Cavanagh Brendan Thomas 4

Accession 0001415889-25-007583

CIK 0001034054other

View on SEC.gov Company Profile

Filed

Mar 9, 8:00 PM ET

Accepted

Mar 10, 6:30 PM ET

Size

27.8 KB

Accession

0001415889-25-007583

Insider Transaction Report

Form 4

Period: 2025-03-06

SBA COMMUNICATIONS CORPSBAC

Cavanagh Brendan Thomas

Senior Vice President & CFO

Transactions

Tax Payment
Class A Common Stock
2025-03-06$220.38/sh−1,560.621$343,930→ 49,992.113 total
Tax Payment
Class A Common Stock
2025-03-06$220.38/sh−568.607$125,310→ 47,586.734 total
Award
Performance Restricted Stock Units
2025-03-06+22,516→ 22,516 total
→ Class A Common Stock (22,516 underlying)
Award
Restricted Stock Units
2025-03-06+15,011→ 15,011 total
→ Class A Common Stock (15,011 underlying)
Exercise/Conversion
Class A Common Stock
2025-03-06+1,445→ 48,155.341 total
Exercise/Conversion
Class A Common Stock
2025-03-06+3,966→ 51,552.734 total
Exercise/Conversion
Restricted Stock Units
2025-03-06−1,445→ 1,445 total
→ Class A Common Stock (1,445 underlying)
Exercise/Conversion
Restricted Stock Units
2025-03-06−3,966→ 7,932 total
→ Class A Common Stock (3,966 underlying)

Holdings

Class A Common Stock
(indirect: By LLC)
19,055
Performance Restricted Stock Units
→ Class A Common Stock (4,335 underlying)
4,335
Performance Restricted Stock Units
→ Class A Common Stock (17,846 underlying)
17,846
Performance Restricted Stock Units
→ Class A Common Stock (4,335 underlying)
4,335
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

Footnotes (13)

[F1]Shares withheld for payment of tax liability.
[F10]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).
[F11]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.
[F12]These restricted stock units vest in accordance with the following schedule: 5,003 vest on the first anniversary of the grant date and 5,004 vest on the second and third anniversaries of the grant dare (March 6, 2025).
[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, 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.
[F2]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.
[F3]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.
[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 units vest in accordance with the following schedule: 1,445 vest on the first through third anniversaries of the grant date (March 6, 2023).
[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 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.
[F9]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.

Documents

1 file

4
form4-03102025_060308.xmlPrimary

Issuer

SBA COMMUNICATIONS CORP

CIK 0001034054

→

Entity typeother

Related Parties

filerCIK 0001293293

Filing Metadata

Form type: 4
Filed: Mar 9, 8:00 PM ET
Accepted: Mar 10, 6:30 PM ET
Size: 27.8 KB

View on SEC.gov