Joshua Koenig - 27 Dec 2024 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Role
EXECUTIVE VP/GENERAL COUNSEL
Signature
/s/ Joshua Koenig
Issuer symbol
SBAC
Transactions as of
27 Dec 2024
Net transactions value
$0
Form type
4
Filing time
31 Dec 2024, 18:30:05 UTC
Previous filing
08 Mar 2024
Next filing
24 Jan 2025
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 Gift $0 -1,000 -15% $0.000000 5,659 27 Dec 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
holding SBAC Stock Options (Right to Buy) 2,724 27 Dec 2024 Class A Common Stock 2,724 $156.50 Direct F2
holding SBAC Stock Options (Right to Buy) 9,121 27 Dec 2024 Class A Common Stock 9,121 $182.30 Direct F2
holding SBAC Restricted Stock Units 216 27 Dec 2024 Class A Common Stock 216 Direct F3, F4
holding SBAC Performance Restricted Stock Units 646 27 Dec 2024 Class A Common Stock 646 Direct F5, F6
holding SBAC Performance Restricted Stock Units 646 27 Dec 2024 Class A Common Stock 646 Direct F5, F7
holding SBAC Restricted Stock Units 1,310 27 Dec 2024 Class A Common Stock 1,310 Direct F3, F8
holding SBAC Performance Restricted Stock Units 1,965 27 Dec 2024 Class A Common Stock 1,965 Direct F5, F9
holding SBAC Performance Restricted Stock Units 1,965 27 Dec 2024 Class A Common Stock 1,965 Direct F5, F10
holding SBAC Restricted Stock Units 4,440 27 Dec 2024 Class A Common Stock 4,440 Direct F3, F11
holding SBAC Performance Restricted Stock Units 4,440 27 Dec 2024 Class A Common Stock 4,440 Direct F5, F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person gifted these shares to a 501(c)(3) institution in an exempt transaction pursuant to Rule 16b-5 of the Securities Exchange Act of 1934, as amended.
F2 These options are fully vested and immediately 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: 215 vest on the first and second anniversaries of the grant date and 216 vest 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 condition.
F7 These performance 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 period.
F8 These restricted stock units vest in accordance with the following schedule: 655 vest on the first through third anniversaries of the grant date (March 6,2023).
F9 These performance 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 period.
F10 These performance 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 period.
F11 These restricted stock units vest in accordance with the following schedule: 1,480 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.