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SBA COMMUNICATIONS CORP — Director's Dealing 2024
Oct 19, 2024
30276_dirs_2024-10-18_1e5ebf23-432f-4d89-88d2-b49229098069.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: SBA COMMUNICATIONS CORP (SBAC)
CIK: 0001034054
Period of Report: 2024-10-17
Reporting Person: Montagner Marc (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-10-17 | Class A Common Stock | M | 1588 | — | Acquired | 1689.742 | Direct |
| 2024-10-17 | Class A Common Stock | F | 624.877 | $248.75 | Disposed | 1064.865 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-10-17 | Restricted Stock Units | $ | M | 1588 | Disposed | Class A Common Stock (1588) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Restricted Stock Units | $ | Class A Common Stock (6215) | 6215 | Direct | |
| Performance Restricted Stock Units | $ | Class A Common Stock (6215) | 6215 | Direct |
Footnotes
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.