Home › Companies › SBA COMMUNICATIONS CORP. › 2024-2025
Compiled from SEC Form N-PX filings and SBA COMMUNICATIONS CORP.’s Form 8-K, filed 2025-05-23 (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 2025-05-23 (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: Kevin L. Beebe | 90,780,910 | 6,960,797 | 43,713 | -- | 2,941,763 | Majority: yes |
| Elect Director: Jack Langer | 87,766,476 | 9,975,129 | 43,815 | -- | 2,941,763 | Majority: yes |
| Elect Director: Jeffrey A. Stoops | 88,307,804 | 9,434,801 | 42,815 | -- | 2,941,763 | 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 2025 fiscal year. | 95,304,308 | 5,380,685 | 42,190 | -- | -- | Majority: yes |
| Proposal 3 The shareholders approved, on an advisory basis, the compensation of the Company's named executive officers. | 92,881,987 | 4,715,401 | 188,032 | -- | 2,941,763 | Majority: yes |
Source: SBA COMMUNICATIONS CORP., Form 8-K, filed with the SEC on 2025-05-23 — read the filing on EDGAR.
Each item below shows how the 718 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.
Meeting held 2025-05-23.
Combines 14 wordings of this item as funds reported it.
95% 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.”): 92,881,987 for, 4,715,401 against, per its Form 8-K filed 2025-05-23 (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 108,028,000 outstanding shares: 86% for, 4% against (90% of the company cast a for/against vote).
The 702 asset managers below cast 96% 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 | 17,997,935 | 674 | 0 | 0 | For |
| Dodge & Cox | 14,216,075 | 0 | 0 | 0 | For |
| BlackRock | 8,242,704 | 3,843 | 0 | 0 | For |
| JPMorgan | 7,142,052 | 0 | 0 | 0 | For |
| Fidelity | 3,866,058 | 0 | 0 | 0 | For |
| State Street | 3,792,722 | 20,098 | 0 | 0 | For |
| Victory Capital | 3,287,449 | 0 | 0 | 0 | For |
| GEODE CAPITAL MANAGEMENT, LLC | 3,087,122 | 0 | 0 | 0 | For |
| Charles Schwab | 2,722,370 | 0 | 0 | 0 | For |
| PRINCIPAL GLOBAL INVESTORS | 2,686,952 | 0 | 0 | 0 | For |
| T. Rowe Price | 2,677,666 | 0 | 0 | 0 | For |
| Invesco | 2,303,858 | 0 | 0 | 0 | For |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | 1,583,895 | 360,902 | 0 | 0 | For |
| Cohen & Steers | 1,624,600 | 0 | 0 | 0 | For |
| Thrivent | 1,330,693 | 0 | 0 | 0 | For |
| Dimensional | 1,212,935 | 0 | 0 | 0 | For |
| MFS | 1,196,228 | 0 | 0 | 0 | For |
| Principal | 1,048,204 | 0 | 0 | 0 | For |
| Northern Trust | 1,013,388 | 0 | 0 | 0 | For |
| Legal & General Investment Management Ltd | 20,185 | 948,150 | 0 | 0 | Against |
| DIAMOND HILL FUNDS | 945,911 | 0 | 0 | 0 | For |
| American Century | 886,467 | 0 | 0 | 0 | For |
| BROOKFIELD Corp /ON/ | 810,584 | 0 | 0 | 0 | For |
| Capital Group | 743,428 | 0 | 0 | 0 | For |
| DIAMOND HILL CAPITAL MANAGEMENT INC | 723,662 | 0 | 0 | 0 | For |
Showing the 25 largest of 702 asset managers. See all 702 in the interactive database.
Meeting held 2025-05-23.
Combines 7 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: Jack Langer”): 87,766,476 for, 9,975,129 against, per its Form 8-K filed 2025-05-23 (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 108,028,000 outstanding shares: 81% for, 9% against (90% of the company cast a for/against vote).
