SILBERSTEIN JASON V 4
4 · SBA COMMUNICATIONS CORP · Filed Mar 8, 2024
Insider Transaction Report
Form 4
SILBERSTEIN JASON V
Sr.Vice President-Property Mgt
Transactions
- Tax Payment
Class A Common Stock
2024-03-06$216.50/sh−382.58$82,829→ 43,445.523 total - Exercise/Conversion
Stock Options (Right to Buy)
2024-03-06−16,465→ 0 totalExercise: $115.17Exp: 2024-03-06→ Class A Common Stock (16,465 underlying) - Exercise/Conversion
Restricted Stock Units
2024-03-06−1,034→ 2,070 total→ Class A Common Stock (1,034 underlying) - Exercise/Conversion
Class A Common Stock
2024-03-06$115.17/sh+16,465$1,896,274→ 51,460.103 total - Award
Restricted Stock Units
2024-03-06+5,993→ 5,933 total→ Class A Common Stock (5,993 underlying) - Award
Performance Restricted Stock Units
2024-03-06+5,994→ 5,994 total→ Class A Common Stock (5,994 underlying) - Exercise/Conversion
Class A Common Stock
2024-03-06+1,034→ 43,828.103 total - Tax Payment
Class A Common Stock
2024-03-06$216.50/sh−8,666$1,876,189→ 42,794.103 total
Holdings
- 39,918
Stock Options (Right to Buy)
Exercise: $156.50Exp: 2025-03-06→ Class A Common Stock (39,918 underlying) - 879
Restricted Stock Units
→ Class A Common Stock (879 underlying) - 2,637
Performance Restricted Stock Units
→ Class A Common Stock (2,637 underlying) - 2,637
Performance Restricted Stock Units
→ Class A Common Stock (2,637 underlying) - 44,592
Stock Options (Right to Buy)
Exercise: $182.30Exp: 2026-03-06→ Class A Common Stock (44,592 underlying) - 3,104
Performance Restricted Stock Units
→ Class A Common Stock (3,104 underlying) - 3,104
Performance Restricted Stock Units
→ Class A Common Stock (3,104 underlying)
Footnotes (13)
- [F1]Shares withheld for payment of tax liability and exercise price.
- [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: 1,997 vest on the first anniversary and 1,998 on the second and 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]Shares withheld for payment of tax liability.
- [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: 879 vest on each of 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 vest in accordance with the following schedule: 1,034 vest on the first anniversary of the grant date and 1,035 vest on the second and third anniversaries of the grant date (March 6, 2023).