4//SEC Filing
Ciarfella Mark R 4
Accession 0001504654-25-000004
CIK 0001034054other
Filed
Dec 8, 7:00 PM ET
Accepted
Dec 9, 6:30 PM ET
Size
19.2 KB
Accession
0001504654-25-000004
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).
Documents
Issuer
SBA COMMUNICATIONS CORP
CIK 0001034054
Entity typeother
Related Parties
1- filerCIK 0001504654
Filing Metadata
- Form type
- 4
- Filed
- Dec 8, 7:00 PM ET
- Accepted
- Dec 9, 6:30 PM ET
- Size
- 19.2 KB