Jason V. Silberstein - Mar 4, 2024 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Role
EVP - SITE LEASING
Signature
/s/ Joshua Koenig, Attorney-in-Fact
Stock symbol
SBAC
Transactions as of
Mar 4, 2024
Transactions value $
-$485,167
Form type
4
Date filed
3/6/2024, 08:30 PM
Previous filing
Jan 3, 2024
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 +991 +3.36% $0.00 30.5K Mar 4, 2024 Direct
transaction SBAC Class A Common Stock Tax liability -$76.4K -367 -1.2% $208.29 30.1K Mar 4, 2024 Direct F1
transaction SBAC Class A Common Stock Options Exercise $0 +5.95K +19.73% $0.00 36.1K Mar 4, 2024 Direct F2
transaction SBAC Class A Common Stock Tax liability -$341K -1.64K -4.54% $208.29 34.4K Mar 4, 2024 Direct F1
transaction SBAC Class A Common Stock Options Exercise $0 +879 +2.55% $0.00 35.3K Mar 4, 2024 Direct
transaction SBAC Class A Common Stock Tax liability -$67.7K -325 -0.92% $208.29 35K 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 -991 -100% $0.00* 0 Mar 4, 2024 Class A Common Stock 991 Direct F4, F5
transaction SBAC Performance Restricted Stock Units Options Exercise $0 -2.97K -100% $0.00* 0 Mar 4, 2024 Class A Common Stock 2.97K Direct F2, F6, F7
transaction SBAC Restricted Stock Units Options Exercise $0 -879 -50% $0.00 879 Mar 4, 2024 Class A Common Stock 879 Direct F4, F8
holding SBAC Stock Options (Right to Buy) 16.5K Mar 4, 2024 Class A Common Stock 16.5K $115.17 Direct F3
holding SBAC Stock Options (Right to Buy) 39.9K Mar 4, 2024 Class A Common Stock 39.9K $156.50 Direct F3
holding SBAC Stock Options (Right to Buy) 44.6K Mar 4, 2024 Class A Common Stock 44.6K $182.30 Direct F3
holding SBAC Performance Restricted Stock Units 2.64K Mar 4, 2024 Class A Common Stock 2.64K Direct F6, F9
holding SBAC Performance Restricted Stock Units 2.64K Mar 4, 2024 Class A Common Stock 2.64K Direct F6, F10
holding SBAC Restricted Stock Units 3.1K Mar 4, 2024 Class A Common Stock 3.1K Direct F4, F11
holding SBAC Performance Restricted Stock Units 3.1K Mar 4, 2024 Class A Common Stock 3.1K Direct F6, F12
holding SBAC Performance Restricted Stock Units 3.1K Mar 4, 2024 Class A Common Stock 3.1K 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 2,973 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 5,946 shares of Class A Common Stock became issuable to the Reporting Person.
F3 These stock options are fully vested and 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: 991 vest on each of 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 result of the performance condition.
F8 These restricted stock units vest in accordance with the following schedule: 879 vest on each of the first through third anniversaries 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 result of the performance condition.
F10 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 result of the performance condition.
F11 These restricted stock units vest in accordance with the following schedule: 1,034 vest on the first anniversary of the grant date and 1,025 vest on the second and third anniversaries of the grant date (March 6, 2023).
F12 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 result of the performance condition.
F13 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 result of the performance condition.