 | 0 | For |
| BlackRock | 7,351,910 | 607 | 0 | 0 | For |
| TRILLIUM ASSET MANAGEMENT, LLC | 0 | 5,675,308 | 0 | 0 | Against |
| PRINCIPAL GLOBAL INVESTORS | 5,049,652 | 0 | 0 | 0 | For |
| JPMorgan | 4,737,140 | 0 | 0 | 0 | For |
| New York Life | 4,149,996 | 0 | 0 | 0 | For |
| T. Rowe Price | 4,117,520 | 0 | 0 | 0 | For |
| Fidelity | 4,069,966 | 0 | 0 | 0 | For |
| State Street | 3,517,195 | 0 | 0 | 0 | For |
| Principal | 3,507,524 | 0 | 0 | 0 | For |
| GEODE CAPITAL MANAGEMENT, LLC | 2,753,815 | 0 | 0 | 0 | For |
| Charles Schwab | 2,392,715 | 0 | 0 | 0 | For |
| Thrivent | 2,250,584 | 0 | 0 | 0 | For |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | 2,136,395 | 0 | 0 | 0 | For |
| Invesco | 1,874,390 | 0 | 0 | 0 | For |
| Man Group plc | 1,693,910 | 0 | 0 | 0 | For |
| BROWN ADVISORY INC | 1,654,594 | 0 | 0 | 0 | For |
| Dimensional | 1,521,223 | 0 | 0 | 0 | For |
| MFS | 1,500,596 | 0 | 0 | 0 | For |
| Northern Trust | 1,288,278 | 4,720 | 0 | 0 | For |
| Legal & General Investment Management Ltd | 0 | 1,098,891 | 0 | 0 | Against |
| American Century | 989,822 | 0 | 0 | 0 | For |
| Nuveen | 851,783 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 843,684 | 0 | 0 | 0 | For |
| Goldman Sachs | 841,490 | 0 | 0 | 0 | For |
Showing the 25 largest of 690 asset managers. See all 690 in the interactive database.
Combines 8 wordings of this item as funds reported it.
94% Majority: yes · of votes cast
SBA COMMUNICATIONS CORP.’s own tally for this item (“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.”): 91,038,992 for, 5,387,659 against, per its Form 8-K filed 2024-05-24 (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. Of all 107,880,000 outstanding shares: 84% for, 5% against (89% of the company cast a for/against vote).
The 161 asset managers below cast 99.8% of the shares they voted on this item FOR (47,507,894 for, 51,649 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 17,037,274 | 0 | 0 | 0 | For |
| BlackRock | 3,535,695 | 0 | 0 | 0 | For |
| Principal | 3,507,524 | 0 | 0 | 0 | For |
| Fidelity | 3,338,817 | 0 | 0 | 0 | For |
| JPMorgan | 2,327,870 | 0 | 0 | 0 | For |
| MFS | 1,500,596 | 0 | 0 | 0 | For |
| Dimensional | 1,306,254 | 0 | 0 | 0 | For |
| T. Rowe Price | 1,278,498 | 0 | 0 | 0 | For |
| Charles Schwab | 1,192,654 | 0 | 0 | 0 | For |
| Thrivent | 1,107,939 | 0 | 0 | 0 | For |
| State Street | 914,323 | 26 | 0 | 0 | For |
| Invesco | 894,827 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 824,554 | 0 | 0 | 0 | For |
| DIAMOND HILL FUNDS | 758,058 | 0 | 0 | 0 | For |
| Cohen & Steers | 637,389 | 0 | 0 | 0 | For |
| DWS | 589,651 | 0 | 0 | 0 | For |
| TIAA | 510,702 | 0 | 0 | 0 | For |
| American Century | 371,569 | 0 | 0 | 0 | For |
| REAVES UTILITY INCOME FUND | 315,200 | 0 | 0 | 0 | For |
| Jackson National | 297,958 | 0 | 0 | 0 | For |
| Neuberger Berman | 279,328 | 0 | 0 | 0 | For |
| Brighthouse | 257,633 | 456 | 3,448 | 0 | For |
| SCHWARTZ INVESTMENT TRUST | 249,000 | 0 | 0 | 0 | For |
| Legg Mason | 244,172 | 0 | 0 | 0 | For |
| Brown Advisory Funds | 206,280 | 0 | 0 | 0 | For |
Showing the 25 largest of 161 asset managers. See all 161 in the interactive database.
