Donald Day - Mar 4, 2025 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Role
EVP - SITE LEASING
Signature
/s/ Joshua Koenig, Attorney-in-Fact
Stock symbol
SBAC
Transactions as of
Mar 4, 2025
Transactions value $
-$145,216
Form type
4
Date filed
3/6/2025, 06:30 PM
Previous filing
Dec 23, 2024
Next filing
Mar 10, 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 +233 +4.65% $0.00 5.24K Mar 4, 2025 Direct F1, F2
transaction SBAC Class A Common Stock Tax liability -$18.8K -84.7 -1.62% $221.51 5.15K Mar 4, 2025 Direct F3
transaction SBAC Class A Common Stock Options Exercise $0 +1.4K +27.08% $0.00 6.55K Mar 4, 2025 Direct F4
transaction SBAC Class A Common Stock Tax liability -$112K -507 -7.75% $221.51 6.04K Mar 4, 2025 Direct F3
transaction SBAC Class A Common Stock Options Exercise $0 +175 +2.89% $0.00 6.22K Mar 4, 2025 Direct F5
transaction SBAC Class A Common Stock Tax liability -$14.1K -63.4 -1.02% $221.51 6.15K Mar 4, 2025 Direct F3

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 -233 -100% $0.00 0 Mar 4, 2025 Class A Common Stock 233 Direct F7, F8
transaction SBAC Performance Restricted Stock Units Options Exercise $0 -698 -100% $0.00 0 Mar 4, 2025 Class A Common Stock 698 Direct F4, F9, F10
transaction SBAC Performance Restricted Stock Units Options Exercise $0 -175 -100% $0.00 0 Mar 4, 2025 Class A Common Stock 175 Direct F5, F9, F11
holding SBAC Stock Options (Right to Buy) 5.74K Mar 4, 2025 Class A Common Stock 5.74K $182.30 Direct F6
holding SBAC Restricted Stock Units 540 Mar 4, 2025 Class A Common Stock 540 Direct F7, F12
holding SBAC Performance Restricted Stock Units 809 Mar 4, 2025 Class A Common Stock 809 Direct F9, F13
holding SBAC Performance Restricted Stock Units 809 Mar 4, 2025 Class A Common Stock 809 Direct F9, F14
holding SBAC Restricted Stock Units 1.67K Mar 4, 2025 Class A Common Stock 1.67K Direct F7, F15
holding SBAC Performance Restricted Stock Units 1.67K Mar 4, 2025 Class A Common Stock 1.67K Direct F9, F16
holding SBAC Restricted Stock Units 1.37K Mar 4, 2025 Class A Common Stock 1.37K Direct F7, F17
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 7.588 shares acquired through a dividend reinvestment plan.
F2 Includes an aggregate of .58 shares acquired pursuant to the SBA Communications Corporation 2018 Employee Stock Purchase Plan.
F3 Shares withheld for payment of tax liability.
F4 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 performance condition, such that 1,396 shares of Class A Common Stock vested.
F5 These PSUs were awarded on March 4, 2022 and were subject to increase or decrease based on the results of the performance condition. On March 4, 2025, these PSUs partially vested based on the results of the performance condition and resulted in 174.5 shares of Class A Common Stock being issued.
F6 These stock options are fully vested and exercisable.
F7 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F8 These restricted stock units vest in accordance with the following schedule: 232 vested on the first anniversary of the grant date and 233 vested on the second anniversary and 233 vests on the third anniversary of the grant date (March 4, 2022).
F9 Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F10 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 (up to 200%) or decrease based on the results of the performance condition.
F11 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 (up to 200%) or decrease based on the results of the performance condition.
F12 These restricted stock units vest in accordance with the following schedule: 269 vested on the first anniversary of the grant date and 270 vest on the second and third anniversaries of the grant date (March 6, 2023).
F13 These performance restricted 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 (up to 200%) or decrease based on the results of the performance condition.
F14 These performance restricted 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 (up to 200%) or decrease based on the results of the performance condition.
F15 These restricted stock units vest in accordance with the following schedule: 555 vest on the first through third anniversaries of the grant date (March 6, 2024).
F16 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.
F17 These restricted stock units vest in accordance with the following schedule: 456 vest on the first anniversary of the grant date and 457 vest on the second and third anniversaries of the grant date (August 1, 2024).