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SBA COMMUNICATIONS CORP — Director's Dealing 2024
Aug 8, 2024
30276_dirs_2024-08-07_1b435e53-f8f2-4c18-becb-b53eec3af6ce.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: SBA COMMUNICATIONS CORP (SBAC)
CIK: 0001034054
Period of Report: 2024-08-01
Reporting Person: DAY DONALD (N/A)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class A Common Stock | 4998.04 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Options (Right to Buy) | $156.50 | 2025-03-06 | Class A Common Stock (3821) | Direct | |
| Stock Options (Right to Buy) | $182.30 | 2026-03-06 | Class A Common Stock (5739) | Direct | |
| Restricted Stock Units | $ | Class A Common Stock (233) | Direct | ||
| Performance Restricted Stock Units | $ | Class A Common Stock (698) | Direct | ||
| Performance Restricted Stock Units | $ | Class A Common Stock (698) | Direct | ||
| Restricted Stock Units | $ | Class A Common Stock (540) | Direct | ||
| Performance Restricted Stock Units | $ | Class A Common Stock (809) | Direct | ||
| Performance Restricted Stock Units | $ | Class A Common Stock (809) | Direct | ||
| Restricted Stock Units | $ | Class A Common Stock (1665) | Direct | ||
| Performance Restricted Stock Units | $ | Class A Common Stock (1665) | Direct |
Footnotes
F1: These stock options are fully vested and exercisable.
F2: 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).
F3: Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F4: These performance restricted stock units have a three-year performance period and to the extent earned will vest on March 4, 2025, which is the third anniversary of the grant date. 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 increase (up to 200%) or decrease based on the results of the performance conditions.
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 will vest on March 4, 2025, which is the third anniversary of the grant date. 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 increase (up to 200%) or decrease based on the results of the performance conditions.
F7: 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).
F8: These performance restricted stock units have a three-year performance period and to the extent earned will vest on March 6, 2026, which is the third anniversary of the grant date. 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 increase (up to 200%) or decrease based on the results of the performance conditions.
F9: These performance restricted stock units have a three-year performance period and to the extent earned will vest on March 6, 2026, which is the third anniversary of the grant date. 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 increase (up to 200%) or decrease based on the results of the performance conditions.
F10: 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).
F11: 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.