JASON SILBERSTEIN V. - 06 Mar 2024 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Role
EVP - SITE LEASING
Signature
/s/ Joshua Koenig, Attorney-in-Fact
Issuer symbol
SBAC
Transactions as of
06 Mar 2024
Net transactions value
-$62,744
Form type
4
Filing time
08 Mar 2024, 18:31:14 UTC
Previous filing
06 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBAC Class A Common Stock Options Exercise $1,896,274 +16,465 +47% $115.17 51,460 06 Mar 2024 Direct
transaction SBAC Class A Common Stock Tax liability $1,876,189 -8,666 -17% $216.50 42,794 06 Mar 2024 Direct F1
transaction SBAC Class A Common Stock Options Exercise $0 +1,034 +2.4% $0.000000 43,828 06 Mar 2024 Direct
transaction SBAC Class A Common Stock Tax liability $82,829 -383 -0.87% $216.50 43,446 06 Mar 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 Stock Options (Right to Buy) Options Exercise $0 -16,465 -100% $0.000000* 0 06 Mar 2024 Class A Common Stock 16,465 $115.17 Direct F3
transaction SBAC Restricted Stock Units Options Exercise $0 -1,034 -33% $0.000000 2,070 06 Mar 2024 Class A Common Stock 1,034 Direct F4, F9
transaction SBAC Restricted Stock Units Award $0 +5,993 $0.000000 5,933 06 Mar 2024 Class A Common Stock 5,993 Direct F4, F12
transaction SBAC Performance Restricted Stock Units Award $0 +5,994 $0.000000 5,994 06 Mar 2024 Class A Common Stock 5,994 Direct F6, F13
holding SBAC Stock Options (Right to Buy) 39,918 06 Mar 2024 Class A Common Stock 39,918 $156.50 Direct F3
holding SBAC Stock Options (Right to Buy) 44,592 06 Mar 2024 Class A Common Stock 44,592 $182.30 Direct F3
holding SBAC Restricted Stock Units 879 06 Mar 2024 Class A Common Stock 879 Direct F4, F5
holding SBAC Performance Restricted Stock Units 2,637 06 Mar 2024 Class A Common Stock 2,637 Direct F6, F7
holding SBAC Performance Restricted Stock Units 2,637 06 Mar 2024 Class A Common Stock 2,637 Direct F6, F8
holding SBAC Performance Restricted Stock Units 3,104 06 Mar 2024 Class A Common Stock 3,104 Direct F6, F10
holding SBAC Performance Restricted Stock Units 3,104 06 Mar 2024 Class A Common Stock 3,104 Direct F6, F11
* 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 and exercise price.
F2 Shares withheld for payment of tax liability.
F3 These 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: 879 vest on each of the first through third anniversaries of the grant date (March 4, 2022).
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 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 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.
F9 These restricted stock units vest in accordance with the following schedule: 1,034 vest on the first anniversary of the grant date and 1,035 vest on the second and third anniversaries of the grant date (March 6, 2023).
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 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.
F12 These restricted stock units vest in accordance with the following schedule: 1,997 vest on the first anniversary and 1,998 on the second and third anniversaries of the grant date (March 6, 2024).
F13 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.