Mark R. Ciarfella - Mar 4, 2023 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Role
EVP - Operations
Signature
/s/ Joshua Koenig, Attorney-in-Fact
Stock symbol
SBAC
Transactions as of
Mar 4, 2023
Transactions value $
-$190,732
Form type
4
Date filed
3/7/2023, 06:00 PM
Previous filing
Feb 28, 2023
Next filing
Nov 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBAC Class A Common Stock Options Exercise $0 +677 +2.37% $0.00 29.2K Mar 4, 2023 Direct F1, F2
transaction SBAC Class A Common Stock Tax liability -$65.2K -250 -0.86% $260.35 29K Mar 6, 2023 Direct F3
transaction SBAC Class A Common Stock Options Exercise $0 +610 +2.1% $0.00 29.6K Mar 4, 2023 Direct F4
transaction SBAC Class A Common Stock Tax liability -$58.8K -226 -0.76% $260.35 29.4K Mar 6, 2023 Direct F3
transaction SBAC Class A Common Stock Options Exercise $0 +693 +2.36% $0.00 30.1K Mar 6, 2023 Direct F5
transaction SBAC Class A Common Stock Tax liability -$66.8K -256 -0.85% $260.35 29.8K Mar 6, 2023 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SBAC Restricted Stock Units Options Exercise -693 -100% 0 Mar 6, 2023 Class A Common Stock 693 Direct F5, F7, F8
transaction SBAC Restricted Stock Units Options Exercise -677 -50% 677 Mar 4, 2023 Class A Common Stock 677 Direct F1, F7, F9
transaction SBAC Restricted Stock Units Options Exercise -610 -33.32% 1.22K Mar 4, 2023 Class A Common Stock 610 Direct F4, F7, F13
transaction SBAC Restricted Stock Units Award $0 +2.14K $0.00 2.14K Mar 6, 2023 Class A Common Stock 2.14K Direct F7, F16
transaction SBAC Performance Restricted Stock UnitsP Award $0 +2.14K $0.00 2.14K Mar 6, 2023 Class A Common Stock 2.14K Direct F10, F17
transaction SBAC Performance Restricted Stock Units Award $0 +2.14K $0.00 2.14K Mar 6, 2023 Class A Common Stock 2.14K Direct F10, F18
holding SBAC Stock Options (Right to Buy) 8.55K Mar 4, 2023 Class A Common Stock 8.55K $182.30 Direct F6
holding SBAC Performance Restricted Stock Units 2.03K Mar 4, 2023 Class A Common Stock 2.03K Direct F10, F11
holding SBAC Performance Restricted Stock Units 2.03K Mar 4, 2023 Class A Common Stock 2.03K Direct F10, F12
holding SBAC Performance Restricted Stock Units 1.83K Mar 4, 2023 Class A Common Stock 1.83K Direct F10, F14
holding SBAC Performance Restricted Stock Units 1.83K Mar 4, 2023 Class A Common Stock 1.83K Direct F10, F15
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 4, 2023, 677 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
F2 Includes 83.528 shares acquired on February 28, 2023 pursuant to the SBA Communications Corporation 2018 Employee Stock Purchase Plan.
F3 Shares withheld for payment of tax liability.
F4 On March 6, 2023, 610 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
F5 On March 6, 2023, 693 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
F6 These options vest in accordance with the following schedule: 7,449 vest on each of the first through fourth anniversaries of the grant date (March 6, 2019).
F7 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F8 These restricted stock units vest in accordance with the following schedule: 692 vest on first anniversary of the grant date and 693 vest on each of the second through fourth anniversaries of the grant date (March 6, 2019).
F9 These restricted stock units vest in accordance with the following schedule: 676 vest on the first anniversary of the grant date and 677 vest on each of the second and third anniversaries of the grant date (March 4, 2021).
F10 Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F11 These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on March 4, 2024, which is the third anniversary of the grant date. 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 increase or decrease based on the results of the performance condition.
F12 These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on March 4, 2024, which is the third anniversary of the grant date. 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 increase or decrease based on the results of the performance condition.
F13 These restricted stock units vest in accordance with the following schedule: 610 vest on the first and second anniversary of the grant date and 611 vest on third anniversaries of the grant date (March 4, 2022).
F14 These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on March 4, 2025, which is the third anniversary of the grant date. 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 increase or decrease based on the results of the performance condition.
F15 These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on March 4, 2025, which is the third anniversary of the grant date. 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 increase or decrease based on the results of the performance condition.
F16 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 second and third anniversaries of the grant date (March 6, 2023).
F17 These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on March 6, 2026, which is the third anniversary of the grant date. 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 increase or decrease based on the results of the performance condition.
F18 These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on March 6, 2026, which is the third anniversary of the grant date. 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 increase or decrease based on the results of the performance condition.