Richard M. Cane - Mar 4, 2024 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, 2024
Transactions value $
-$84,381
Form type
4
Date filed
3/6/2024, 08:30 PM
Previous filing
Mar 7, 2023
Next filing
Mar 8, 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 +9.46% $0.00 2.29K Mar 4, 2024 Direct F1
transaction SBAC Class A Common Stock Tax liability -$10K -48.2 -2.1% $208.29 2.24K Mar 4, 2024 Direct F2
transaction SBAC Class A Common Stock Options Exercise $0 +1.19K +52.87% $0.00 3.43K Mar 4, 2024 Direct F3
transaction SBAC Class A Common Stock Tax liability -$64.7K -311 -9.06% $208.29 3.12K Mar 4, 2024 Direct F2
transaction SBAC Class A Common Stock Options Exercise $0 +190 +6.09% $0.00 3.31K Mar 4, 2024 Direct
transaction SBAC Class A Common Stock Tax liability -$9.64K -46.3 -1.4% $208.29 3.26K Mar 4, 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% $0.00* 0 Mar 4, 2024 Class A Common Stock 198 Direct F4, F5
transaction SBAC Performance Restricted Stock Units Options Exercise $0 -593 -100% $0.00* 0 Mar 4, 2024 Class A Common Stock 593 Direct F3, F6, F7
transaction SBAC Restricted Stock Units Options Exercise $0 -190 -50% $0.00 190 Mar 4, 2024 Class A Common Stock 190 Direct F4, F8
holding SBAC Performance Restricted Stock Units 569 Mar 4, 2024 Class A Common Stock 569 Direct F6, F9
holding SBAC Performance Restricted Stock Units 569 Mar 4, 2024 Class A Common Stock 569 Direct F6, F10
holding SBAC Restricted Stock Units 2.08K Mar 4, 2024 Class A Common Stock 2.08K Direct F4, F11
holding SBAC Performance Restricted Stock Units 2.08K Mar 4, 2024 Class A Common Stock 2.08K Direct F6, F12
holding SBAC Performance Restricted Stock Units 2.08K Mar 4, 2024 Class A Common Stock 2.08K 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.