AI assistant
SBA COMMUNICATIONS CORP — Director's Dealing 2024
Mar 9, 2024
30276_dirs_2024-03-08_bbb70f81-cd46-4d22-afd9-0b639f0534f9.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: SBA COMMUNICATIONS CORP (SBAC)
CIK: 0001034054
Period of Report: 2024-03-06
Reporting Person: SILBERSTEIN JASON V (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-03-06 | Class A Common Stock | M | 16465 | $115.17 | Acquired | 51460.103 | Direct |
| 2024-03-06 | Class A Common Stock | F | 8666 | $216.50 | Disposed | 42794.103 | Direct |
| 2024-03-06 | Class A Common Stock | M | 1034 | — | Acquired | 43828.103 | Direct |
| 2024-03-06 | Class A Common Stock | F | 382.58 | $216.50 | Disposed | 43445.523 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-03-06 | Stock Options (Right to Buy) | $115.17 | M | 16465 | Disposed | 2024-03-06 | Class A Common Stock (16465) | Direct |
| 2024-03-06 | Restricted Stock Units | $ | M | 1034 | Disposed | Class A Common Stock (1034) | Direct | |
| 2024-03-06 | Restricted Stock Units | $ | A | 5993 | Acquired | Class A Common Stock (5993) | Direct | |
| 2024-03-06 | Performance Restricted Stock Units | $ | A | 5994 | Acquired | Class A Common Stock (5994) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Options (Right to Buy) | $156.50 | 2025-03-06 | Class A Common Stock (39918) | 39918 | Direct |
| Stock Options (Right to Buy) | $182.30 | 2026-03-06 | Class A Common Stock (44592) | 44592 | Direct |
| Restricted Stock Units | $ | Class A Common Stock (879) | 879 | Direct | |
| Performance Restricted Stock Units | $ | Class A Common Stock (2637) | 2637 | Direct | |
| Performance Restricted Stock Units | $ | Class A Common Stock (2637) | 2637 | Direct | |
| Performance Restricted Stock Units | $ | Class A Common Stock (3104) | 3104 | Direct | |
| Performance Restricted Stock Units | $ | Class A Common Stock (3104) | 3104 | Direct |
Footnotes
F1: Shares withheld for payment of tax liability and exercise price.
F2: Shares withheld for payment of tax liability.
F3: These options are fully vested and exercisable.
F4: Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F5: These restricted stock units vest in accordance with the following schedule: 879 vest on each of the first through third anniversaries of the grant date (March 4, 2022).
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 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.
F8: 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.
F9: These restricted stock units vest in accordance with the following schedule: 1,034 vest on the first anniversary of the grant date and 1,035 vest on the second and third anniversaries of the grant date (March 6, 2023).
F10: 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.
F11: 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.
F12: These restricted stock units vest in accordance with the following schedule: 1,997 vest on the first anniversary and 1,998 on the second and third anniversaries of the grant date (March 6, 2024).
F13: 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.