Ciarfella Mark R 4
4 · SBA COMMUNICATIONS CORP · Filed Dec 23, 2024
Insider Transaction Report
Form 4
Ciarfella Mark R
SVP ?? Operations
Transactions
- Tax Payment
Class A Common Stock
2024-12-19$221.58/sh−179$39,663→ 33,588.382 total - Exercise/Conversion
Class A Common Stock
2024-12-19+179→ 33,767.382 total - Exercise/Conversion
Restricted Stock units
2024-12-19−179→ 4,593 total→ Class A Common Stock (179 underlying)
Holdings
- 2,144
Performance Restricted Stock Units
→ Class A Common Stock (2,144 underlying) - 611
Restricted Stock Units
→ Class A Common Stock (611 underlying) - 1,831
Performance Restricted Stock Units
→ Class A Common Stock (1,831 underlying) - 1,430
Restricted Stock Units
→ Class A Common Stock (1,430 underlying) - 1,831
Performance Restricted Stock Units
→ Class A Common Stock (1,831 underlying) - 2,144
Performance Restricted Stock Units
→ Class A Common Stock (2,144 underlying) - 4,771
Performance Restricted Stock Units
→ Class A Common Stock (4,771 underlying)
Footnotes (11)
- [F1]The reported transaction involved the early vesting of Restricted Stock Units and subsequent withholding of 179 shares of Class A Common Stock issuable upon such vesting to pay tax obligations associated with the Reporting Person being retirement eligible under the Issuer's equity program.
- [F10]These restricted stock units vest in accordance with the following schedule: 1,591 vest on the first and second anniversaries and 1,590 vest on the third anniversary of the grant date (March 6, 2024).
- [F11]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]Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
- [F3]These restricted stock units vest in accordance with the following schedule: 610 on the first and second anniversaries of the grant date and 611 on the third anniversary of the grant date (March 4, 2022).
- [F4]Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
- [F5]The 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.
- [F6]The 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.
- [F7]These restricted stock units vest in accordance with the following schedule: 714 vest on the first anniversary of the grant date and 715 vest on the second and third anniversary of the grant date (March 6, 2023).
- [F8]The 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.
- [F9]The 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.