Combines 6 wordings of this item as funds reported it.
99% Majority: yes · of votes cast
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 2024-05-24 (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. Of all 107,880,000 outstanding shares: 84% for, 1% against (85% of the company cast a for/against vote).
The 160 asset managers below cast 99.9% of the shares they voted on this item FOR (47,542,937 for, 9,906 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 17,037,274 | 0 | 0 | 0 | For |
| BlackRock | 3,535,695 | 0 | 0 | 0 | For |
| Principal | 3,507,524 | 0 | 0 | 0 | For |
| Fidelity | 3,338,817 | 0 | 0 | 0 | For |
| JPMorgan | 2,327,870 | 0 | 0 | 0 | For |
| MFS | 1,500,596 | 0 | 0 | 0 | For |
| Dimensional | 1,306,254 | 0 | 0 | 0 | For |
| T. Rowe Price | 1,278,498 | 0 | 0 | 0 | For |
| Charles Schwab | 1,192,654 | 0 | 0 | 0 | For |
| Thrivent | 1,107,939 | 0 | 0 | 0 | For |
| State Street | 914,323 | 26 | 0 | 0 | For |
| Invesco | 894,827 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 824,554 | 0 | 0 | 0 | For |
| DIAMOND HILL FUNDS | 758,058 | 0 | 0 | 0 | For |
| Cohen & Steers | 637,389 | 0 | 0 | 0 | For |
| DWS | 589,651 | 0 | 0 | 0 | For |
| TIAA | 510,702 | 0 | 0 | 0 | For |
| American Century | 371,569 | 0 | 0 | 0 | For |
| REAVES UTILITY INCOME FUND | 315,200 | 0 | 0 | 0 | For |
| Jackson National | 297,958 | 0 | 0 | 0 | For |
| Neuberger Berman | 279,328 | 0 | 0 | 0 | For |
| Brighthouse | 258,089 | 0 | 3,448 | 0 | For |
| SCHWARTZ INVESTMENT TRUST | 249,000 | 0 | 0 | 0 | For |
| Legg Mason | 244,172 | 0 | 0 | 0 | For |
| Brown Advisory Funds | 206,280 | 0 | 0 | 0 | For |
Showing the 25 largest of 160 asset managers. See all 160 in the interactive database.
Combines 6 wordings of this item as funds reported it.
90% Majority: yes · of votes cast
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 2024-05-24 (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. Of all 107,880,000 outstanding shares: 76% for, 9% against (85% of the company cast a for/against vote).
The 160 asset managers below cast 94% of the shares they voted on this item FOR (44,727,190 for, 2,825,654 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 17,037,274 | 0 | 0 | 0 | For |
| BlackRock | 3,534,030 | 1,665 | 0 | 0 | For |
| Principal | 3,507,524 | 0 | 0 | 0 | For |
| Fidelity | 3,338,817 | 0 | 0 | 0 | For |
| JPMorgan | 2,327,870 | 0 | 0 | 0 | For |
| MFS | 1,500,596 | 0 | 0 | 0 | For |
| Dimensional | 1,306,254 | 0 | 0 | 0 | For |
| T. Rowe Price | 0 | 1,278,498 | 0 | 0 | Against |
| Charles Schwab | 1,192,654 | 0 | 0 | 0 | For |
| Thrivent | 1,107,939 | 0 | 0 | 0 | For |
| State Street | 342 | 914,007 | 0 | 0 | Against |
| Invesco | 894,827 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 824,554 | 0 | 0 | 0 | For |
| DIAMOND HILL FUNDS | 758,058 | 0 | 0 | 0 | For |
| Cohen & Steers | 637,389 | 0 | 0 | 0 | For |
| DWS | 589,651 | 0 | 0 | 0 | For |
| TIAA | 510,702 | 0 | 0 | 0 | For |
| American Century | 371,569 | 0 | 0 | 0 | For |
| REAVES UTILITY INCOME FUND | 315,200 | 0 | 0 | 0 | For |
| Jackson National | 119,615 | 178,343 | 0 | 0 | Against |
| Neuberger Berman | 279,328 | 0 | 0 | 0 | For |
| Brighthouse | 258,083 | 6 | 3,448 | 0 | For |
| SCHWARTZ INVESTMENT TRUST | 249,000 | 0 | 0 | 0 | For |
| Legg Mason | 244,172 | 0 | 0 | 0 | For |
| Brown Advisory Funds | 206,280 | 0 | 0 | 0 | For |
Showing the 25 largest of 160 asset managers. See all 160 in the interactive database.
