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SBA COMMUNICATIONS CORP — Director's Dealing 2024
Mar 7, 2024
30276_dirs_2024-03-06_00205d6d-0357-478a-9e84-6a882e1485ea.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: 2024-03-04
Reporting Person: KOENIG JOSHUA (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-03-04 | Class A Common Stock | M | 229 | — | Acquired | 5410.313 | Direct |
| 2024-03-04 | Class A Common Stock | F | 90.111 | $208.29 | Disposed | 5320.202 | Direct |
| 2024-03-04 | Class A Common Stock | M | 1374 | — | Acquired | 6694.202 | Direct |
| 2024-03-04 | Class A Common Stock | F | 562.604 | $208.29 | Disposed | 6131.598 | Direct |
| 2024-03-04 | Class A Common Stock | M | 215 | — | Acquired | 6346.598 | Direct |
| 2024-03-04 | Class A Common Stock | F | 84.602 | $208.29 | Disposed | 6261.996 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-03-04 | Restricted Stock Units | $ | M | 229 | Disposed | Class A Common Stock (229) | Direct | |
| 2024-03-04 | Performance Restricted Stock Units | $ | M | 687 | Disposed | Class A Common Stock (687) | Direct | |
| 2024-03-04 | Restricted Stock Units | $ | M | 215 | Disposed | Class A Common Stock (215) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Options (Right to Buy) | $156.5 | 2025-03-06 | Class A Common Stock (2724) | 2724 | Direct |
| Stock Options (Right to Buy) | $182.3 | 2026-03-06 | Class A Common Stock (9121) | 9121 | Direct |
| Performance Restricted Stock Units | $ | Class A Common Stock (646) | 646 | Direct | |
| Performance Restricted Stock Units | $ | Class A Common Stock (646) | 646 | Direct | |
| Restricted Stock Units | $ | Class A Common Stock (1965) | 1965 | Direct | |
| Performance Restricted Stock Units | $ | Class A Common Stock (1965) | 1965 | Direct | |
| Performance Restricted Stock Units | $ | Class A Common Stock (1965) | 1965 | Direct |
Footnotes
F1: Shares withheld for payment of tax liability.
F2: As previously reported on a Form 4, the Reporting Person was awarded 687 performance restricted stock units (PSUs) on March 4, 2021 which were subject to increase or decrease based the results of the performance condition. On March 4, 2024, these PSUs vested at 200% of target based on the results of the performance condition, such that 1,374 shares of Class A Common Stock became issuable to the Reporting Person.
F3: These options are fully vested and immediately 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: 229 vest on the first through third anniversaries of the grant date (March 4, 2021).
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 100% on March 4, 2024, 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 or decrease based on the results of the performance condition.
F8: These restricted stock units vest in accordance with the following schedule: 215 vest on the first and second anniversaries of the grant date and 216 vest on the third anniversary of the grant date (March 4, 2022).
F9: These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% 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 or decrease based on the results of the performance condition.
F10: These performance stock units have a three-year performance period and to the extent earned will vest 100% 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 or decrease based on the results of the performance period.
F11: These restricted stock units vest in accordance with the following schedule: 655 vest on the first through third anniversaries of the grant date (March 6,2023).
F12: These performance stock units have a three-year performance period and to the extent earned will vest 100% 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 or decrease based on the results of the performance period.
F13: These performance stock units have a three-year performance period and to the extent earned will vest 100% 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 or decrease based on the results of the performance period.