Cavanagh Brendan Thomas 4

Accession 0001415889-25-007300

CIK 0001034054other

View on SEC.gov Company Profile

Filed

Mar 5, 7:00 PM ET

Accepted

Mar 6, 6:30 PM ET

Size

29.1 KB

Accession

0001415889-25-007300

Insider Transaction Report

Form 4

Period: 2025-03-04

SBA COMMUNICATIONS CORPSBAC

Cavanagh Brendan Thomas

Senior Vice President & CFO

Transactions

Exercise/Conversion
Performance Restricted Stock Units
2025-03-04−3,465→ 0 total
→ Class A Common Stock (3,465 underlying)
Disposition to Issuer
Performance Restricted Stock Units
2025-03-04−3,465→ 0 total
→ Class A Common Stock (3,465 underlying)
Exercise/Conversion
Class A Common Stock
2025-03-04+1,155→ 42,961.787 total
Tax Payment
Class A Common Stock
2025-03-04$221.51/sh−454.492$100,675→ 42,507.295 total
Exercise/Conversion
Class A Common Stock
2025-03-04+6,930→ 49,437.295 total
Tax Payment
Class A Common Stock
2025-03-04$221.51/sh−2,726.954$604,048→ 46,710.341 total
Exercise/Conversion
Restricted Stock Units
2025-03-04−1,155→ 0 total
→ Class A Common Stock (1,155 underlying)

Holdings

Class A Common Stock
(indirect: By LLC)
19,055
Class A Common Stock
(indirect: By LLC)
14,254
Stock Options (Right to Buy)
Exercise: $182.30Exp: 2026-03-06→ Class A Common Stock (55,741 underlying)
55,741
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
Restricted Stock Units
→ Class A Common Stock (11,898 underlying)
11,898
Performance Restricted Stock Units
→ Class A Common Stock (17,846 underlying)
17,846

Footnotes (16)

[F1]Shares withheld for payment of tax liability.
[F10]The PSUs previously reported as acquired by the reporting person were forfeited because the minimum performance criteria required for vesting was not met.
[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 or decrease based on the results of the performance condition.
[F12]These restricted stock units units vest in accordance with the following schedule: 1,445 vet on the first through 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 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 or decrease based on the results of the performance condition.
[F15]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).
[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.
[F2]These performance restricted stock units (PSUs) were awarded on March 4, 2022 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 6,930 shares of Class A Common Stock vested.
[F3]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.
[F4]These shares are owned by Eagle SC LLC. The Reporting Person's spouse is the manager of Eagle SC LLC and a trust for the benefit of the Reporting Person owns 95.646% of Eagle SC LLC, and the Reporting Person is the trustee of the trust.
[F5]These stock options are fully vested and exercisable.
[F6]Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
[F7]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)
[F8]Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
[F9]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 or decrease based on the results of the performance condition.

Documents

1 file

4
form4-03062025_060314.xmlPrimary

Issuer

SBA COMMUNICATIONS CORP

CIK 0001034054

→

Entity typeother

Related Parties

filerCIK 0001293293

Filing Metadata

Form type: 4
Filed: Mar 5, 7:00 PM ET
Accepted: Mar 6, 6:30 PM ET
Size: 29.1 KB

View on SEC.gov