The 163 asset managers below cast 95% of the shares they voted on this item FOR (49,900,827 for, 2,507,229 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 17,291,249 | 2 | 0 | 0 | For |
| Dodge & Cox | 6,370,985 | 0 | 0 | 0 | For |
| BlackRock | 3,686,704 | 0 | 0 | 0 | For |
| Fidelity | 3,326,382 | 0 | 0 | 0 | For |
| JPMorgan | 2,294,958 | 0 | 0 | 0 | For |
| Victory Capital | 1,454,689 | 0 | 0 | 0 | For |
| Cohen & Steers | 1,366,725 | 0 | 0 | 0 | For |
| Charles Schwab | 1,329,041 | 0 | 0 | 0 | For |
| MFS | 1,196,228 | 0 | 0 | 0 | For |
| Invesco | 1,099,628 | 0 | 0 | 0 | For |
| State Street | 11,653 | 1,050,410 | 0 | 0 | Against |
| Principal | 1,048,204 | 0 | 0 | 0 | For |
| Dimensional | 1,016,753 | 0 | 0 | 0 | For |
| DIAMOND HILL FUNDS | 945,911 | 0 | 0 | 0 | For |
| T. Rowe Price | 0 | 689,657 | 0 | 0 | Against |
| Thrivent | 652,616 | 0 | 0 | 0 | For |
| TIAA | 548,286 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 0 | 464,217 | 0 | 0 | Against |
| American Century | 456,940 | 0 | 0 | 0 | For |
| Jackson National | 370,966 | 61,665 | 0 | 0 | For |
| Bridge Builder Trust | 339,659 | 52,227 | 0 | 0 | For |
| REAVES UTILITY INCOME FUND | 389,200 | 0 | 0 | 0 | For |
| Capital Group | 360,135 | 0 | 0 | 0 | For |
| SCHWARTZ INVESTMENT TRUST | 274,000 | 0 | 0 | 0 | For |
| Legg Mason | 255,663 | 0 | 0 | 0 | For |
Showing the 25 largest of 163 asset managers. See all 163 in the interactive database.
Meeting held 2025-05-23.
Combines 7 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: Jeffrey A. Stoops”): 88,307,804 for, 9,434,801 against, per its Form 8-K filed 2025-05-23 (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 108,028,000 outstanding shares: 82% for, 9% against (90% of the company cast a for/against vote).
The 163 asset managers below cast 96% of the shares they voted on this item FOR (50,139,823 for, 2,268,233 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 17,290,073 | 1,178 | 0 | 0 | For |
| Dodge & Cox | 6,370,985 | 0 | 0 | 0 | For |
| BlackRock | 3,685,997 | 707 | 0 | 0 | For |
| Fidelity | 3,326,382 | 0 | 0 | 0 | For |
| JPMorgan | 2,294,958 | 0 | 0 | 0 | For |
| Victory Capital | 1,454,689 | 0 | 0 | 0 | For |
| Cohen & Steers | 1,366,725 | 0 | 0 | 0 | For |
| Charles Schwab | 1,329,041 | 0 | 0 | 0 | For |
| MFS | 1,196,228 | 0 | 0 | 0 | For |
| Invesco | 1,099,628 | 0 | 0 | 0 | For |
| State Street | 1,062,051 | 12 | 0 | 0 | For |
| Principal | 1,048,204 | 0 | 0 | 0 | For |
| Dimensional | 1,016,753 | 0 | 0 | 0 | For |
| DIAMOND HILL FUNDS | 945,911 | 0 | 0 | 0 | For |
| T. Rowe Price | 0 | 689,657 | 0 | 0 | Against |
| Thrivent | 652,616 | 0 | 0 | 0 | For |
| TIAA | 0 | 548,286 | 0 | 0 | Against |
| Columbia Threadneedle | 0 | 464,217 | 0 | 0 | Against |
| American Century | 456,940 | 0 | 0 | 0 | For |
| Jackson National | 335,888 | 96,743 | 0 | 0 | For |
| Bridge Builder Trust | 339,659 | 52,227 | 0 | 0 | For |
| REAVES UTILITY INCOME FUND | 389,200 | 0 | 0 | 0 | For |
| Capital Group | 360,135 | 0 | 0 | 0 | For |
| SCHWARTZ INVESTMENT TRUST | 274,000 | 0 | 0 | 0 | For |
| Legg Mason | 255,663 | 0 | 0 | 0 | For |
Showing the 25 largest of 163 asset managers. See all 163 in the interactive database.
Meeting held 2025-05-23.
Combines 7 wordings of this item as funds reported it.
