Kevin L. Beebe
About Kevin L. Beebe
Independent director at SBA Communications (SBAC), age 66, serving since 2009. CEO of 2B Partners, LLC since Nov 2007; previously Group President of Operations at ALLTEL (1998–2007) and EVP of Operations at 360° Communications (1996–1998). The Board classifies him as independent; he brings deep telecom/technology operating experience and is deemed an Audit Committee financial expert. Committees: Audit and Compensation. Director term nominated through 2028.
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| ALLTEL Corporation | Group President of Operations | 1998–2007 | Led large-scale telecom operations execution |
| 360° Communications Co. | EVP of Operations | 1996–1998 | Wireless operations leadership |
| 2B Partners, LLC | President & CEO | Nov 2007–present | Strategic/operational advisor in tech/telecom |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Skyworks Solutions, Inc. | Director | Not disclosed | Semiconductor company (public) |
| Frontier Communications Parent, Inc. | Director | Not disclosed | Communications company (public) |
| Astra Capital | Founding Partner | Not disclosed | Private equity firm |
Board Governance
- Independence: The Board affirmatively determined Beebe is independent under Nasdaq standards.
- Committee assignments: Audit (member) and Compensation (member). Audit met 6x in 2024; Compensation met 5x.
- Financial expertise: Board determined Beebe meets SEC “audit committee financial expert” criteria.
- Attendance: Board met 6x in 2024; each incumbent director attended ≥75% of applicable Board/Committee meetings.
- Board structure: Lead Independent Director (not Beebe) presides executive sessions; independent directors meet in executive session regularly.
- Outside-board limit: Corporate Governance Guidelines limit service to ≤2 additional public boards without NCG Chair consultation; Beebe serves on two (Skyworks, Frontier) in addition to SBAC—within policy.
Fixed Compensation (Director)
| Year | Cash Retainer | Committee Chair/Lead Fees | Total Cash | Notes |
|---|---|---|---|---|
| 2024 | $100,000 | $0 | $100,000 | SBAC 2024 non-employee director retainer |
Performance Compensation (Director)
| Grant/Instrument | Grant Date | Shares/# | Grant Date Fair Value | Vesting | Notes |
|---|---|---|---|---|---|
| RSU (annual director grant) | May 23, 2024 | 906 | $171,044 | 3 equal annual installments on May 1, 2025/2026/2027 | Annual equity value policy $190,000; shares derived by average Mar–Apr price |
| Stock Options (outstanding) | — | 2,912 (outstanding at 12/31/24) | — | N/A | Aggregate outstanding for Beebe as of year-end |
Notes: SBAC’s director equity awards are time-based RSUs (no performance metrics). No additional meeting fees; only chairs receive incremental retainers (not applicable to Beebe).
Other Directorships & Interlocks
| Company | Potential Interlock/Consideration | Evidence |
|---|---|---|
| Frontier Communications Parent, Inc. (public) | Sector overlap with SBAC’s telecom customers; monitor for any recusals if counterparty matters arise | Beebe disclosed as director; SBAC reports no related party transactions in 2024 requiring disclosure |
| Skyworks Solutions, Inc. (public) | Semiconductor supply chain, not a known SBAC counterparty | Beebe disclosed as director |
| Astra Capital (private equity) | Investment activity in communications could create perceived conflicts if counterparties overlap; Audit Committee reviews related-party transactions | Founding partner role disclosed; SBAC notes no Item 404 transactions since 1/1/2024 |
Expertise & Qualifications
- Telecom/technology operations, senior leadership, capital allocation/M&A, risk oversight; designated audit financial expert.
- Skills align with SBAC’s global tower portfolio and evolving wireless technology landscape.
Equity Ownership
| Metric | Value | As Of | Source |
|---|---|---|---|
| Beneficial ownership (shares) | 18,209 | Mar 21, 2025 | Security ownership table (incl. 3,637 options/RSUs vesting <60 days) |
| Ownership % of outstanding | <1% | Mar 21, 2025 | 108,028,122 shares outstanding |
| RSUs outstanding | 1,577 | Dec 31, 2024 | Director table |
| Stock options outstanding | 2,912 | Dec 31, 2024 | Director table |
| Pledged shares | None disclosed for Beebe | Mar 21, 2025 | Pledging flagged for other individuals, not for Beebe |
| Director ownership guideline | 5x annual retainer; retain 100% net shares until met (5-year window) | Policy | Stock ownership guidelines |
| Hedging/pledging policy | Hedging prohibited; pledging prohibited for shares counted toward guidelines | Policy | Governance policies |
Insider Trades (recent Form 4 filings)
| Date | Filing/Link | Description (per filing header) |
|---|---|---|
| May 6, 2024 | SEC Form 4 (Beebe) | Statement of changes in beneficial ownership of securities |
| May 3, 2024 | SEC Form 4 (Beebe) | Statement of changes in beneficial ownership of securities |
| May 1, 2025 | Form 4 (StreetInsider mirror) | Filing by Kevin L. Beebe (SBAC) |
| May 17, 2025 | Form 4 (StreetInsider mirror) | Filing by Kevin L. Beebe (SBAC) |
| May 2024 (pdf) | Form 4 PDF mirror | SBAC: BEEBE KEVIN L (Cloudfront) |
Note: Annual director RSU grant disclosed by SBAC was 906 RSUs on May 23, 2024 (vesting over three years). Form 4 filings above reflect changes in beneficial ownership; see filing details for transaction codes and amounts.
Governance Assessment
Strengths
- Independent director with telecom operating depth; designated audit financial expert—enhances financial reporting, risk, and cyber oversight on Audit Committee.
- Clean related-party profile in 2024; Audit Committee reviews any such transactions.
- Strong alignment structure: director stock ownership guideline (5x retainer), hedging ban, pledging limits, majority voting with resignation policy.
- Shareholder voice/engagement strong; say-on-pay approval 96% in 2024; Compensation Committee uses independent advisors (FW Cook; Norton Rose) with no conflicts.
Watch items
- Tenure since 2009; Board cites active refreshment (37.5% new independent directors since 2022). Long tenure can be mitigated by ongoing refreshment and skills matrix fit.
- External roles include two other public boards plus a PE affiliation; within SBAC policy but warrants routine monitoring for time commitments and potential perceived conflicts if counterparties overlap (none disclosed in 2024).