4//SEC Filing
Ciarfella Mark R 4
Accession 0001415889-25-007301
CIK 0001034054other
Filed
Mar 5, 7:00 PM ET
Accepted
Mar 6, 6:30 PM ET
Size
25.6 KB
Accession
0001415889-25-007301
Insider Transaction Report
Form 4
Ciarfella Mark R
SVP ?? Operations
Transactions
- Exercise/Conversion
Class A Common Stock
2025-03-04+611→ 34,199.382 total - Tax Payment
Class A Common Stock
2025-03-04$221.51/sh−226.07$50,077→ 33,973.312 total - Exercise/Conversion
Class A Common Stock
2025-03-04+3,662→ 37,635.312 total - Tax Payment
Class A Common Stock
2025-03-04$221.51/sh−1,440.997$319,195→ 36,194.315 total - Exercise/Conversion
Restricted Stock Units
2025-03-04−611→ 0 total→ Class A Common Stock (611 underlying) - Exercise/Conversion
Performance Restricted Stock Units
2025-03-04−1,831→ 0 total→ Class A Common Stock (1,831 underlying) - Disposition to Issuer
Performance Restricted Stock Units
2025-03-04−1,831→ 0 total→ Class A Common Stock (1,831 underlying)
Holdings
- 1,430
Restricted Stock Units
→ Class A Common Stock (1,430 underlying) - 2,144
Performance Restricted Stock Units
→ Class A Common Stock (2,144 underlying) - 2,144
Performance Restricted Stock Units
→ Class A Common Stock (2,144 underlying) - 4,593
Restricted Stock units
→ Class A Common Stock (4,593 underlying) - 4,771
Performance Restricted Stock Units
→ Class A Common Stock (4,771 underlying)
Footnotes (13)
- [F1]Shares withheld for payment of tax liability.
- [F10]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.
- [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]These restricted stock units vest on the first through third anniversary 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 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 3,662 shares of Class A Common Stock vested.
- [F3]Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
- [F4]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).
- [F5]Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
- [F6]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.
- [F7]The PSUs previously reported as acquired by the reporting person were forfeited because the minimum performance criteria required for vesting was not met.
- [F8]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.
- [F9]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).
Documents
Issuer
SBA COMMUNICATIONS CORP
CIK 0001034054
Entity typeother
Related Parties
1- filerCIK 0001504654
Filing Metadata
- Form type
- 4
- Filed
- Mar 5, 7:00 PM ET
- Accepted
- Mar 6, 6:30 PM ET
- Size
- 25.6 KB