Montagner Marc 4
4 · SBA COMMUNICATIONS CORP · Filed Mar 10, 2025
Insider Transaction Report
Form 4
Montagner Marc
EVP - CHIEF FINANCIAL OFFICER
Transactions
- Exercise/Conversion
Class A Common Stock
2025-03-06+2,071→ 3,135.865 total - Exercise/Conversion
Restricted Stock Units
2025-03-06−2,071→ 4,144 total→ Class A Common Stock (2,071 underlying) - Award
Restricted Stock Units
2025-03-06+7,354→ 7,354 total→ Class A Common Stock (7,354 underlying) - Tax Payment
Class A Common Stock
2025-03-06$220.38/sh−814.938$179,596→ 2,320.927 total - Award
Performance Restricted Stock Units
2025-03-06+7,354→ 7,354 total→ Class A Common Stock (7,354 underlying)
Holdings
- 3,176
Restricted Stock Units
→ Class A Common Stock (3,176 underlying) - 6,215
Performance Restricted Stock Units
→ Class A Common Stock (6,215 underlying)
Footnotes (8)
- [F1]Shares withheld for the payment of tax liability.
- [F2]Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
- [F3]These restricted stock units vest in accordance with the following schedule: 1,588 vest on the first through third anniversaries of the grant date (October 17, 2023).
- [F4]These restricted stock units vest in accordance with the following schedule: 2,071 vest on the first anniversary and 2,072 vest on the second and third anniversaries of the grant date (March 6, 2024).
- [F5]Each performance restricted stock unit represents a contingent right to received one share of Class A Common Stock.
- [F6]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 is subject to decrease or increase (up to 200%) based on the results of the performance conditions.
- [F7]These restricted stock units vest in accordance with the following schedule: 2,451 vest on the first and second anniversaries and 2,452 vest on the third anniversary of the grant date (March 6, 2025).
- [F8]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, 2028. The number of shares of Class A Common Stock that will be earned is subject to decrease or increase (up to 200%) based on the results of the performance conditions.