Form 4 for SBAC SBA Communications
Accepted 2023-02-28 00:00:00 ET · period of report 2023-02-25 · accession 0001209191-23-013927 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2023-02-28 | 2023-02-25 | SBAC | Lazarus Brian D | SVP, CAO | M - OptEx | $0.00 | +5,067 | 23.4K | +28% | $0 |
| D | 2023-02-28 | 2023-02-25 | SBAC | Lazarus Brian D | SVP, CAO | F - Tax | $257.82 | -2,012 | 25.9K | -7% | -$518.8K |
| DM | 2023-02-28 | 2023-02-25 | SBAC | Lazarus Brian D | SVP, CAO | M - OptEx | — | -3,629 | 0 | -100% | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2023-02-25 | M | A | 1,438.38 | $0.00 | 27,931.55 | D | — | — | (F3) Represents shares issued in connection with the vesting of performance restricted share units. The Compensation Committee of the Issuer's Board of Directors determined achievement of the applicable TSR performance metric at 92.5%. The remaining performance restricted stock units were forfeited. |
| 2 | Common | Class A Common Stock | 2023-02-25 | M | A | 3,110 | $0.00 | 26,493.18 | D | — | — | (F2) Represents shares issued in connection with the vesting of performance restricted share units. The Compensation Committee of the Issuer's Board of Directors determined achievement of the applicable AFFO performance metric at 200%. |
| 3 | Common | Class A Common Stock | 2023-02-25 | M | A | 519 | $0.00 | 23,383.18 | D | — | — | (F1) On February 25, 2023, 519 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock. |
| 4 | Common | Class A Common Stock | 2023-02-25 | F | D | 2,012.17 | $257.82 | 25,919.39 | D | — | — | (F4) Shares withheld for payment of tax liability. |
| 5 | Derivative | Restricted Stock Units | 2023-02-25 | M | D | 519 | — | 0 | D | — · — to — | 519 Class A Common Stock | (F1) On February 25, 2023, 519 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock. (F7) Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock. (F9) These restricted stock units vest in accordance with the following schedule: 518 vest on the first and second anniversaries of the grant date and 519 vest on the third anniversary of the grant date (February 25, 2020). |
| 6 | Derivative | Performance Restricted Stock Units | 2023-02-25 | M | D | 1,555 | — | 0 | D | — · — to — | 1,555 Class A Common Stock | (F2) Represents shares issued in connection with the vesting of performance restricted share units. The Compensation Committee of the Issuer's Board of Directors determined achievement of the applicable AFFO performance metric at 200%. (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 February 25, 2023, 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. |
| 7 | Derivative | Performance Restricted Stock Units | 2023-02-25 | M | D | 1,555 | — | 0 | D | — · — to — | 1,555 Class A Common Stock | (F3) Represents shares issued in connection with the vesting of performance restricted share units. The Compensation Committee of the Issuer's Board of Directors determined achievement of the applicable TSR performance metric at 92.5%. The remaining performance restricted stock units were forfeited. (F10) Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock. (F12) These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on February 25, 2023, 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. |