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Home/Filings/4/0001415889-25-002065
4//SEC Filing

Cavanagh Brendan Thomas 4

Accession 0001415889-25-002065

CIK 0001034054other
View on SEC.govCompany Profile

Filed

Jan 23, 7:00 PM ET

Accepted

Jan 24, 6:30 PM ET

Size

24.7 KB

Accession

0001415889-25-002065

Insider Transaction Report

Form 4
Period: 2025-01-22
SBA COMMUNICATIONS CORPSBAC
Cavanagh Brendan Thomas
Senior Vice President & CFO
Transactions
  • Tax Payment

    Class A Common Stock

    2025-01-22$204.36/sh−43,048$8,797,289→ 56,060.787 total
  • Exercise/Conversion

    Stock Options (Right to Buy)

    2025-01-22−50,212→ 0 total
    Exercise: $156.50Exp: 2025-03-06→ Class A Common Stock (50,212 underlying)
  • Exercise/Conversion

    Class A Common Stock

    2025-01-22$156.50/sh+50,212$7,858,178→ 99,108.787 total
Holdings

  • Restricted Stock Units

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

  • Class A Common Stock

    (indirect: By LLC)
    19,052

  • Stock Options (Right to Buy)

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

  • Performance Restricted Stock Units

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

  • Restricted Stock Units

    → Class A Common Stock (11,898 underlying)
    11,898

  • Performance Restricted Stock Units

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

  • Restricted Stock Units

    → Class A Common Stock (2,890 underlying)
    2,890

  • Performance Restricted Stock Units

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

  • Performance Restricted Stock Units

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

  • Performance Restricted Stock Units

    → Class A Common Stock (17,846 underlying)
    17,846
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 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.
  • [F11]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.
  • [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 stock 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 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.
  • [F8]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.
  • [F9]These restricted stock 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
Jan 23, 7:00 PM ET
Accepted
Jan 24, 6:30 PM ET
Size
24.7 KB
View on SEC.gov