Richard M. Cane - 04 Mar 2024 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Signature
/s/ Joshua Koenig, Attorney-in-Fact
Issuer symbol
SBAC
Transactions as of
04 Mar 2024
Net transactions value
-$84,381
Form type
4
Filing time
06 Mar 2024, 20:30:10 UTC
Previous filing
07 Mar 2023
Next filing
08 Mar 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 +9.5% $0.000000 2,292 04 Mar 2024 Direct F1
transaction SBAC Class A Common Stock Tax liability $10,042 -48 -2.1% $208.29 2,243 04 Mar 2024 Direct F2
transaction SBAC Class A Common Stock Options Exercise $0 +1,186 +53% $0.000000 3,429 04 Mar 2024 Direct F3
transaction SBAC Class A Common Stock Tax liability $64,703 -311 -9.1% $208.29 3,119 04 Mar 2024 Direct F2
transaction SBAC Class A Common Stock Options Exercise $0 +190 +6.1% $0.000000 3,309 04 Mar 2024 Direct
transaction SBAC Class A Common Stock Tax liability $9,636 -46 -1.4% $208.29 3,263 04 Mar 2024 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 $0 -198 -100% $0.000000* 0 04 Mar 2024 Class A Common Stock 198 Direct F4, F5
transaction SBAC Performance Restricted Stock Units Options Exercise $0 -593 -100% $0.000000* 0 04 Mar 2024 Class A Common Stock 593 Direct F3, F6, F7
transaction SBAC Restricted Stock Units Options Exercise $0 -190 -50% $0.000000 190 04 Mar 2024 Class A Common Stock 190 Direct F4, F8
holding SBAC Performance Restricted Stock Units 569 04 Mar 2024 Class A Common Stock 569 Direct F6, F9
holding SBAC Performance Restricted Stock Units 569 04 Mar 2024 Class A Common Stock 569 Direct F6, F10
holding SBAC Restricted Stock Units 2,081 04 Mar 2024 Class A Common Stock 2,081 Direct F4, F11
holding SBAC Performance Restricted Stock Units 2,081 04 Mar 2024 Class A Common Stock 2,081 Direct F6, F12
holding SBAC Performance Restricted Stock Units 2,081 04 Mar 2024 Class A Common Stock 2,081 Direct F6, F13
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes an aggregate of 19.584 shares acquired on March 1, 2024 pursuant to the SBA Communications Corporation 2018 Employee Stock Purchase Plan.
F2 Shares withheld for the payment of tax liability.
F3 As previously reported on a Form 4, the Reporting Person was awarded 593 performance restricted stock units (PSUs) on March 4, 2021 which were subject to increase or decrease based the results of the performance condition. On March 4, 2024, these PSUs vested at 200% of target based on the results of the performance condition, such that 1,186 shares of Class A Common Stock became issuable to the Reporting Person.
F4 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F5 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).
F6 Each performance restricted stock unit represents a contingent right to received one share of Class A Common Stock.
F7 The 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 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).
F9 The 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.
F10 The 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.
F11 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).
F12 The 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.
F13 The 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.