Jason Silberstein V - 06 Mar 2024 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
08 Mar 2024, 18:31:14 UTC
Prior SEC filing
06 Mar 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Joshua Koenig, Attorney-in-Fact

Key filing fact

Jason Silberstein V filed Form 4 for SBA COMMUNICATIONS CORP (SBAC) on 08 Mar 2024.

Key facts

  • This page summarizes Jason Silberstein V's Form 4 filing for SBA COMMUNICATIONS CORP (SBAC).
  • 8 reported transactions and 11 derivative rows are listed below.
  • Accepted by SEC: 08 Mar 2024, 18:31.

Change

  • Previous filing in this sequence was filed on 06 Mar 2024.
  • Current net transaction value: -$62,744.

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 transaction

Class A Common Stock

Options Exercise

Transaction value
$1,896,274
Shares
+16,465
Change %
+47%
Price
$115.17
Shares after
51,460
Date
06 Mar 2024
Ownership
Direct
SBAC transaction

Class A Common Stock

Tax liability

Transaction value
$1,876,189
Shares
-8,666
Change %
-17%
Price
$216.50
Shares after
42,794
Date
06 Mar 2024
Ownership
Direct
Footnotes
F1
SBAC transaction

Class A Common Stock

Options Exercise

Transaction value
$0
Shares
+1,034
Change %
+2.4%
Price
$0.000000
Shares after
43,828
Date
06 Mar 2024
Ownership
Direct
SBAC transaction

Class A Common Stock

Tax liability

Transaction value
$82,829
Shares
-383
Change %
-0.87%
Price
$216.50
Shares after
43,446
Date
06 Mar 2024
Ownership
Direct
Footnotes
F2

Reported derivative securities

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

SBAC transaction Derivative

Stock Options (Right to Buy)

Options Exercise

Transaction value
$0
Shares
-16,465
Change %
-100%
Price
$0.000000*
Shares after
0
Date
06 Mar 2024
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
16,465
Exercise price
$115.17
Footnotes
F3
SBAC transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-1,034
Change %
-33%
Price
$0.000000
Shares after
2,070
Date
06 Mar 2024
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
1,034
Exercise price
Footnotes
F4, F9
SBAC transaction Derivative

Restricted Stock Units

Award

Transaction value
$0
Shares
+5,993
Change %
Price
$0.000000
Shares after
5,933
Date
06 Mar 2024
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
5,993
Exercise price
Footnotes
F4, F12
SBAC transaction Derivative

Performance Restricted Stock Units

Award

Transaction value
$0
Shares
+5,994
Change %
Price
$0.000000
Shares after
5,994
Date
06 Mar 2024
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
5,994
Exercise price
Footnotes
F6, F13
SBAC holding Derivative

Stock Options (Right to Buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
39,918
Date
06 Mar 2024
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
39,918
Exercise price
$156.50
Footnotes
F3
SBAC holding Derivative

Stock Options (Right to Buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
44,592
Date
06 Mar 2024
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
44,592
Exercise price
$182.30
Footnotes
F3
SBAC holding Derivative

Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
879
Date
06 Mar 2024
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
879
Exercise price
Footnotes
F4, F5
SBAC holding Derivative

Performance Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
2,637
Date
06 Mar 2024
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
2,637
Exercise price
Footnotes
F6, F7
SBAC holding Derivative

Performance Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
2,637
Date
06 Mar 2024
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
2,637
Exercise price
Footnotes
F6, F8
SBAC holding Derivative

Performance Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
3,104
Date
06 Mar 2024
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
3,104
Exercise price
Footnotes
F6, F10
SBAC holding Derivative

Performance Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
3,104
Date
06 Mar 2024
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
3,104
Exercise price
Footnotes
F6, F11
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 13 footnotes

Footnote F1

Shares withheld for payment of tax liability and exercise price.

Footnote F2

Shares withheld for payment of tax liability.

Footnote F3

These options are fully vested and exercisable.

Footnote F4

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

Footnote F5

These restricted stock units vest in accordance with the following schedule: 879 vest on each of the first through third anniversaries of the grant date (March 4, 2022).

Footnote F6

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

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 conditions.

Footnote F8

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.

Footnote F9

These restricted stock units vest in accordance with the following schedule: 1,034 vest on the first anniversary of the grant date and 1,035 vest on the second and third anniversaries of the grant date (March 6, 2023).

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 conditions.

Footnote F11

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.

Footnote F12

These restricted stock units vest in accordance with the following schedule: 1,997 vest on the first anniversary and 1,998 on the second and third anniversaries of the grant date (March 6, 2024).

Footnote F13

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.

We use cookies and similar technologies to provide certain features, enhance the user experience and, if you allow them, measure engagement and deliver advertising. Analytics and marketing storage stay off until you grant consent. By clicking on "Agree and continue", you declare your consent to the use of the selected optional cookies. Manage preferences to update or revoke optional consent for future visits. For more information, see our Privacy Policy .