Marc Montagner - Mar 6, 2025 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Signature
/s/ Joshua Koenig, Attorney-in-Fact
Stock symbol
SBAC
Transactions as of
Mar 6, 2025
Transactions value $
-$179,596
Form type
4
Date filed
3/10/2025, 06:30 PM
Previous filing
Jan 2, 2025
Next filing
Mar 31, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBAC Class A Common Stock Options Exercise $0 +2.07K +194.49% $0.00 3.14K Mar 6, 2025 Direct
transaction SBAC Class A Common Stock Tax liability -$180K -815 -25.99% $220.38 2.32K Mar 6, 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 -2.07K -33.32% $0.00 4.14K Mar 6, 2025 Class A Common Stock 2.07K Direct F2, F4
transaction SBAC Restricted Stock Units Award $0 +7.35K $0.00 7.35K Mar 6, 2025 Class A Common Stock 7.35K Direct F2, F7
transaction SBAC Performance Restricted Stock Units Award $0 +7.35K $0.00 7.35K Mar 6, 2025 Class A Common Stock 7.35K Direct F5, F8
holding SBAC Restricted Stock Units 3.18K Mar 6, 2025 Class A Common Stock 3.18K Direct F2, F3
holding SBAC Performance Restricted Stock Units 6.22K Mar 6, 2025 Class A Common Stock 6.22K Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares withheld for the payment of tax liability.
F2 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F3 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).
F4 These restricted stock units vest in accordance with the following schedule: 2,071 vest on the first anniversary and 2,072 vest on the second and third anniversaries of the grant date (March 6, 2024).
F5 Each performance restricted stock unit represents a contingent right to received one share of Class A Common Stock.
F6 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 is subject to decrease or increase (up to 200%) based on the results of the performance conditions.
F7 These restricted stock units vest in accordance with the following schedule: 2,451 vest on the first and second anniversaries and 2,452 vest on the third anniversary of the grant date (March 6, 2025).
F8 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, 2028. The number of shares of Class A Common Stock that will be earned is subject to decrease or increase (up to 200%) based on the results of the performance conditions.