Donald Day - Mar 6, 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 6, 2025
Transactions value $
-$66,089
Form type
4
Date filed
3/10/2025, 06:30 PM
Previous filing
Mar 6, 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 +270 +4.39% $0.00 6.42K Mar 6, 2025 Direct
transaction SBAC Class A Common Stock Tax liability -$21.6K -98.1 -1.53% $220.38 6.33K Mar 6, 2025 Direct F1
transaction SBAC Class A Common Stock Options Exercise $0 +555 +8.77% $0.00 6.88K Mar 6, 2025 Direct
transaction SBAC Class A Common Stock Tax liability -$44.5K -202 -2.93% $220.38 6.68K 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 -270 -50% $0.00 270 Mar 6, 2025 Class A Common Stock 270 Direct F3, F4
transaction SBAC Restricted Stock Units Options Exercise $0 -555 -33.33% $0.00 1.11K Mar 6, 2025 Class A Common Stock 555 Direct F3, F8
transaction SBAC Restricted Stock Units Award $0 +4.05K $0.00 4.05K Mar 6, 2025 Class A Common Stock 4.05K Direct F3, F11
transaction SBAC Performance Restricted Stock Units Award $0 +4.05K $0.00 4.05K Mar 6, 2025 Class A Common Stock 4.05K Direct F5, F12
holding SBAC Stock Options (Right to Buy) 5.74K Mar 6, 2025 Class A Common Stock 5.74K $182.30 Direct F2
holding SBAC Performance Restricted Stock Units 809 Mar 6, 2025 Class A Common Stock 809 Direct F5, F6
holding SBAC Performance Restricted Stock Units 809 Mar 6, 2025 Class A Common Stock 809 Direct F5, F7
holding SBAC Performance Restricted Stock Units 1.67K Mar 6, 2025 Class A Common Stock 1.67K Direct F5, F9
holding SBAC Restricted Stock Units 1.37K Mar 6, 2025 Class A Common Stock 1.37K Direct F3, F10
* 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 stock options are fully vested and exercisable.
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: 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).
F5 Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F6 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.
F7 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.
F8 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).
F9 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.
F10 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).
F11 These restricted stock units vest in accordance with the following schedule: 1,348 vest on the first and second anniversaries of the grant date and 1,349 vest on the third anniversary of the grant date (March 6, 2025).
F12 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.