Richard M. Cane - Mar 6, 2025 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Role
EVP; PRES. - INTERNATIONAL
Signature
/s/ Joshua Koenig, Attorney-in-Fact
Stock symbol
SBAC
Transactions as of
Mar 6, 2025
Transactions value $
-$159,251
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 +694 +14.28% $0.00 5.55K Mar 6, 2025 Direct
transaction SBAC Class A Common Stock Tax liability -$60.2K -273 -4.92% $220.38 5.28K Mar 6, 2025 Direct F1
transaction SBAC Class A Common Stock Options Exercise $0 +1.54K +29.2% $0.00 6.82K Mar 6, 2025 Direct
transaction SBAC Class A Common Stock Tax liability -$99.1K -450 -6.59% $220.38 6.37K 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 -694 -50% $0.00 694 Mar 6, 2025 Class A Common Stock 694 Direct F2, F3
transaction SBAC Restricted Stock Units Options Exercise $0 -1.54K -33.32% $0.00 3.09K Mar 6, 2025 Class A Common Stock 1.54K Direct F2, F7
transaction SBAC Restricted Stock Units Award $0 +5.76K $0.00 5.76K Mar 6, 2025 Class A Common Stock 5.76K Direct F2, F9
transaction SBAC Performance Restricted Stock Units Award $0 +5.76K $0.00 5.76K Mar 6, 2025 Class A Common Stock 5.76K Direct F4, F10
holding SBAC Performance Restricted Stock Units 2.08K Mar 6, 2025 Class A Common Stock 2.08K Direct F4, F5
holding SBAC Performance Restricted Stock Units 2.08K Mar 6, 2025 Class A Common Stock 2.08K Direct F4, F6
holding SBAC Performance Restricted Stock Units 4.63K Mar 6, 2025 Class A Common Stock 4.63K Direct F4, F8
* 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: 693 vest on the first anniversary of the grant date and 694 vest on each of the second and third anniversaries of the grant date (March 6, 2023).
F4 Each performance restricted stock unit represents a contingent right to received one share of Class A Common Stock.
F5 The 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 or decrease based on the results of the performance condition.
F6 The 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 or decrease based on the results of the performance condition.
F7 These restricted stock units vest in accordance to the following schedule; 1,543 vest on the first through third anniversaries of the grant date (March 6, 2024).
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, 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.
F9 These restricted stock units vest in accordance to the following schedule; 1,920 vest on the first through third anniversaries of the grant date (March 6, 2025).
F10 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.