Patel Dipan D 4
4 · SBA COMMUNICATIONS CORP · Filed Mar 7, 2023
Insider Transaction Report
Form 4
Patel Dipan D
EVP Tech., Strat. & New Bus.
Transactions
- Exercise/Conversion
Class A Common Stock
2023-03-04+455→ 6,432.92 total - Tax Payment
Class A Common Stock
2023-03-06$260.35/sh−179.042$46,614→ 6,253.878 total - Exercise/Conversion
Class A Common Stock
2023-03-06+472→ 6,725.878 total - Tax Payment
Class A Common Stock
2023-03-06$260.35/sh−185.731$48,355→ 6,540.147 total - Exercise/Conversion
Restricted Stock Units
2023-03-06−472→ 0 total→ Class A Common Stock (472 underlying) - Exercise/Conversion
Restricted Stock Units
2023-03-04−500→ 500 total→ Class A Common Stock (500 underlying) - Exercise/Conversion
Class A Common Stock
2023-03-04+500→ 6,174.669 total - Tax Payment
Class A Common Stock
2023-03-06$260.35/sh−196.749$51,224→ 5,977.92 total - Exercise/Conversion
Restricted Stock Units
2023-03-04−455→ 910 total→ Class A Common Stock (455 underlying) - Award
Restricted Stock Units
2023-03-06+1,595→ 1,595 total→ Class A Common Stock (1,595 underlying) - Award
Performance Restricted Stock Units
2023-03-06+1,595→ 1,595 total→ Class A Common Stock (1,595 underlying) - Award
Performance Restricted Stock Units
2023-03-06+1,595→ 1,595 total→ Class A Common Stock (1,595 underlying)
Holdings
- 19,173
Stock Options (Right to Buy)
Exercise: $182.30Exp: 2026-03-06→ Class A Common Stock (19,173 underlying) - 1,499
Performance Restricted Stock Units
→ Class A Common Stock (1,499 underlying) - 1,499
Performance Restricted Stock Units
→ Class A Common Stock (1,499 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)
Footnotes (18)
- [F1]On March 4, 2023, 500 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 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.
- [F12]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.
- [F13]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).
- [F14]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.
- [F15]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.
- [F16]These restricted stock units vest in accordance with the following schedule: 531 vest on the first anniversary of the grant date and 532 vest on each of the second and third anniversaries of the grant date (March 6, 2023).
- [F17]These 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.
- [F18]These 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 45.267 shares acquired on February 28, 2023 pursuant to the SBA Communications Corporation 2018 Employee Stock Purchase Plan.
- [F3]Shares withheld for payment of tax liability.
- [F4]On March 4, 2023, 455 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
- [F5]On March 6, 2023, 472 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
- [F6]These options are fully vested and exercisable.
- [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: 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).