Mark R. Ciarfella - Dec 19, 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
Dec 19, 2024
Transactions value $
-$39,663
Form type
4
Date filed
12/23/2024, 07:30 PM
Previous filing
Dec 11, 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 +179 +0.53% $0.00 33.8K Dec 19, 2024 Direct F1
transaction SBAC Class A Common Stock Tax liability -$39.7K -179 -0.53% $221.58 33.6K Dec 19, 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 -179 -3.75% $0.00 4.59K Dec 19, 2024 Class A Common Stock 179 Direct F1, F2, F10
holding SBAC Restricted Stock Units 611 Dec 19, 2024 Class A Common Stock 611 Direct F2, F3
holding SBAC Performance Restricted Stock Units 1.83K Dec 19, 2024 Class A Common Stock 1.83K Direct F4, F5
holding SBAC Performance Restricted Stock Units 1.83K Dec 19, 2024 Class A Common Stock 1.83K Direct F4, F6
holding SBAC Restricted Stock Units 1.43K Dec 19, 2024 Class A Common Stock 1.43K Direct F2, F7
holding SBAC Performance Restricted Stock Units 2.14K Dec 19, 2024 Class A Common Stock 2.14K Direct F4, F8
holding SBAC Performance Restricted Stock Units 2.14K Dec 19, 2024 Class A Common Stock 2.14K Direct F4, F9
holding SBAC Performance Restricted Stock Units 4.77K Dec 19, 2024 Class A Common Stock 4.77K Direct F4, F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported transaction involved the early vesting of Restricted Stock Units and subsequent withholding of 179 shares of Class A Common Stock issuable upon such vesting to pay tax obligations associated with the Reporting Person being retirement eligible under the Issuer's equity program.
F2 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F3 These restricted stock units vest in accordance with the following schedule: 610 on the first and second anniversaries of the grant date and 611 on the third anniversary of the grant date (March 4, 2022).
F4 Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F5 The 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 results of the performance condition.
F6 The 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 results of the performance condition.
F7 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).
F8 The 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 results of the performance condition.
F9 The 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 results of the performance condition.
F10 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).
F11 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.