Donald Day - Sep 13, 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
Sep 13, 2024
Transactions value $
-$129,540
Form type
4
Date filed
9/17/2024, 06:30 PM
Previous filing
Aug 7, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBAC Class A Common Stock Options Exercise $235K +1.5K +30.01% $156.50 6.5K Sep 13, 2024 Direct
transaction SBAC Class A Common Stock Sale -$364K -1.5K -23.08% $242.86 5K Sep 13, 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 Stock Options (Right to Buy) Options Exercise $0 -1.5K -39.26% $0.00 2.32K Sep 13, 2024 Class A Common Stock 1.5K $156.50 Direct F2
holding SBAC Stock Options (Right to Buy) 5.74K Sep 13, 2024 Class A Common Stock 5.74K $182.30 Direct F2
holding SBAC Restricted Stock Units 233 Sep 13, 2024 Class A Common Stock 233 Direct F3, F4
holding SBAC Performance Restricted Stock Units 698 Sep 13, 2024 Class A Common Stock 698 Direct F5, F6
holding SBAC Performance Restricted Stock Units 698 Sep 13, 2024 Class A Common Stock 698 Direct F5, F7
holding SBAC Restricted Stock Units 540 Sep 13, 2024 Class A Common Stock 540 Direct F3, F8
holding SBAC Performance Restricted Stock Units 809 Sep 13, 2024 Class A Common Stock 809 Direct F5, F9
holding SBAC Performance Restricted Stock Units 809 Sep 13, 2024 Class A Common Stock 809 Direct F5, F10
holding SBAC Restricted Stock Units 1.67K Sep 13, 2024 Class A Common Stock 1.67K Direct F3, F11
holding SBAC Performance Restricted Stock Units 1.67K Sep 13, 2024 Class A Common Stock 1.67K Direct F5, F12
holding SBAC Restricted Stock Units 1.37K Sep 13, 2024 Class A Common Stock 1.37K Direct F3, F13
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranges from $242.83 to $242.905 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or the security holder of the issuer full information regarding the number of shares sold at each separate price.
F2 These stock 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: 232 vested on the first anniversary of the grant date and 233 vested on the second anniversary and 233 vests on the third anniversary 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: 269 vested on the first anniversary of the grant date and 270 vest on the second and third anniversaries 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: 555 vest on the first through third anniversaries 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.
F13 These restricted stock units vest in accordance with the following schedule: 456 vest on the first anniversary of the grant date and 457 vest on the second and third anniversaries of the grant date (August 1, 2024).