93% Majority: yes · of votes cast
SBA COMMUNICATIONS CORP.’s own tally for this item (“Elect Director: Kevin L. Beebe”): 90,780,910 for, 6,960,797 against, per its Form 8-K filed 2025-05-23 (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 108,028,000 outstanding shares: 84% for, 6% against (90% of the company cast a for/against vote).
The 163 asset managers below cast 98% of the shares they voted on this item FOR (51,163,420 for, 1,244,637 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 17,291,250 | 1 | 0 | 0 | For |
| Dodge & Cox | 6,370,985 | 0 | 0 | 0 | For |
| BlackRock | 3,686,704 | 0 | 0 | 0 | For |
| Fidelity | 3,326,382 | 0 | 0 | 0 | For |
| JPMorgan | 2,294,958 | 0 | 0 | 0 | For |
| Victory Capital | 1,454,689 | 0 | 0 | 0 | For |
| Cohen & Steers | 1,366,725 | 0 | 0 | 0 | For |
| Charles Schwab | 1,329,041 | 0 | 0 | 0 | For |
| MFS | 1,196,228 | 0 | 0 | 0 | For |
| Invesco | 1,099,628 | 0 | 0 | 0 | For |
| State Street | 1,062,051 | 12 | 0 | 0 | For |
| Principal | 1,048,204 | 0 | 0 | 0 | For |
| Dimensional | 1,016,753 | 0 | 0 | 0 | For |
| DIAMOND HILL FUNDS | 945,911 | 0 | 0 | 0 | For |
| T. Rowe Price | 0 | 689,657 | 0 | 0 | Against |
| Thrivent | 652,616 | 0 | 0 | 0 | For |
| TIAA | 548,286 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 464,217 | 0 | 0 | 0 | For |
| American Century | 456,940 | 0 | 0 | 0 | For |
| Jackson National | 370,966 | 61,665 | 0 | 0 | For |
| Bridge Builder Trust | 69,372 | 322,514 | 0 | 0 | Against |
| REAVES UTILITY INCOME FUND | 389,200 | 0 | 0 | 0 | For |
| Capital Group | 360,135 | 0 | 0 | 0 | For |
| SCHWARTZ INVESTMENT TRUST | 274,000 | 0 | 0 | 0 | For |
| Legg Mason | 255,663 | 0 | 0 | 0 | For |
Showing the 25 largest of 163 asset managers. See all 163 in the interactive database.
Meeting held 2025-05-23.
Combines 6 wordings of this item as funds reported it.
95% 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 2025 fiscal year.”): 95,304,308 for, 5,380,685 against, per its Form 8-K filed 2025-05-23 (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 108,028,000 outstanding shares: 88% for, 5% against (93% of the company cast a for/against vote).
The 163 asset managers below cast 99.9% of the shares they voted on this item FOR (52,368,114 for, 21,606 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 17,290,074 | 1,177 | 0 | 0 | For |
| Dodge & Cox | 6,370,985 | 0 | 0 | 0 | For |
| BlackRock | 3,686,704 | 0 | 0 | 0 | For |
| Fidelity | 3,326,382 | 0 | 0 | 0 | For |
| JPMorgan | 2,294,958 | 0 | 0 | 0 | For |
| Victory Capital | 1,454,689 | 0 | 0 | 0 | For |
| Cohen & Steers | 1,366,725 | 0 | 0 | 0 | For |
| Charles Schwab | 1,329,041 | 0 | 0 | 0 | For |
| MFS | 1,196,228 | 0 | 0 | 0 | For |
| Invesco | 1,099,628 | 0 | 0 | 0 | For |
| State Street | 1,062,051 | 12 | 0 | 0 | For |
| Principal | 1,048,204 | 0 | 0 | 0 | For |
| Dimensional | 1,016,753 | 0 | 0 | 0 | For |
| DIAMOND HILL FUNDS | 945,911 | 0 | 0 | 0 | For |
| T. Rowe Price | 689,657 | 0 | 0 | 0 | For |
| Thrivent | 652,616 | 0 | 0 | 0 | For |
| TIAA | 548,286 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 464,217 | 0 | 0 | 0 | For |
| American Century | 456,940 | 0 | 0 | 0 | For |
| Jackson National | 432,631 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 391,886 | 0 | 0 | 0 | For |
| REAVES UTILITY INCOME FUND | 389,200 | 0 | 0 | 0 | For |
| Capital Group | 360,135 | 0 | 0 | 0 | For |
| SCHWARTZ INVESTMENT TRUST | 274,000 | 0 | 0 | 0 | For |
| Legg Mason | 255,663 | 0 | 0 | 0 | For |
Showing the 25 largest of 163 asset managers. See all 163 in the interactive database.
