Jeffrey Stoops - 23 May 2024 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
28 May 2024, 18:22:56 UTC
Prior SEC filing
08 Mar 2024
Next SEC filing
02 Aug 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Joshua Koenig, Attorney-in-Fact

Key filing fact

Jeffrey Stoops filed Form 4 for SBA COMMUNICATIONS CORP (SBAC) on 28 May 2024.

Key facts

  • This page summarizes Jeffrey Stoops's Form 4 filing for SBA COMMUNICATIONS CORP (SBAC).
  • 1 reported transaction and 9 derivative rows are listed below.
  • Accepted by SEC: 28 May 2024, 18:22.

Change

  • Previous filing in this sequence was filed on 08 Mar 2024.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

SBAC holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
159,348
Date
23 May 2024
Ownership
Direct
SBAC holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
259,863
Date
23 May 2024
Ownership
By Limited Partnership
Footnotes
F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

SBAC transaction Derivative

Restricted Stock Units

Award

Transaction value
$0
Shares
+906
Change %
Price
$0.000000
Shares after
906
Date
23 May 2024
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
906
Exercise price
Footnotes
F3, F11
SBAC holding Derivative

Stock Options (Right to Buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
137,601
Date
23 May 2024
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
137,601
Exercise price
$156.50
Footnotes
F2
SBAC holding Derivative

Stock Options (Right to Buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
149,446
Date
23 May 2024
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
149,446
Exercise price
$182.30
Footnotes
F2
SBAC holding Derivative

Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
2,965
Date
23 May 2024
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
2,965
Exercise price
Footnotes
F3, F4
SBAC holding Derivative

Performance Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
8,894
Date
23 May 2024
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
8,894
Exercise price
Footnotes
F5, F6
SBAC holding Derivative

Performance Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
8,894
Date
23 May 2024
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
8,894
Exercise price
Footnotes
F5, F7
SBAC holding Derivative

Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
6,936
Date
23 May 2024
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
6,936
Exercise price
Footnotes
F3, F8
SBAC holding Derivative

Performance Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
10,404
Date
23 May 2024
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
10,404
Exercise price
Footnotes
F6, F9
SBAC holding Derivative

Performance Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
10,404
Date
23 May 2024
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
10,404
Exercise price
Footnotes
F6, F10
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 11 footnotes

Footnote F1

These shares are owned by Calculated Risk Partners, L.P., a Delaware limited partnership ("CRLP"). The Reporting Person and his spouse control the general partner of CRLP. The Reporting Person disclaims beneficial ownership of the stock owned by CRLP except to the extent of his pecuniary interest therein.

Footnote F2

These options are fully vested and exercisable.

Footnote F3

Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.

Footnote F4

These restricted stock units vest in accordance with the following schedule: 2,964 vested on the first anniversary of the grant date and 2,965 vest on each of the second and third anniversaries of the grant date (March 4, 2022).

Footnote F5

Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.

Footnote 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 condition.

Footnote 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 condition.

Footnote F8

These restricted stock units vest in accordance with the following schedule: 3,468 vest on the first through third anniversaries of the grant date (March 6, 2023).

Footnote 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 condition.

Footnote 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 condition.

Footnote F11

These restricted stock units vest in accordance with the following schedule: 302 vest on May 1, 2025; 302 vest on May 1, 2026; and 302 vest on May 1, 2027.

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