Combines 6 wordings of this item as funds reported it.
94% Majority: yes · of votes cast
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 2024-05-24 (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. Of all 107,880,000 outstanding shares: 80% for, 5% against (85% of the company cast a for/against vote).
The 160 asset managers below cast 96% of the shares they voted on this item FOR (45,721,204 for, 1,830,284 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 17,037,274 | 0 | 0 | 0 | For |
| BlackRock | 3,534,030 | 1,665 | 0 | 0 | For |
| Principal | 3,507,524 | 0 | 0 | 0 | For |
| Fidelity | 3,338,817 | 0 | 0 | 0 | For |
| JPMorgan | 2,327,870 | 0 | 0 | 0 | For |
| MFS | 1,500,596 | 0 | 0 | 0 | For |
| Dimensional | 1,306,254 | 0 | 0 | 0 | For |
| T. Rowe Price | 0 | 1,278,498 | 0 | 0 | Against |
| Charles Schwab | 1,192,654 | 0 | 0 | 0 | For |
| Thrivent | 1,107,939 | 0 | 0 | 0 | For |
| State Street | 914,258 | 91 | 0 | 0 | For |
| Invesco | 894,827 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 824,554 | 0 | 0 | 0 | For |
| DIAMOND HILL FUNDS | 758,058 | 0 | 0 | 0 | For |
| Cohen & Steers | 637,389 | 0 | 0 | 0 | For |
| DWS | 589,651 | 0 | 0 | 0 | For |
| TIAA | 510,702 | 0 | 0 | 0 | For |
| American Century | 371,569 | 0 | 0 | 0 | For |
| REAVES UTILITY INCOME FUND | 315,200 | 0 | 0 | 0 | For |
| Jackson National | 119,615 | 178,343 | 0 | 0 | Against |
| Neuberger Berman | 279,328 | 0 | 0 | 0 | For |
| Brighthouse | 258,083 | 6 | 3,448 | 0 | For |
| SCHWARTZ INVESTMENT TRUST | 249,000 | 0 | 0 | 0 | For |
| Legg Mason | 244,172 | 0 | 0 | 0 | For |
| Brown Advisory Funds | 206,280 | 0 | 0 | 0 | For |
Showing the 25 largest of 160 asset managers. See all 160 in the interactive database.
Combines 6 wordings of this item as funds reported it.
88% Majority: yes · of votes cast
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 2024-05-24 (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. Of all 107,880,000 outstanding shares: 74% for, 11% against (85% of the company cast a for/against vote).
The 160 asset managers below cast 93% of the shares they voted on this item FOR (44,310,708 for, 3,242,133 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 17,037,274 | 0 | 0 | 0 | For |
| BlackRock | 3,534,030 | 1,665 | 0 | 0 | For |
| Principal | 3,507,524 | 0 | 0 | 0 | For |
| Fidelity | 3,338,817 | 0 | 0 | 0 | For |
| JPMorgan | 2,327,870 | 0 | 0 | 0 | For |
| MFS | 1,500,596 | 0 | 0 | 0 | For |
| Dimensional | 1,306,254 | 0 | 0 | 0 | For |
| T. Rowe Price | 0 | 1,278,498 | 0 | 0 | Against |
| Charles Schwab | 1,192,654 | 0 | 0 | 0 | For |
| Thrivent | 1,107,939 | 0 | 0 | 0 | For |
| State Street | 914,232 | 117 | 0 | 0 | For |
| Invesco | 587,267 | 307,560 | 0 | 0 | For |
| Columbia Threadneedle | 824,554 | 0 | 0 | 0 | For |
| DIAMOND HILL FUNDS | 758,058 | 0 | 0 | 0 | For |
| Cohen & Steers | 637,389 | 0 | 0 | 0 | For |
| DWS | 589,651 | 0 | 0 | 0 | For |
| TIAA | 0 | 510,702 | 0 | 0 | Against |
| American Century | 371,569 | 0 | 0 | 0 | For |
| REAVES UTILITY INCOME FUND | 315,200 | 0 | 0 | 0 | For |
| Jackson National | 50,656 | 247,302 | 0 | 0 | Against |
| Neuberger Berman | 279,328 | 0 | 0 | 0 | For |
| Brighthouse | 51,972 | 206,117 | 3,448 | 0 | Against |
| SCHWARTZ INVESTMENT TRUST | 249,000 | 0 | 0 | 0 | For |
| Legg Mason | 244,172 | 0 | 0 | 0 | For |
| Brown Advisory Funds | 206,280 | 0 | 0 | 0 | For |
Showing the 25 largest of 160 asset managers. See all 160 in the interactive database.
