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Home/Filings/4/0001415889-24-007425
4//SEC Filing

Cavanagh Brendan Thomas 4

Accession 0001415889-24-007425

CIK 0001034054other
View on SEC.govCompany Profile

Filed

Mar 7, 7:00 PM ET

Accepted

Mar 8, 6:30 PM ET

Size

26.3 KB

Accession

0001415889-24-007425

Insider Transaction Report

Form 4
Period: 2024-03-06
SBA COMMUNICATIONS CORPSBAC
Cavanagh Brendan Thomas
Senior Vice President & CFO
Transactions
  • Exercise/Conversion

    Restricted Stock Units

    2024-03-06−1,445→ 2,890 total
    → Class A Common Stock (1,445 underlying)
  • Award

    Performance Restricted Stock Units

    2024-03-06+17,846→ 17,846 total
    → Class A Common Stock (17,846 underlying)
  • Award

    Restricted Stock Units

    2024-03-06+11,898→ 11,898 total
    → Class A Common Stock (11,898 underlying)
  • Exercise/Conversion

    Class A Common Stock

    2024-03-06+1,445→ 49,465.394 total
  • Tax Payment

    Class A Common Stock

    2024-03-06$216.50/sh−568.607$123,103→ 48,896.787 total
Holdings

  • Stock Options (Right to Buy)

    Exercise: $182.30Exp: 2026-03-06→ Class A Common Stock (55,741 underlying)
    55,741

  • Restricted Stock Units

    → Class A Common Stock (1,155 underlying)
    1,155

  • Performance Restricted Stock Units

    → Class A Common Stock (3,465 underlying)
    3,465

  • Performance Restricted Stock Units

    → Class A Common Stock (4,335 underlying)
    4,335

  • Class A Common Stock

    (indirect: By LLC)
    19,052

  • Stock Options (Right to Buy)

    Exercise: $156.50Exp: 2025-03-06→ Class A Common Stock (50,212 underlying)
    50,212

  • Performance Restricted Stock Units

    → Class A Common Stock (3,465 underlying)
    3,465

  • Performance Restricted Stock Units

    → Class A Common Stock (4,335 underlying)
    4,335
Footnotes (13)
  • [F1]Shares withheld for payment of tax liability.
  • [F10]These performance restricted stock units have a three-year performance period and to the extent earned will vest 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 (up to 200%) or decrease based on the results of the performance conditions.
  • [F11]These performance restricted stock units have a three-year performance period and to the extent earned will vest 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 (up to 200%) or decrease based on the results of the performance conditions.
  • [F12]These restricted stock units vest in accordance with the following schedule: 3,966 vest on the first through third anniversaries of the grant date (March 6, 2024).
  • [F13]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 at the end of the three-year performance period is subject to decrease or increase (up to 200%) based on the results of the performance conditions.
  • [F2]These shares are owned by Cavanagh Investments, LLC. The Reporting Person is the manager of Cavanagh Investments, LLC and a trust for the benefit of the Reporting Person's spouse owns all of the equity interests in Cavanagh Investments, LLC. The Reporting Person disclaims beneficial ownership of the shares owned by Cavanagh Investments, LLC, except to the extent of his pecuniary interest therein.
  • [F3]These options are fully vested and exercisable.
  • [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: 1,155 vest on the first through third anniversaries of the grant date (March 4, 2022).
  • [F6]Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
  • [F7]These performance restricted stock units have a three-year performance period and to the extent earned will vest 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 (up to 200%) or decrease based on the results of the performance conditions.
  • [F8]These performance restricted stock units have a three-year performance period and to the extent earned will vest 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 (up to 200%) or decrease based on the results of the performance conditions.
  • [F9]These restricted stock units units vest in accordance with the following schedule: 1,445 vest on the first through third anniversaries of the grant date (March 6, 2023).

Documents

1 file

Issuer

SBA COMMUNICATIONS CORP

CIK 0001034054

→
Entity typeother

Related Parties

1
  • filerCIK 0001293293

Filing Metadata

Form type
4
Filed
Mar 7, 7:00 PM ET
Accepted
Mar 8, 6:30 PM ET
Size
26.3 KB
View on SEC.gov