Marc Montagner - 17 Oct 2024 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Role
EVP - CHIEF FINANCIAL OFFICER
Signature
/s/ Joshua Koenig, Attorney-in-Fact
Issuer symbol
SBAC
Transactions as of
17 Oct 2024
Transactions value $
-$155,438
Form type
4
Filing time
18 Oct 2024, 18:30:06 UTC
Previous filing
02 Oct 2024
Next filing
02 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 Options Exercise $0 +1,588 +15.61% $0 1,689 17 Oct 2024 Direct F1
transaction SBAC Class A Common Stock Tax liability -$155,438 -625 -36.98% $248.75 1,064 17 Oct 2024 Direct F2

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 -1,588 -33.33% $0 3,176 17 Oct 2024 Class A Common Stock 1,588 Direct F3, F4
holding SBAC Restricted Stock Units 6,215 17 Oct 2024 Class A Common Stock 6,215 Direct F3, F5
holding SBAC Performance Restricted Stock Units 6,215 17 Oct 2024 Class A Common Stock 6,215 Direct F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 0.512 shares acquired through a dividend reinvestment plan.
F2 Shares withheld for payment of tax liability.
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: 1,588 vest on the first through third anniversaries of the grant date (October 17, 2023).
F5 These restricted stock units vest in accordance with the following schedule: 2,072 vest on the first and second anniversaries and 2,071 vest on the third anniversary of the grant date (March 6, 2024).
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 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.