Lazarus Brian D 4

Accession 0001415889-24-007143

CIK 0001034054other

View on SEC.gov Company Profile

Filed

Mar 5, 7:00 PM ET

Accepted

Mar 6, 8:30 PM ET

Size

37.8 KB

Accession

0001415889-24-007143

Insider Transaction Report

Form 4

Period: 2024-03-04

SBA COMMUNICATIONS CORPSBAC

Lazarus Brian D

VP & Chief Accounting Officer

Transactions

Exercise/Conversion
Class A Common Stock
2024-03-04+542→ 7,753.384 total
Exercise/Conversion
Performance Restricted Stock Units
2024-03-04−1,624→ 0 total
→ Class A Common Stock (1,624 underlying)
Exercise/Conversion
Restricted Stock Units
2024-03-04−488→ 488 total
→ Class A Common Stock (488 underlying)
Tax Payment
Class A Common Stock
2024-03-04$208.29/sh−213.277$44,423→ 7,540.107 total
Exercise/Conversion
Class A Common Stock
2024-03-04+3,248→ 10,788.107 total
Exercise/Conversion
Class A Common Stock
2024-03-04+406→ 9,892.194 total
Tax Payment
Class A Common Stock
2024-03-04$208.29/sh−1,301.913$271,175→ 9,486.194 total
Tax Payment
Class A Common Stock
2024-03-04$208.29/sh−159.76$33,276→ 9,732.434 total
Exercise/Conversion
Restricted Stock Units
2024-03-04−542→ 0 total
→ Class A Common Stock (542 underlying)
Exercise/Conversion
Class A Common Stock
2024-03-04+488→ 10,220.434 total
Tax Payment
Class A Common Stock
2024-03-04$208.29/sh−192.027$39,997→ 10,028.407 total
Exercise/Conversion
Performance Restricted Stock Units
2024-03-04−406→ 0 total
→ Class A Common Stock (406 underlying)

Holdings

Class A Common Stock
(indirect: By GRAT)
20,241.464
Performance Restricted Stock Units
→ Class A Common Stock (1,463 underlying)
1,463
Performance Restricted Stock Units
→ Class A Common Stock (1,717 underlying)
1,717
Performance Restricted Stock Units
→ Class A Common Stock (1,717 underlying)
1,717
Stock Options (Right to Buy)
Exercise: $182.30Exp: 2026-03-06→ Class A Common Stock (23,512 underlying)
23,512
Restricted Stock Units
→ Class A Common Stock (1,717 underlying)
1,717
Performance Restricted Stock Units
→ Class A Common Stock (1,463 underlying)
1,463

Footnotes (19)

[F1]Includes 25.087 shares acquired through a dividend reinvestment plan.
[F10]These restricted stock units vest in accordance with the following schedule: 541 vest on each of the first and second anniversaries of the grant date and 542 vest on the third anniversary of the grant date (March 4, 2021).
[F11]Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
[F12]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.
[F13]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.
[F14]These restricted stock units vest in accordance with the following schedule: 487 vest on the first anniversary of the grant date and 488 vest on each of the second and third anniversaries of the grant date (March 4, 2022).
[F15]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.
[F16]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.
[F17]These restricted stock units vest in accordance with the following schedule: 572 vest on the first and second anniversaries of the grant date and 573 vest on the third anniversary of the grant date (March 6, 2023).
[F18]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.
[F19]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.
[F2]Includes an aggregate of 101.23 shares acquired on March 1, 2024 pursuant to the SBA Communications Corporation 2018 Employee Stock Purchase Plan.
[F3]Shares withheld for the payment of tax liability.
[F4]As previously reported on a Form 4, the Reporting Person was awarded 1,624 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 3,248 shares of Class A Common Stock became issuable to the Reporting Person.
[F5]As previously reported on a Form 4, the Reporting Person was awarded 1,624 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 25% of target.
[F6]Includes 71.438 shares acquired through a dividend reinvestment plan.
[F7]These shares are held by the Reporting Person's grantor retained annuity trust ("GRAT"), of which the Reporting Person is the trustee and annuitant.
[F8]These stock options are fully vested and exercisable.
[F9]Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.

Documents

1 file

4
form4-03062024_080316.xmlPrimary

Issuer

SBA COMMUNICATIONS CORP

CIK 0001034054

→

Entity typeother

Related Parties

filerCIK 0001444362

Filing Metadata

Form type: 4
Filed: Mar 5, 7:00 PM ET
Accepted: Mar 6, 8:30 PM ET
Size: 37.8 KB

View on SEC.gov