Ciarfella Mark R 4
4 · SBA COMMUNICATIONS CORP · Filed Dec 9, 2025
Insider Transaction Report
Form 4
Ciarfella Mark R
SVP ?? Operations
Transactions
- Exercise/Conversion
Class A Common Stock
2025-12-05+215→ 37,823.665 total - Tax Payment
Class A Common Stock
2025-12-05$190.00/sh−215$40,850→ 37,608.665 total - Exercise/Conversion
Restricted Stock Units
2025-12-05−215→ 5,545 total→ Class A Common Stock (215 underlying)
Holdings
- 715
Restricted Stock Units
→ Class A Common Stock (715 underlying) - 2,144
Performance Restricted Stock Units
→ Class A Common Stock (2,144 underlying) - 3,063
Restricted Stock units
→ Class A Common Stock (3,063 underlying) - 4,771
Performance Restricted Stock Units
→ Class A Common Stock (4,771 underlying) - 5,760
Performance Restricted Stock Units
→ Class A Common Stock (5,760 underlying)
Footnotes (10)
- [F1]The reported transaction involved the early vesting of Restricted Stock Units and subsequent withholding of 215 shares of Class A Common Stock issuable upon such vesting to pay tax obligations associated with the Reporting Person being retirement eligible under the Issuer's equity program.
- [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, 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]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: 714 vest on the first anniversary of the grant date and 715 vest on the second and third anniversary of the grant date (March 6, 2023).
- [F4]Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
- [F5]The 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.
- [F6]The 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.
- [F7]These restricted stock units vest on the first through third anniversary of the grant date (March 6, 2024).
- [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, 2027. The number of shares of Class A Common Stock that will be earned at the end of the three-year performance period is subject to decrease or increase (up to 200%) based on the results of the performance conditions.
- [F9]These restricted stock units will vest in accordance with the following schedule: 1,848 vest on the first and third anniversaries of the grant date and 1,849 vest on the second anniversary of the grant date (March 6, 2025).