STOOPS JEFFREY 4

Accession 0001415889-25-007302

CIK 0001034054other

View on SEC.gov Company Profile

Filed

Mar 5, 7:00 PM ET

Accepted

Mar 6, 6:30 PM ET

Size

26.3 KB

Accession

0001415889-25-007302

Insider Transaction Report

Form 4

Period: 2025-03-04

SBA COMMUNICATIONS CORPSBAC

STOOPS JEFFREY

DirectorOther

Transactions

Exercise/Conversion
Class A Common Stock
2025-03-04+2,965→ 117,869.972 total
Tax Payment
Class A Common Stock
2025-03-04$221.51/sh−1,097.05$243,008→ 116,772.922 total
Exercise/Conversion
Class A Common Stock
2025-03-04+17,788→ 134,560.922 total
Tax Payment
Class A Common Stock
2025-03-04$221.51/sh−6,999.578$1,550,477→ 127,561.344 total
Exercise/Conversion
Restricted Stock Units
2025-03-04−2,965→ 0 total
→ Class A Common Stock (2,965 underlying)
Exercise/Conversion
Performance Restricted Stock Units
2025-03-04−8,894→ 0 total
→ Class A Common Stock (8,894 underlying)
Disposition to Issuer
Performance Restricted Stock Units
2025-03-04−8,894→ 0 total
→ Class A Common Stock (8,894 underlying)

Holdings

Class A Common Stock
(indirect: By Partnership)
259,863
Stock Options (Right to Buy)
Exercise: $182.30Exp: 2026-03-06→ Class A Common Stock (149,446 underlying)
149,446
Restricted Stock Units
→ Class A Common Stock (6,936 underlying)
6,936
Performance Restricted Stock Units
→ Class A Common Stock (10,404 underlying)
10,404
Performance Restricted Stock Units
→ Class A Common Stock (10,404 underlying)
10,404
Restricted Stock Units
→ Class A Common Stock (906 underlying)
906

Footnotes (14)

[F1]Shares withheld for payment of tax liability.
[F10]These performance restricted stock units have a three-year performance period and to the extent earned vest on March 4, 2024. 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]These restricted stock units vest in accordance with the following schedule: 3,468 vest on the first through third anniversaries of the grant date (March 6, 2023).
[F12]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.
[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 restricted stock units vest in accordance with the following schedule: 302 vest on May 1, 2025; 302 vest on May 1, 2026; and 302 vest on May 1, 2027.
[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 results of the performance condition, such that 17,788 shares of Class A Common Stock vested.
[F3]These shares are owned by Calculated Risk Partners, L.P., a Delaware limited partnership ("CRLP"). The Reporting Person and his spouse control the general partner of CRLP. The Reporting Person disclaims beneficial ownership of the stock owned by CRLP except to the extent of his pecuniary interest therein.
[F4]These stock options are fully vested and exercisable.
[F5]Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
[F6]These restricted stock units vest in accordance with the following schedule: 2,964 vested on the first anniversary of the grant date and 2,965 vest on each of the second and third anniversaries of the grant date (March 4, 2022).
[F7]Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
[F8]These performance restricted stock units have a three-year performance period and to the extent earned vest on March 4, 2024. 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]The PSUs previously reported as acquired by the reporting person were forfeited because the minimum performance criteria required for vesting was not met.

Documents

1 file

4
form4-03062025_060318.xmlPrimary

Issuer

SBA COMMUNICATIONS CORP

CIK 0001034054

→

Entity typeother

Related Parties

filerCIK 0001106860

Filing Metadata

Form type: 4
Filed: Mar 5, 7:00 PM ET
Accepted: Mar 6, 6:30 PM ET
Size: 26.3 KB

View on SEC.gov