Joshua Koenig - Mar 4, 2024 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Role
EXECUTIVE VP/GENERAL COUNSEL
Signature
/s/ Joshua Koenig
Stock symbol
SBAC
Transactions as of
Mar 4, 2024
Transactions value $
-$153,576
Form type
4
Date filed
3/6/2024, 08:30 PM
Previous filing
Nov 29, 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 +229 +4.42% $0.00 5.41K Mar 4, 2024 Direct
transaction SBAC Class A Common Stock Tax liability -$18.8K -90.1 -1.67% $208.29 5.32K Mar 4, 2024 Direct F1
transaction SBAC Class A Common Stock Options Exercise $0 +1.37K +25.83% $0.00 6.69K Mar 4, 2024 Direct F2
transaction SBAC Class A Common Stock Tax liability -$117K -563 -8.4% $208.29 6.13K Mar 4, 2024 Direct F1
transaction SBAC Class A Common Stock Options Exercise $0 +215 +3.51% $0.00 6.35K Mar 4, 2024 Direct
transaction SBAC Class A Common Stock Tax liability -$17.6K -84.6 -1.33% $208.29 6.26K Mar 4, 2024 Direct F1

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 -229 -100% $0.00* 0 Mar 4, 2024 Class A Common Stock 229 Direct F4, F5
transaction SBAC Performance Restricted Stock Units Options Exercise $0 -687 -100% $0.00* 0 Mar 4, 2024 Class A Common Stock 687 Direct F2, F6, F7
transaction SBAC Restricted Stock Units Options Exercise $0 -215 -49.88% $0.00 216 Mar 4, 2024 Class A Common Stock 215 Direct F4, F8
holding SBAC Stock Options (Right to Buy) 2.72K Mar 4, 2024 Class A Common Stock 2.72K $156.50 Direct F3
holding SBAC Stock Options (Right to Buy) 9.12K Mar 4, 2024 Class A Common Stock 9.12K $182.30 Direct F3
holding SBAC Performance Restricted Stock Units 646 Mar 4, 2024 Class A Common Stock 646 Direct F6, F9
holding SBAC Performance Restricted Stock Units 646 Mar 4, 2024 Class A Common Stock 646 Direct F6, F10
holding SBAC Restricted Stock Units 1.97K Mar 4, 2024 Class A Common Stock 1.97K Direct F4, F11
holding SBAC Performance Restricted Stock Units 1.97K Mar 4, 2024 Class A Common Stock 1.97K Direct F6, F12
holding SBAC Performance Restricted Stock Units 1.97K Mar 4, 2024 Class A Common Stock 1.97K Direct F6, F13
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares withheld for payment of tax liability.
F2 As previously reported on a Form 4, the Reporting Person was awarded 687 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 1,374 shares of Class A Common Stock became issuable to the Reporting Person.
F3 These options are fully vested and immediately exercisable.
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: 229 vest on the first through third anniversaries of the grant date (March 4, 2021).
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 restricted stock units vest in accordance with the following schedule: 215 vest on the first and second anniversaries of the grant date and 216 vest on the third anniversary of the grant date (March 4, 2022).
F9 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.
F10 These performance 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 period.
F11 These restricted stock units vest in accordance with the following schedule: 655 vest on the first through third anniversaries of the grant date (March 6,2023).
F12 These performance 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 period.
F13 These performance 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 period.