Richard M. Cane - Mar 4, 2023 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Role
EVP; Pres. - International
Signature
/s/ Joshua Koenig, Attorney-in-Fact
Stock symbol
SBAC
Transactions as of
Mar 4, 2023
Transactions value $
-$24,534
Form type
4
Date filed
3/7/2023, 05:59 PM
Previous filing
Feb 28, 2023
Next filing
Mar 6, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBAC Class A Common Stock Options Exercise $0 +198 +11.12% $0.00 1.98K Mar 4, 2023 Direct F1
transaction SBAC Class A Common Stock Tax liability -$12.6K -48.2 -2.44% $260.35 1.93K Mar 6, 2023 Direct F2
transaction SBAC Class A Common Stock Options Exercise $0 +189 +9.79% $0.00 2.12K Mar 4, 2023 Direct
transaction SBAC Class A Common Stock Tax liability -$12K -46 -2.17% $260.35 2.07K 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 -198 -50% 198 Mar 4, 2023 Class A Common Stock 198 Direct F3, F4, F5
transaction SBAC Restricted Stock Units Options Exercise -189 -33.22% 380 Mar 4, 2023 Class A Common Stock 189 Direct F3, F9, F10
transaction SBAC Restricted Stock Units Award $0 +2.08K $0.00 2.08K Mar 6, 2023 Class A Common Stock 2.08K Direct F3, F13
transaction SBAC Performance Restricted Stock Units Award $0 +2.08K $0.00 2.08K Mar 6, 2023 Class A Common Stock 2.08K Direct F6, F14
transaction SBAC Performance Restricted Stock Units Award $0 +2.08K $0.00 2.08K Mar 6, 2023 Class A Common Stock 2.08K Direct F6, F15
holding SBAC Performance Restricted Stock Units 593 Mar 4, 2023 Class A Common Stock 593 Direct F6, F7
holding SBAC Performance Restricted Stock Units 593 Mar 4, 2023 Class A Common Stock 593 Direct F6, F8
holding SBAC Performance Restricted Stock Units 569 Mar 4, 2023 Class A Common Stock 569 Direct F6, F11
holding SBAC Performance Restricted Stock Units 569 Mar 4, 2023 Class A Common Stock 569 Direct F6, F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 11.75 shares acquired on February 28, 2023 pursuant to the SBA Communications Corporation 2018 Employee Stock Purchase Plan.
F2 Shares withheld for payment of tax liability.
F3 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F4 These restricted stock units vest in accordance with the following schedule: 197 vest on the first anniversary of the grant date and 198 vest on each of the second and third anniversaries of the grant date (March 4, 2021).
F5 On March 4, 2023, 198 of the Reporting Person's restricted share units were settled for an equal number of shares of Class A Common Stock.
F6 Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F7 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.
F8 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.
F9 These restricted stock units vest in accordance with the following schedule: 189 vest on the first anniversary of the grant date and 190 vest on each of the second and third anniversaries of the grant date (March 4, 2022).
F10 On March 4, 2023, 189 of the Reporting Person's restricted share units were settled for an equal number of shares of Class A Common Stock.
F11 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.
F12 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.
F13 These restricted stock units vest in accordance with the following schedule: 693 vest on the first anniversary of the grant date and 694 vest on each of the second and third anniversaries of the grant date (March 6, 2023).
F14 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.
F15 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.