Patel Dipan D 4

Accession 0001209191-23-013929

CIK 0001034054other

View on SEC.gov Company Profile

Filed

Feb 27, 7:00 PM ET

Accepted

Feb 28, 9:27 PM ET

Size

34.5 KB

Accession

0001209191-23-013929

Insider Transaction Report

Form 4

Period: 2023-02-25

SBA COMMUNICATIONS CORPSBAC

Patel Dipan D

EVP Tech., Strat. & New Bus.

Transactions

Exercise/Conversion
Class A Common Stock
2023-02-25+472→ 3,322.794 total
Exercise/Conversion
Class A Common Stock
2023-02-25+2,828→ 6,150.794 total
Exercise/Conversion
Class A Common Stock
2023-02-25+1,307.95→ 7,458.744 total
Tax Payment
Class A Common Stock
2023-02-25$257.82/sh−1,829.342$471,641→ 5,629.402 total
Exercise/Conversion
Restricted Stock Units
2023-02-25−472→ 0 total
→ Class A Common Stock (472 underlying)
Exercise/Conversion
Performance Restricted Stock Units
2023-02-25−1,414→ 0 total
→ Class A Common Stock (1,414 underlying)
Exercise/Conversion
Performance Restricted Stock Units
2023-02-25−1,414→ 0 total
→ Class A Common Stock (1,414 underlying)

Holdings

Restricted Stock Units
→ Class A Common Stock (472 underlying)
472
Performance Restricted Stock Units
→ Class A Common Stock (1,499 underlying)
1,499
Stock Options (Right to Buy)
Exercise: $182.30Exp: 2026-03-06→ Class A Common Stock (19,173 underlying)
19,173
Restricted Stock Units
→ Class A Common Stock (1,000 underlying)
1,000
Performance Restricted Stock Units
→ Class A Common Stock (1,499 underlying)
1,499
Restricted Stock Units
→ Class A Common Stock (1,365 underlying)
1,365
Performance Restricted Stock Units
→ Class A Common Stock (1,365 underlying)
1,365
Performance Restricted Stock Units
→ Class A Common Stock (1,365 underlying)
1,365

Footnotes (18)

[F1]On February 25, 2023, 472 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
[F10]Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
[F11]These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on February 25, 2023, 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.
[F12]These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on February 25, 2023, 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]These restricted stock units vest in accordance with the following schedule: 499 vest on the first anniversary of the grant date and 500 vest on each of the second and third anniversaries of the grant date (March 4, 2021).
[F14]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.
[F15]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.
[F16]These restricted stock units vest in accordance with the following schedule: 455 vest on each of the first through third anniversaries of the grant date (March 4, 2022).
[F17]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.
[F18]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.
[F2]Includes 21.343 shares acquired through a dividend reinvestment plan.
[F3]Represents shares issued in connection with the vesting of performance restricted share units. The Compensation Committee of the Issuer's Board of Directors determined achievement of the applicable AFFO performance metric at 200%.
[F4]Represents shares issued in connection with the vesting of performance restricted share units. The Compensation Committee of the Issue's Board of Directors determined achievement of the applicable TSR performance metric at 92.5%. The remaining performance restricted stock units were forfeited.
[F5]Shares withheld for payment of tax liability.
[F6]These options vest in accordance with the following schedule: 5,067 vest on each of the first through third anniversaries of the grant date and 5,068 vest on the fourth anniversary of the grant date (March 6, 2019).
[F7]Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
[F8]These restricted stock units vest in accordance with the following schedule: 471 vest on each of the first through third anniversaries of the grant date and 472 vest on the fourth anniversary of the grant date (March 6, 2019).
[F9]These restricted stock units vest in accordance with the following schedule: 471 vest on the first and second anniversaries of the grant date and 472 vest on the third anniversary of the grant date (February 25, 2020).

Documents

2 files

Issuer

SBA COMMUNICATIONS CORP

CIK 0001034054

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Entity typeother

Related Parties

filerCIK 0001767180

Filing Metadata

Form type: 4
Filed: Feb 27, 7:00 PM ET
Accepted: Feb 28, 9:27 PM ET
Size: 34.5 KB

View on SEC.gov