Montagner Marc 4
4 · SBA COMMUNICATIONS CORP · Filed Oct 27, 2025
Insider Transaction Report
Form 4
Montagner Marc
EVP - CHIEF FINANCIAL OFFICER
Transactions
- Exercise/Conversion
Restricted Stock Units
2025-10-17−1,588→ 1,588 total→ Class A Common Stock (1,588 underlying) - Exercise/Conversion
Class A Common Stock
2025-10-17+1,588→ 3,945.328 total - Tax Payment
Class A Common Stock
2025-10-17$197.42/sh−624.878$123,363→ 3,320.45 total
Holdings
- 6,215
Performance Restricted Stock Units
→ Class A Common Stock (6,215 underlying) - 4,144
Restricted Stock Units
→ Class A Common Stock (4,144 underlying) - 7,354
Restricted Stock Units
→ Class A Common Stock (7,354 underlying) - 7,354
Performance Restricted Stock Units
→ Class A Common Stock (7,354 underlying)
Footnotes (9)
- [F1]Includes 36.401 shares acquired through a dividend reinvestment plan.
- [F2]Shares withheld for payment of tax liability.
- [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: 1,588 vested on each of the first and second anniversaries and 1,588 vests on the third anniversary of the grant date (October 17, 2023).
- [F5]These restricted stock units vest in accordance with the following schedule: 2,071 vested on the first anniversary and 2,072 vest on the second and third anniversaries of the grant date (March 6, 2024).
- [F6]Each performance restricted stock unit represents a contingent right to received one share of Class A Common Stock.
- [F7]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.
- [F8]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).
- [F9]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.