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SBA COMMUNICATIONS CORP — Director's Dealing 2025
Mar 10, 2025
30276_dirs_2025-03-10_4baf5252-afb5-4573-b760-72170d2c7537.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: 2025-03-06
Reporting Person: DAY DONALD (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-03-06 | Class A Common Stock | M | 270 | — | Acquired | 6424.1370 | Direct |
| 2025-03-06 | Class A Common Stock | F | 98.1440 | $220.38 | Disposed | 6325.9930 | Direct |
| 2025-03-06 | Class A Common Stock | M | 555 | — | Acquired | 6880.9930 | Direct |
| 2025-03-06 | Class A Common Stock | F | 201.7420 | $220.38 | Disposed | 6679.2510 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-03-06 | Restricted Stock Units | $ | M | 270 | Disposed | Class A Common Stock (270) | Direct | |
| 2025-03-06 | Restricted Stock Units | $ | M | 555 | Disposed | Class A Common Stock (555) | Direct | |
| 2025-03-06 | Restricted Stock Units | $ | A | 4045 | Acquired | Class A Common Stock (4045) | Direct | |
| 2025-03-06 | Performance Restricted Stock Units | $ | A | 4045 | Acquired | Class A Common Stock (4045) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Options (Right to Buy) | $182.30 | 2026-03-06 | Class A Common Stock (5739) | 5739 | Direct |
| Performance Restricted Stock Units | $ | Class A Common Stock (809) | 809 | Direct | |
| Performance Restricted Stock Units | $ | Class A Common Stock (809) | 809 | Direct | |
| Performance Restricted Stock Units | $ | Class A Common Stock (1665) | 1665 | Direct | |
| Restricted Stock Units | $ | Class A Common Stock (1370) | 1370 | Direct |
Footnotes
F1: Shares withheld for payment of tax liability.
F2: These stock options are fully vested and exercisable.
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: 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).
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 vest on March 6, 2026. The number of shares of Class A Common Stock that will be earned is subject to increase (up to 200%) or decrease based on the results of the performance condition.
F7: These performance restricted stock units have a three-year performance period and to the extent earned vest on March 6, 2026. The number of shares of Class A Common Stock that will be earned is subject to increase (up to 200%) or decrease based on the results of the performance condition.
F8: 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).
F9: 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 is subject to decrease or increase (up to 200%) based on the results of the performance conditions.
F10: These restricted stock units vest in accordance with the following schedule: 456 vest on the first anniversary of the grant date and 457 vest on the second and third anniversaries of the grant date (August 1, 2024).
F11: These restricted stock units vest in accordance with the following schedule: 1,348 vest on the first and second anniversaries of the grant date and 1,349 vest on the third anniversary of the grant date (March 6, 2025).
F12: 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, 2028. The number of shares of Class A Common Stock that will be earned is subject to decrease or increase (up to 200%) based on the results of the performance conditions.