KOENIG JOSHUA 4
4 · SBA COMMUNICATIONS CORP · Filed Mar 10, 2025
Insider Transaction Report
Form 4
KOENIG JOSHUA
EXECUTIVE VP/GENERAL COUNSEL
Transactions
- Tax Payment
Class A Common Stock
2025-03-06$220.38/sh−257.742$56,801→ 7,390.115 total - Tax Payment
Class A Common Stock
2025-03-06$220.38/sh−582.38$128,345→ 8,287.735 total - Exercise/Conversion
Restricted Stock Units
2025-03-06−1,480→ 2,960 total→ Class A Common Stock (1,480 underlying) - Award
Restricted Stock Units
2025-03-06+5,760→ 5,760 total→ Class A Common Stock (5,760 underlying) - Exercise/Conversion
Class A Common Stock
2025-03-06+1,480→ 8,870.115 total - Sale
Class A Common Stock
2025-03-07$224.18/sh−2,209$495,214→ 6,078.735 total - Award
Performance Restricted Stock Units
2025-03-06+5,760→ 5,760 total→ Class A Common Stock (5,760 underlying) - Exercise/Conversion
Class A Common Stock
2025-03-06+655→ 7,647.857 total - Exercise/Conversion
Restricted Stock Units
2025-03-06−655→ 655 total→ Class A Common Stock (655 underlying)
Holdings
- 1,965
Performance Restricted Stock Units
→ Class A Common Stock (1,965 underlying) - 4,440
Performance Restricted Stock Units
→ Class A Common Stock (4,440 underlying) - 9,121
Stock Options (Right to Buy)
Exercise: $182.30Exp: 2026-03-06→ Class A Common Stock (9,121 underlying) - 1,965
Performance Restricted Stock Units
→ Class A Common Stock (1,965 underlying)
Footnotes (12)
- [F1]Shares withheld for payment of tax liability.
- [F10]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.
- [F11]These restricted stock units vest in accordance with the following schedule: 1,920 vest on the first through third anniversaries of the grant date (March 6, 2025).
- [F12]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]Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranges from $224.08 to $224.30 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price.
- [F3]These options are fully vested and immediately exercisable.
- [F4]Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
- [F5]These restricted stock units vest in accordance with the following schedule: 655 vest on the first through third anniversaries of the grant date (March 6,2023).
- [F6]Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
- [F7]These performance 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.
- [F8]These performance 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 restricted stock units vest in accordance with the following schedule: 1,480 vest on the first through third anniversaries of the grant date (March 6, 2024).