Mark R. Ciarfella - Mar 6, 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 6, 2024
Transactions value $
-$57,195
Form type
4
Date filed
3/8/2024, 06:31 PM
Previous filing
Mar 6, 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 +714 +2.15% $0.00 33.9K Mar 6, 2024 Direct
transaction SBAC Class A Common Stock Tax liability -$57.2K -264 -0.78% $216.50 33.6K Mar 6, 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 -714 -33.3% $0.00 1.43K Mar 6, 2024 Class A Common Stock 714 Direct F3, F8
transaction SBAC Restricted Stock units Award $0 +4.77K $0.00 4.77K Mar 6, 2024 Class A Common Stock 4.77K Direct F3, F11
transaction SBAC Performance Restricted Stock Units Award $0 +4.77K $0.00 4.77K Mar 6, 2024 Class A Common Stock 4.77K Direct F5, F12
holding SBAC Stock Options (Right to Buy) 3.55K Mar 6, 2024 Class A Common Stock 3.55K $182.30 Direct F2
holding SBAC Restricted Stock Units 611 Mar 6, 2024 Class A Common Stock 611 Direct F3, F4
holding SBAC Performance Restricted Stock Units 1.83K Mar 6, 2024 Class A Common Stock 1.83K Direct F5, F6
holding SBAC Performance Restricted Stock Units 1.83K Mar 6, 2024 Class A Common Stock 1.83K Direct F5, F7
holding SBAC Performance Restricted Stock Units 2.14K Mar 6, 2024 Class A Common Stock 2.14K Direct F5, F9
holding SBAC Performance Restricted Stock Units 2.14K Mar 6, 2024 Class A Common Stock 2.14K Direct F5, F10
* 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 These options are fully vested and exercisable.
F3 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F4 These restricted stock units vest in accordance with the following schedule: 610 vest on the first and second anniversary of the grant date and 611 vest on third anniversaries of the grant date (March 4, 2022).
F5 Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F6 These performance restricted stock units have a three-year performance period and to the extent earned will vest 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 (up to 200%) or decrease based on the results of the performance conditions.
F7 These performance restricted stock units have a three-year performance period and to the extent earned will vest 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 (up to 200%) or decrease based on the results of the performance conditions.
F8 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).
F9 These performance restricted stock units have a three-year performance period and to the extent earned will vest 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 (up to 200%) or decrease based on the results of the performance conditions.
F10 These performance restricted stock units have a three-year performance period and to the extent earned will vest 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 (up to 200%) or decrease based on the results of the performance conditions.
F11 These restricted stock units vest in accordance with the following schedule: 1,591 vest on the first and second anniversaries and 1,590 vest on the third anniversary of the grant date (March 6, 2024).
F12 These performance restricted stock units will be earned based upon the Issuer's performance on each of three different financial metrics during the three-year performance period. Once earned, the performance restricted stock units will vest on March 6, 2027. 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 decrease or increase (up to 200%) based on the results of the performance conditions.