Meeting held 2025-05-23.
95% 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.”): 92,881,987 for, 4,715,401 against, per its Form 8-K filed 2025-05-23 (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 108,028,000 outstanding shares: 86% for, 4% against (90% of the company cast a for/against vote).
The 6 asset managers below cast 99.2% of the shares they voted on this item FOR (14,026 for, 103 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| HAHN CAPITAL MANAGEMENT LLC | 13,948 | 0 | 0 | 0 | For |
| Focus Partners Wealth | 1 | 103 | 0 | 0 | Against |
| Palisades Hudson Asset Management, L.P. | 34 | 0 | 0 | 0 | For |
| Baker Avenue Asset Management, LP | 23 | 0 | 0 | 0 | For |
| MQS Management LLC | 11 | 0 | 0 | 0 | For |
| Ballew Advisors, Inc | 9 | 0 | 0 | 0 | For |
Meeting held 2024-05-23 (outside the 2024-2025 season's 1 July to 30 June window; reported in this season's filings).
Combines 2 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 108,028,000 outstanding shares: 82% for, 3% against (85% of the company cast a for/against vote).
The 5 asset managers below cast 100% of the shares they voted on this item FOR (5,024 for, 0 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| CANTOR FITZGERALD INFRASTRUCTURE FUND | 4,275 | 0 | 0 | 0 | For |
| COLDSTREAM CAPITAL MANAGEMENT INC | 445 | 0 | 0 | 0 | For |
| Americana Partners, LLC | 230 | 0 | 0 | 0 | For |
| VAUGHAN DAVID INVESTMENTS LLC/IL | 74 | 0 | 0 | 0 | For |
| Echo45 Advisors LLC | 0 | 0 | 0 | 0 | -- |
Meeting held 2025-05-23.
100% fund support · no official result
The 2 asset managers below cast 100% of the shares they voted on this item FOR (79 for, 0 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Members Trust Co | 70 | 0 | 0 | 0 | For |
| Ballew Advisors, Inc | 9 | 0 | 0 | 0 | For |
Ranked by the number of SBA COMMUNICATIONS CORP. shares each manager voted on the most widely held ballot item of the 2024-2025 meeting, shown as a share of the 108,028,000 shares outstanding at the time of that meeting.
| # | Asset manager | % of shares outstanding |
|---|---|---|
| 1 | Vanguard | 16.66% |
| 2 | Dodge & Cox | 13.16% |
| 3 | BlackRock | 7.63% |
| 4 | JPMorgan | 6.61% |
| 5 | Fidelity | 3.58% |
| 6 | State Street | 3.53% |
| 7 | Victory Capital | 3.04% |
| 8 | GEODE CAPITAL MANAGEMENT, LLC | 2.86% |
| 9 | Charles Schwab | 2.52% |
| 10 | PRINCIPAL GLOBAL INVESTORS | 2.49% |
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 | 16.35% | 13F |
| BlackRock | 9.29% | 13F |
| Vanguard Portfolio Management | 9.00% | 13G |
| Dodge & Cox | 8.95% | 13G |
| JPMorgan Chase | 5.53% | 13F |
| State Street | 4.25% | 13F |
| Dimensional Fund Advisors | 1.40% | 13F |
| Morgan Stanley | 1.32% | 13F |
| Charles Schwab | 1.25% | 13F |
| Invesco | 1.22% | 13F |
Percentages above are of 108,028,000 shares outstanding, as reported by SBA COMMUNICATIONS CORP. on its Form 10-Q dated 2025-03-31 (see the filing on EDGAR). This is the count contemporaneous with the 2024-2025 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 2025-03-31. 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 2025-05-23, in the 2024-2025 proxy season, 718 asset managers reported how they voted in their SEC Form N-PX filings, covering 4,613 separate fund positions. Their filings are grouped here into 8 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 95% 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 2025-05-23.
SBA COMMUNICATIONS CORP. proxy season coverage: 2023-2024 · 2024-2025 (this page) · 2025-2026.