AI assistant
SBA COMMUNICATIONS CORP — Director's Dealing 2024
Mar 7, 2024
30276_dirs_2024-03-06_e0b63d8f-0fc6-4fc3-aed5-29e3d2858646.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: 2024-03-04
Reporting Person: CANE RICHARD M (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-03-04 | Class A Common Stock | M | 198 | — | Acquired | 2291.658 | Direct |
| 2024-03-04 | Class A Common Stock | F | 48.212 | $208.29 | Disposed | 2243.446 | Direct |
| 2024-03-04 | Class A Common Stock | M | 1186 | — | Acquired | 3429.446 | Direct |
| 2024-03-04 | Class A Common Stock | F | 310.6380 | $208.29 | Disposed | 3118.808 | Direct |
| 2024-03-04 | Class A Common Stock | M | 190 | — | Acquired | 3308.808 | Direct |
| 2024-03-04 | Class A Common Stock | F | 46.264 | $208.29 | Disposed | 3262.544 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-03-04 | Restricted Stock Units | $ | M | 198 | Disposed | Class A Common Stock (198) | Direct | |
| 2024-03-04 | Performance Restricted Stock Units | $ | M | 593 | Disposed | Class A Common Stock (593) | Direct | |
| 2024-03-04 | Restricted Stock Units | $ | M | 190 | Disposed | Class A Common Stock (190) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Performance Restricted Stock Units | $ | Class A Common Stock (569) | 569 | Direct | |
| Performance Restricted Stock Units | $ | Class A Common Stock (569) | 569 | Direct | |
| Restricted Stock Units | $ | Class A Common Stock (2081) | 2081 | Direct | |
| Performance Restricted Stock Units | $ | Class A Common Stock (2081) | 2081 | Direct | |
| Performance Restricted Stock Units | $ | Class A Common Stock (2081) | 2081 | Direct |
Footnotes
F1: Includes an aggregate of 19.584 shares acquired on March 1, 2024 pursuant to the SBA Communications Corporation 2018 Employee Stock Purchase Plan.
F2: Shares withheld for the payment of tax liability.
F3: As previously reported on a Form 4, the Reporting Person was awarded 593 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 1,186 shares of Class A Common Stock became issuable to the Reporting Person.
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: 197 vest on the first anniversary of the grant date and 198 vest on each of the second and third anniversaries of the grant date (March 4, 2021).
F6: Each performance restricted stock unit represents a contingent right to received one share of Class A Common Stock.
F7: The 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: 189 vest on the first anniversary of the grant date and 190 vest on each of the second and third anniversaries of the grant date (March 4, 2022).
F9: The 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: The 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.
F11: 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).
F12: The performance restricted 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 condition.
F13: The performance restricted 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 condition.