Joshua Koenig - 04 Mar 2025 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Role
EXECUTIVE VP/GENERAL COUNSEL
Signature
/s/ Joshua Koenig
Issuer symbol
SBAC
Transactions as of
04 Mar 2025
Net transactions value
-$131,443
Form type
4
Filing time
06 Mar 2025, 18:30:11 UTC
Previous filing
24 Jan 2025
Next filing
10 Mar 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 Options Exercise $0 +216 +3.6% $0.000000 6,294 04 Mar 2025 Direct
transaction SBAC Class A Common Stock Tax liability $18,827 -85 -1.4% $221.51 6,209 04 Mar 2025 Direct F1
transaction SBAC Class A Common Stock Options Exercise $0 +1,292 +21% $0.000000 7,501 04 Mar 2025 Direct F2
transaction SBAC Class A Common Stock Tax liability $112,616 -508 -6.8% $221.51 6,993 04 Mar 2025 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 -216 -100% $0.000000 0 04 Mar 2025 Class A Common Stock 216 Direct F4, F5
transaction SBAC Performance Restricted Stock Units Options Exercise $0 -646 -100% $0.000000 0 04 Mar 2025 Class A Common Stock 646 Direct F2, F6, F7
transaction SBAC Performance Restricted Stock Units Disposed to Issuer $0 -646 -100% $0.000000 0 04 Mar 2025 Class A Common Stock 646 Direct F6, F8, F9
holding SBAC Stock Options (Right to Buy) 9,121 04 Mar 2025 Class A Common Stock 9,121 $182.30 Direct F3
holding SBAC Restricted Stock Units 1,310 04 Mar 2025 Class A Common Stock 1,310 Direct F4, F10
holding SBAC Performance Restricted Stock Units 1,965 04 Mar 2025 Class A Common Stock 1,965 Direct F6, F11
holding SBAC Performance Restricted Stock Units 1,965 04 Mar 2025 Class A Common Stock 1,965 Direct F6, F12
holding SBAC Restricted Stock Units 4,440 04 Mar 2025 Class A Common Stock 4,440 Direct F4, F13
holding SBAC Performance Restricted Stock Units 4,440 04 Mar 2025 Class A Common Stock 4,440 Direct F6, F14
* 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.
F2 These performance restricted stock units (PSUs) were awarded on March 4, 2022 and were subject to increase or decrease based on the results of the performance condition. These PSUs vested at 200% of target based on the results of the performance condition, such that 1,292 shares of Class A Common Stock vested.
F3 These options are fully vested and immediately 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: 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).
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 vest on March 4, 2025. The number of shares of Class A Common Stock that will be earned is subject to increase or decrease based on the results of the performance condition.
F8 The PSUs previously reported as acquired by the reporting person were forfeited because the minimum performance criteria required for vesting was not met.
F9 These performance stock units have a three-year performance period and to the extent earned vest on March 4, 2025. The number of shares of Class A Common Stock that will be earned 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: 655 vest on the first through third anniversaries of the grant date (March 6,2023).
F11 These performance stock units have a three-year performance period and to the extent earned vest on March 6, 2026. The number of shares of Class A Common Stock that will be earned is subject to increase or decrease based on the results of the performance condition.
F12 These performance stock units have a three-year performance period and to the extent earned vest on March 6, 2026. The number of shares of Class A Common Stock that will be earned is subject to increase or decrease based on the results of the performance condition.
F13 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).
F14 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 subject to decrease or increase (up to 200%) based on the results of the performance conditions.