DAY DONALD 4

Accession 0001415889-25-007296

CIK 0001034054other

View on SEC.gov Company Profile

Filed

Mar 5, 7:00 PM ET

Accepted

Mar 6, 6:30 PM ET

Size

32.2 KB

Accession

0001415889-25-007296

Insider Transaction Report

Form 4

Period: 2025-03-04

SBA COMMUNICATIONS CORPSBAC

DAY DONALD

EVP - SITE LEASING

Transactions

Exercise/Conversion
Class A Common Stock
2025-03-04+1,396→ 6,550.513 total
Tax Payment
Class A Common Stock
2025-03-04$221.51/sh−507.446$112,404→ 6,043.067 total
Exercise/Conversion
Class A Common Stock
2025-03-04+174.5→ 6,217.567 total
Tax Payment
Class A Common Stock
2025-03-04$221.51/sh−63.43$14,050→ 6,154.137 total
Exercise/Conversion
Restricted Stock Units
2025-03-04−233→ 0 total
→ Class A Common Stock (233 underlying)
Exercise/Conversion
Performance Restricted Stock Units
2025-03-04−698→ 0 total
→ Class A Common Stock (698 underlying)
Exercise/Conversion
Performance Restricted Stock Units
2025-03-04−174.5→ 0 total
→ Class A Common Stock (174.5 underlying)
Exercise/Conversion
Class A Common Stock
2025-03-04+233→ 5,239.208 total
Tax Payment
Class A Common Stock
2025-03-04$221.51/sh−84.695$18,761→ 5,154.513 total

Holdings

Stock Options (Right to Buy)
Exercise: $182.30Exp: 2026-03-06→ Class A Common Stock (5,739 underlying)
5,739
Restricted Stock Units
→ Class A Common Stock (1,370 underlying)
1,370
Restricted Stock Units
→ Class A Common Stock (540 underlying)
540
Performance Restricted Stock Units
→ Class A Common Stock (809 underlying)
809
Performance Restricted Stock Units
→ Class A Common Stock (809 underlying)
809
Restricted Stock Units
→ Class A Common Stock (1,665 underlying)
1,665
Performance Restricted Stock Units
→ Class A Common Stock (1,665 underlying)
1,665

Footnotes (17)

[F1]Includes 7.588 shares acquired through a dividend reinvestment plan.
[F10]These performance restricted stock units have a three-year performance period and to the extent earned vest on March 4, 2025. The number of shares of Class A Common Stock that will be earned is subject to increase (up to 200%) 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 vest on March 4, 2025. The number of shares of Class A Common Stock that will be earned is subject to increase (up to 200%) or decrease based on the results of the performance condition.
[F12]These restricted stock units vest in accordance with the following schedule: 269 vested on the first anniversary of the grant date and 270 vest on the second and third anniversaries of the grant date (March 6, 2023).
[F13]These performance restricted stock units have a three-year performance period and to the extent earned vest on March 6, 2026. The number of shares of Class A Common Stock that will be earned is subject to increase (up to 200%) or decrease based on the results of the performance condition.
[F14]These performance restricted stock units have a three-year performance period and to the extent earned vest on March 6, 2026. The number of shares of Class A Common Stock that will be earned is subject to increase (up to 200%) or decrease based on the results of the performance condition.
[F15]These restricted stock units vest in accordance with the following schedule: 555 vest on the first through third anniversaries of the grant date (March 6, 2024).
[F16]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 subject to decrease or increase (up to 200%) based on the results of the performance conditions.
[F17]These restricted stock units vest in accordance with the following schedule: 456 vest on the first anniversary of the grant date and 457 vest on the second and third anniversaries of the grant date (August 1, 2024).
[F2]Includes an aggregate of .58 shares acquired pursuant to the SBA Communications Corporation 2018 Employee Stock Purchase Plan.
[F3]Shares withheld for payment of tax liability.
[F4]These performance restricted stock units (PSUs) were awarded on March 4, 2022 and were subject to increase or decrease based on the results of the performance condition. These PSUs vested at 200% of target based on the performance condition, such that 1,396 shares of Class A Common Stock vested.
[F5]These PSUs were awarded on March 4, 2022 and were subject to increase or decrease based on the results of the performance condition. On March 4, 2025, these PSUs partially vested based on the results of the performance condition and resulted in 174.5 shares of Class A Common Stock being issued.
[F6]These stock options are fully vested and exercisable.
[F7]Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
[F8]These restricted stock units vest in accordance with the following schedule: 232 vested on the first anniversary of the grant date and 233 vested on the second anniversary and 233 vests on the third anniversary of the grant date (March 4, 2022).
[F9]Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.

Documents

1 file

4
form4-03062025_060304.xmlPrimary

Issuer

SBA COMMUNICATIONS CORP

CIK 0001034054

→

Entity typeother

Related Parties

filerCIK 0002031697

Filing Metadata

Form type: 4
Filed: Mar 5, 7:00 PM ET
Accepted: Mar 6, 6:30 PM ET
Size: 32.2 KB

View on SEC.gov