Mark R. Ciarfella - Mar 4, 2024 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Role
EVP - OPERATIONS
Signature
/s/ Joshua Koenig, Attorney-in-Fact
Stock symbol
SBAC
Transactions as of
Mar 4, 2024
Transactions value $
-$286,427
Form type
4
Date filed
3/6/2024, 08:30 PM
Previous filing
Dec 1, 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 +677 +2.32% $0.00 29.8K Mar 4, 2024 Direct F1, F2
transaction SBAC Class A Common Stock Tax liability -$31K -149 -0.5% $208.29 29.7K Mar 4, 2024 Direct F3
transaction SBAC Class A Common Stock Options Exercise $0 +4.06K +13.67% $0.00 33.8K Mar 4, 2024 Direct F4
transaction SBAC Class A Common Stock Tax liability -$210K -1.01K -2.99% $208.29 32.7K Mar 4, 2024 Direct F3
transaction SBAC Class A Common Stock Options Exercise $0 +610 +1.86% $0.00 33.4K Mar 4, 2024 Direct
transaction SBAC Class A Common Stock Tax liability -$45K -216 -0.65% $208.29 33.1K Mar 4, 2024 Direct F3

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 -677 -100% $0.00* 0 Mar 4, 2024 Class A Common Stock 677 Direct F6, F7
transaction SBAC Performance Restricted Stock Units Options Exercise $0 -2.03K -100% $0.00* 0 Mar 4, 2024 Class A Common Stock 2.03K Direct F4, F8, F9
transaction SBAC Restricted Stock Units Options Exercise $0 -610 -49.96% $0.00 611 Mar 4, 2024 Class A Common Stock 610 Direct F6, F10
holding SBAC Stock Options (Right to Buy) 3.55K Mar 4, 2024 Class A Common Stock 3.55K $182.30 Direct F5
holding SBAC Performance Restricted Stock Units 1.83K Mar 4, 2024 Class A Common Stock 1.83K Direct F8, F11
holding SBAC Performance Restricted Stock Units 1.83K Mar 4, 2024 Class A Common Stock 1.83K Direct F8, F12
holding SBAC Restricted Stock Units 2.14K Mar 4, 2024 Class A Common Stock 2.14K Direct F6, F13
holding SBAC Performance Restricted Stock Units 2.14K Mar 4, 2024 Class A Common Stock 2.14K Direct F8, F14
holding SBAC Performance Restricted Stock Units 2.14K Mar 4, 2024 Class A Common Stock 2.14K Direct F8, F15
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 60.0403 shares acquired through a dividend reinvestment plan.
F2 Includes an aggregate of 101.23 shares acquired on March 1, 2024 pursuant to the SBA Communications Corporation 2018 Employee Stock Purchase Plan.
F3 Shares withheld for payment of tax liability.
F4 As previously reported on a Form 4, the Reporting Person was awarded 2,030 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 4,060 shares of Class A Common Stock became issuable to the Reporting Person.
F5 These stock options are fully vested and exercisable.
F6 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F7 The restricted stock units vest in accordance with the following schedule: 676 vest on the first anniversary of the grant date and 677 vest on each of the second and third anniversaries of the grant date (March 4, 2021).
F8 Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F9 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.
F10 These restricted stock units vest in accordance with the following schedule: 610 on the first and second anniversaries of the grant date and 611 on the third anniversary of the grant date (March 4, 2022).
F11 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.
F12 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.
F13 These restricted stock units vest in accordance with the following schedule: 714 vest on the first anniversary of the grant date and 715 vest on the second and third anniversary of the grant date (March 6, 2023).
F14 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.
F15 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.