96% Majority: yes · of votes cast
SBA COMMUNICATIONS CORP.’s own tally for this item (“Proposal 3 The shareholders approved, on an advisory basis, the compensation of the Company's named executive officers.”): 88,158,433 for, 3,579,793 against, per its Form 8-K filed 2024-05-24 (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. Of all 107,880,000 outstanding shares: 82% for, 3% against (85% of the company cast a for/against vote).
The 8 asset managers below cast 100% of the shares they voted on this item FOR (21,215 for, 0 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| HAHN CAPITAL MANAGEMENT LLC | 14,350 | 0 | 0 | 0 | For |
| Investment Managers Series Trust | 6,700 | 0 | 0 | 0 | For |
| TOWNSEND ASSET MANAGEMENT CORP /NC/ /ADV | 123 | 0 | 0 | 0 | For |
| Palisades Hudson Asset Management, L.P. | 34 | 0 | 0 | 0 | For |
| GRIMES & COMPANY, INC. | 6 | 0 | 0 | 0 | For |
| BALLAST ADVISORS LLC | 1 | 0 | 0 | 0 | For |
| Baker Avenue Asset Management, LP | 1 | 0 | 0 | 0 | For |
| Port Capital LLC | 0 | 0 | 0 | 0 | -- |
Ranked by the number of SBA COMMUNICATIONS CORP. shares each manager voted on the most widely held ballot item of the 2023-2024 meeting, shown as a share of the 107,880,000 shares outstanding at the time of that meeting.
| # | Asset manager | % of shares outstanding |
|---|---|---|
| 1 | Vanguard | 16.32% |
| 2 | BlackRock | 6.82% |
| 3 | TRILLIUM ASSET MANAGEMENT, LLC | 5.26% |
| 4 | PRINCIPAL GLOBAL INVESTORS | 4.68% |
| 5 | JPMorgan | 4.39% |
| 6 | New York Life | 3.85% |
| 7 | T. Rowe Price | 3.82% |
| 8 | Fidelity | 3.77% |
| 9 | State Street | 3.26% |
| 10 | Principal | 3.25% |
Positions disclosed to the SEC on Schedules 13D and 13G, Form 13F and the company’s own proxy statement (DEF 14A).
| 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 2024-03-31 (see the filing on EDGAR). This is the count contemporaneous with the 2023-2024 meeting, so the percentages are the ones that were true then, not ones restated against today’s share count.
Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered investment companies and institutional managers disclose how they voted every proxy, 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 2024-03-31. This page is a static snapshot rebuilt weekly on 02 October 2026; a live search always shows the current data.
At SBA COMMUNICATIONS CORP.'s shareholder meeting held 2024-05-23, in the 2023-2024 proxy season, 707 asset managers reported how they voted in their SEC Form N-PX filings, covering 5,525 separate fund positions. Their filings are grouped here into 7 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. On the most widely held item on that ballot — Approval, on an advisory basis, of the compensation of SBA's named executive officers. — FOR was 96% 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), which is more than half. Whether the item was approved is for the filing to say; that statement has not been read for this item. Source: SBA COMMUNICATIONS CORP.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on 2024-05-24.
SBA COMMUNICATIONS CORP. proxy season coverage: 2023-2024 (this page) · 2024-2025 · 2025-2026.