Jason V. Silberstein - Mar 4, 2023 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Role
EVP - Site Leasing
Signature
/s/ Joshua Koenig, Attorney-in-Fact
Stock symbol
SBAC
Transactions as of
Mar 4, 2023
Transactions value $
-$297,815
Form type
4
Date filed
3/7/2023, 05:58 PM
Previous filing
Feb 28, 2023
Next filing
Dec 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBAC Class A Common Stock Options Exercise $0 +991 +3.52% $0.00 29.1K Mar 4, 2023 Direct F1
transaction SBAC Class A Common Stock Tax liability -$102K -390 -1.34% $260.35 28.7K Mar 6, 2023 Direct F2
transaction SBAC Class A Common Stock Options Exercise $0 +879 +3.06% $0.00 29.6K Mar 4, 2023 Direct F3, F4
transaction SBAC Class A Common Stock Tax liability -$90.1K -346 -1.17% $260.35 29.3K Mar 6, 2023 Direct F2
transaction SBAC Class A Common Stock Options Exercise $0 +1.04K +3.54% $0.00 30.3K Mar 6, 2023 Direct F5
transaction SBAC Class A Common Stock Tax liability -$106K -408 -1.35% $260.35 29.9K Mar 6, 2023 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SBAC Restricted Stock Units Options Exercise -1.04K -100% 0 Mar 6, 2023 Class A Common Stock 1.04K Direct F5, F8, F9
transaction SBAC Restricted Stock Units Options Exercise -991 -50% 991 Mar 4, 2023 Class A Common Stock 991 Direct F1, F8, F10
transaction SBAC Restricted Stock Units Options Exercise -879 -33.33% 1.76K Mar 4, 2023 Class A Common Stock 879 Direct F4, F8, F14
transaction SBAC Restricted Stock Units Award $0 +3.1K $0.00 3.1K Mar 6, 2023 Class A Common Stock 3.1K Direct F8, F17
transaction SBAC Performance Restricted Stock Units Award $0 +3.1K $0.00 3.1K Mar 6, 2023 Class A Common Stock 3.1K Direct F11, F18
transaction SBAC Performance Restricted Stock Units Award $0 +3.1K $0.00 3.1K Mar 6, 2023 Class A Common Stock 3.1K Direct F11, F19
holding SBAC Stock Options (Right to Buy) 32.9K Mar 4, 2023 Class A Common Stock 32.9K $115.17 Direct F6
holding SBAC Stock Options (Right to Buy) 39.9K Mar 4, 2023 Class A Common Stock 39.9K $156.50 Direct F6
holding SBAC Stock Options (Right to Buy) 44.6K Mar 4, 2023 Class A Common Stock 44.6K $182.30 Direct F7
holding SBAC Performance Restricted Stock Units 2.97K Mar 4, 2023 Class A Common Stock 2.97K Direct F11, F12
holding SBAC Performance Restricted Stock Units 2.97K Mar 4, 2023 Class A Common Stock 2.97K Direct F11, F13
holding SBAC Performance Restricted Stock Units 2.64K Mar 4, 2023 Class A Common Stock 2.64K Direct F11, F15
holding SBAC Performance Restricted Stock Units 2.64K Mar 4, 2023 Class A Common Stock 2.64K Direct F11, F16
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 4, 2023, 991 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
F2 Shares withheld for payment of tax liability.
F3 Represents shares issued in connection with the vesting of performance restricted share units. The Compensation Committee of the Issuer's Board of Directors determined achievement of the applicable AFFO performance metric at 200%.
F4 On March 4, 2023, 879 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
F5 On March 6, 2023, 1,037 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
F6 These options are immediately exercisable.
F7 These options vest in accordance with the following schedule: 11,148 vest on each of the first through fourth anniversaries of the grant date (March 6, 2019).
F8 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F9 These restricted stock units vest in accordance with the following schedule: 1,036 vest on first anniversary of the grant date and 1,037 vest on each of the second through fourth anniversaries of the grant date (March 6, 2019).
F10 These restricted stock units vest in accordance with the following schedule: 991 vest on each of the first through third anniversaries of the grant date (March 4, 2021).
F11 Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F12 These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on March 4, 2024, which is the third anniversary of the grant date. The number of shares of Class A Common Stock that will be earned at the end of the three-year performance period is subject to increase or decrease based on the results of the performance condition.
F13 These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on March 4, 2024, which is the third anniversary of the grant date. The number of shares of Class A Common Stock that will be earned at the end of the three-year performance period is subject to increase or decrease based on the results of the performance condition.
F14 These restricted stock units vest in accordance with the following schedule: 879 vest on each of the first through third anniversaries of the grant date (March 4, 2022).
F15 These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on March 4, 2025, which is the third anniversary of the grant date. The number of shares of Class A Common Stock that will be earned at the end of the three-year performance period is subject to increase or decrease based on the results of the performance condition.
F16 These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on March 4, 2025, which is the third anniversary of the grant date. The number of shares of Class A Common Stock that will be earned at the end of the three-year performance period is subject to increase or decrease based on the results of the performance condition.
F17 These restricted stock units vest in accordance with the following schedule: 1,034 vest on the first anniversary of the grant date and 1,035 vest on each of the second through fourth anniversaries of the grant date (March 6, 2023).
F18 These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on March 6, 2026, which is the third anniversary of the grant date. The number of shares of Class A Common Stock that will be earned at the end of the three-year performance period is subject to increase or decrease based on the results of the performance condition.
F19 These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on March 6, 2026, which is the third anniversary of the grant date. The number of shares of Class A Common Stock that will be earned at the end of the three-year performance period is subject to increase or decrease based on the results of the performance condition.