4//SEC Filing
Lazarus Brian D 4
Accession 0001415889-24-007431
CIK 0001034054other
Filed
Mar 7, 7:00 PM ET
Accepted
Mar 8, 6:31 PM ET
Size
25.1 KB
Accession
0001415889-24-007431
Insider Transaction Report
Form 4
Lazarus Brian D
VP & Chief Accounting Officer
Transactions
- Exercise/Conversion
Class A Common Stock
2024-03-06+572→ 21,475.407 total - Award
Restricted Stock Units
2024-03-06+3,385→ 3,385 total→ Class A Common Stock (3,385 underlying) - Award
Performance Restricted Stock Units
2024-03-06+3,385→ 3,385 total→ Class A Common Stock (3,385 underlying) - Tax Payment
Class A Common Stock
2024-03-06$216.50/sh−225.081$48,730→ 21,250.326 total - Exercise/Conversion
Restricted Stock Units
2024-03-06−572→ 1,145 total→ Class A Common Stock (572 underlying)
Holdings
- 9,366.464(indirect: By GRAT)
Class A Common Stock
- 1,717
Performance Restricted Stock Units
→ Class A Common Stock (1,717 underlying) - 1,463
Performance Restricted Stock Units
→ Class A Common Stock (1,463 underlying) - 1,463
Performance Restricted Stock Units
→ Class A Common Stock (1,463 underlying) - 1,717
Performance Restricted Stock Units
→ Class A Common Stock (1,717 underlying) - 23,512
Stock Options (Right to Buy)
Exercise: $182.30Exp: 2026-03-06→ Class A Common Stock (23,512 underlying) - 488
Restricted Stock Units
→ Class A Common Stock (488 underlying)
Footnotes (14)
- [F1]Reflects shares previously held indirectly by the Reporting Person's GRAT (defined below) which were transferred to the Reporting Person's direct holdings.
- [F10]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).
- [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 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.
- [F13]These restricted stock units vest in accordance with the following schedule: 1,128 vest on the first and second anniversaries and 1,129 vest on the third anniversary of the grant date (March 6, 2024).
- [F14]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]Shares withheld for the payment of tax liability.
- [F3]These shares are held by the Reporting Person's grantor retained annuity trust ("GRAT"), of which the Reporting Person is the trustee and annuitant.
- [F4]These options are immediately exercisable.
- [F5]Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
- [F6]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).
- [F7]Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
- [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 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.
Documents
Issuer
SBA COMMUNICATIONS CORP
CIK 0001034054
Entity typeother
Related Parties
1- filerCIK 0001444362
Filing Metadata
- Form type
- 4
- Filed
- Mar 7, 7:00 PM ET
- Accepted
- Mar 8, 6:31 PM ET
- Size
- 25.1 KB