4//SEC Filing
CANE RICHARD M 4
Accession 0001415889-25-007298
CIK 0001034054other
Filed
Mar 5, 7:00 PM ET
Accepted
Mar 6, 6:30 PM ET
Size
25.9 KB
Accession
0001415889-25-007298
Insider Transaction Report
Form 4
CANE RICHARD M
EVP; PRES. - INTERNATIONAL
Transactions
- Exercise/Conversion
Class A Common Stock
2025-03-04+190→ 4,044.619 total - Tax Payment
Class A Common Stock
2025-03-04$221.51/sh−46.265$10,248→ 3,998.354 total - Exercise/Conversion
Class A Common Stock
2025-03-04+1,138→ 5,136.354 total - Tax Payment
Class A Common Stock
2025-03-04$221.51/sh−277.102$61,381→ 4,859.252 total - Exercise/Conversion
Restricted Stock Units
2025-03-04−190→ 0 total→ Class A Common Stock (190 underlying) - Exercise/Conversion
Performance Restricted Stock Units
2025-03-04−569→ 0 total→ Class A Common Stock (569 underlying) - Disposition to Issuer
Performance Restricted Stock Units
2025-03-04−569→ 0 total→ Class A Common Stock (569 underlying)
Holdings
- 4,628
Restricted Stock Units
→ Class A Common Stock (4,628 underlying) - 693
Restricted Stock Units
→ Class A Common Stock (693 underlying) - 2,081
Performance Restricted Stock Units
→ Class A Common Stock (2,081 underlying) - 2,081
Performance Restricted Stock Units
→ Class A Common Stock (2,081 underlying) - 4,629
Performance Restricted Stock Units
→ Class A Common Stock (4,629 underlying)
Footnotes (14)
- [F1]Includes an aggregate of 87.72 shares acquired pursuant to the SBA Communications Corporation 2018 Employee Stock Purchase Plan.
- [F10]These restricted stock units vest in accordance with the following schedule: 693 vest on the first anniversary of the grant date and 694 vest on each of the second and third anniversaries of the grant date (March 6, 2023).
- [F11]The 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 or decrease based on the results of the performance condition.
- [F12]The 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 or decrease based on the results of the performance condition.
- [F13]These restricted stock units vest in accordance to the following schedule; 1,543 vest on the first through third anniversaries 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 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 performance restricted stock units (PSUs) were awarded on March 4, 2022 which were subject to increase or decrease based on the results of the performance condition. These PSUs vested at 200% of target based on the results of the performance condition, such that 1,138 shares of Class A Common Stock vested.
- [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: 189 vest on the first anniversary of the grant date and 190 vest on each of the second and third anniversaries of the grant date (March 4, 2022).
- [F6]Each performance restricted stock unit represents a contingent right to received one share of Class A Common Stock.
- [F7]The 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 or decrease based on the results of the performance condition.
- [F8]The PSUs previously reported as acquired by the reporting person were forfeited because the minimum performance criteria required for vesting was not met.
- [F9]The 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 or decrease based on the results of the performance condition.
Documents
Issuer
SBA COMMUNICATIONS CORP
CIK 0001034054
Entity typeother
Related Parties
1- filerCIK 0001957645
Filing Metadata
- Form type
- 4
- Filed
- Mar 5, 7:00 PM ET
- Accepted
- Mar 6, 6:30 PM ET
- Size
- 25.9 KB