Form 4 for SBAC SBA Communications
Accepted 2023-03-07 00:00:00 ET · period of report 2023-03-04 · accession 0001209191-23-016966 · 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 | 2023-03-04 | SBAC | CANE RICHARD M | EVP, Pres. - International | M - OptEx | $0.00 | +387 | 2,120 | +22% | $0 |
| DM | 2023-03-07 | 2023-03-06 | SBAC | CANE RICHARD M | EVP, Pres. - International | F - Tax | $260.35 | -94.23 | 2,074 | -4% | -$24.5K |
| DM | 2023-03-07 | 2023-03-06 | SBAC | CANE RICHARD M | EVP, Pres. - International | A - Grant | $0.00 | +6,243 | 2,081 | New | $0 |
| DM | 2023-03-07 | 2023-03-04 | SBAC | CANE RICHARD M | EVP, Pres. - International | M - OptEx | — | -387 | 380 | -50% | — |
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 | 2023-03-04 | M | A | 198 | $0.00 | 1,979.31 | D | — | — | (F1) Includes 11.75 shares acquired on February 28, 2023 pursuant to the SBA Communications Corporation 2018 Employee Stock Purchase Plan. |
| 2 | Common | Class A Common Stock | 2023-03-06 | F | D | 48.21 | $260.35 | 1,931.10 | D | — | — | (F2) Shares withheld for payment of tax liability. |
| 3 | Common | Class A Common Stock | 2023-03-04 | M | A | 189 | $0.00 | 2,120.10 | D | — | — | |
| 4 | Common | Class A Common Stock | 2023-03-06 | F | D | 46.02 | $260.35 | 2,074.07 | D | — | — | (F2) Shares withheld for payment of tax liability. |
| 5 | Derivative | Performance Restricted Stock Units | 2023-03-06 | A | A | 2,081 | $0.00 | 2,081 | D | — · — to — | 2,081 Class A Common Stock | (F6) Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock. (F15) 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. |
| 6 | Derivative | Restricted Stock Units | 2023-03-04 | M | D | 198 | — | 198 | D | — · — to — | 198 Class A Common Stock | (F5) On March 4, 2023, 198 of the Reporting Person's restricted share units were settled for an equal number of shares of Class A Common Stock. (F3) Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock. (F4) These restricted stock units vest in accordance with the following schedule: 197 vest on the first anniversary of the grant date and 198 vest on each of the second and third anniversaries of the grant date (March 4, 2021). |
| 7 | Derivative | Restricted Stock Units | 2023-03-04 | M | D | 189 | — | 380 | D | — · — to — | 189 Class A Common Stock | (F10) On March 4, 2023, 189 of the Reporting Person's restricted share units were settled for an equal number of shares of Class A Common Stock. (F3) 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: 189 vest on the first anniversary of the grant date and 190 vest on each of the second and third anniversaries of the grant date (March 4, 2022). |
| 8 | Derivative | Performance Restricted Stock Units | 2023-03-06 | A | A | 2,081 | $0.00 | 2,081 | D | — · — to — | 2,081 Class A Common Stock | (F6) Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock. (F14) 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. |
| 9 | Derivative | Restricted Stock Units | 2023-03-06 | A | A | 2,081 | $0.00 | 2,081 | D | — · — to — | 2,081 Class A Common Stock | (F3) Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock. (F13) These restricted stock units vest in accordance with the following schedule: 693 vest on the first anniversary of the grant date and 694 vest on each of the second and third anniversaries of the grant date (March 6, 2023). |