Form 4 for SBAC SBA Communications
Accepted 2023-03-07 00:00:00 ET · period of report 2023-03-04 · accession 0001209191-23-016965 · 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 | 2023-03-07 | 2023-03-06 | SBAC | SILBERSTEIN JASON V | EVP - Site Leasing | F - Tax | $260.35 | -1,144 | 29.3K | -4% | -$297.8K |
| DM | 2023-03-07 | 2023-03-04+ | SBAC | SILBERSTEIN JASON V | EVP - Site Leasing | M - OptEx | $0.00 | +2,907 | 30.3K | +11% | $0 |
| DM | 2023-03-07 | 2023-03-06 | SBAC | SILBERSTEIN JASON V | EVP - Site Leasing | A - Grant | $0.00 | +9,312 | 3,104 | New | $0 |
| DM | 2023-03-07 | 2023-03-04+ | SBAC | SILBERSTEIN JASON V | EVP - Site Leasing | M - OptEx | — | -2,907 | 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 | 2023-03-06 | F | D | 408.06 | $260.35 | 29,908.39 | D | — | — | (F2) Shares withheld for payment of tax liability. |
| 2 | Common | Class A Common Stock | 2023-03-04 | M | A | 991 | $0.00 | 29,136.29 | D | — | — | (F1) On March 4, 2023, 991 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock. |
| 3 | Common | Class A Common Stock | 2023-03-06 | F | D | 389.96 | $260.35 | 28,746.33 | D | — | — | (F2) Shares withheld for payment of tax liability. |
| 4 | Common | Class A Common Stock | 2023-03-04 | M | A | 879 | $0.00 | 29,625.33 | 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 AFFO performance metric at 200%. (F4) On March 4, 2023, 879 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock. |
| 5 | Common | Class A Common Stock | 2023-03-06 | F | D | 345.89 | $260.35 | 29,279.45 | D | — | — | (F2) Shares withheld for payment of tax liability. |
| 6 | Common | Class A Common Stock | 2023-03-06 | M | A | 1,037 | $0.00 | 30,316.45 | D | — | — | (F5) On March 6, 2023, 1,037 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock. |
| 7 | Derivative | Performance Restricted Stock Units | 2023-03-06 | A | A | 3,104 | $0.00 | 3,104 | D | — · — to — | 3,104 Class A Common Stock | (F11) Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock. (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. |
| 8 | Derivative | Restricted Stock Units | 2023-03-06 | A | A | 3,104 | $0.00 | 3,104 | D | — · — to — | 3,104 Class A Common Stock | (F8) Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock. (F17) These restricted stock units vest in accordance with the following schedule: 1,034 vest on the first anniversary of the grant date and 1,035 vest on each of the second through fourth anniversaries of the grant date (March 6, 2023). |
| 9 | Derivative | Restricted Stock Units | 2023-03-04 | M | D | 879 | — | 1,758 | D | — · — to — | 879 Class A Common Stock | (F4) On March 4, 2023, 879 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock. (F8) Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock. (F14) These restricted stock units vest in accordance with the following schedule: 879 vest on each of the first through third anniversaries of the grant date (March 4, 2022). |
| 10 | Derivative | Restricted Stock Units | 2023-03-04 | M | D | 991 | — | 991 | D | — · — to — | 991 Class A Common Stock | (F1) On March 4, 2023, 991 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock. (F8) Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock. (F10) These restricted stock units vest in accordance with the following schedule: 991 vest on each of the first through third anniversaries of the grant date (March 4, 2021). |
| 11 | Derivative | Restricted Stock Units | 2023-03-06 | M | D | 1,037 | — | 0 | D | — · — to — | 1,037 Class A Common Stock | (F5) On March 6, 2023, 1,037 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock. (F8) 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: 1,036 vest on first anniversary of the grant date and 1,037 vest on each of the second through fourth anniversaries of the grant date (March 6, 2019). |
| 12 | Derivative | Performance Restricted Stock Units | 2023-03-06 | A | A | 3,104 | $0.00 | 3,104 | D | — · — to — | 3,104 Class A Common Stock | (F11) Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock. (F19) 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. |