Form 4 for SBAC SBA Communications
Accepted 2023-03-07 00:00:00 ET · period of report 2023-03-04 · accession 0001209191-23-016968 · 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 | Ciarfella Mark R | EVP - Ops | M - OptEx | $0.00 | +1,980 | 29.6K | +7% | $0 |
| DM | 2023-03-07 | 2023-03-06 | SBAC | Ciarfella Mark R | EVP - Ops | F - Tax | $260.35 | -732.60 | 29.4K | -2% | -$190.7K |
| DM | 2023-03-07 | 2023-03-04+ | SBAC | Ciarfella Mark R | EVP - Ops | M - OptEx | — | -1,980 | 1,221 | -62% | — |
| DM | 2023-03-07 | 2023-03-06 | SBAC | Ciarfella Mark R | EVP - Ops | A - Grant | $0.00 | +6,432 | 2,144 | New | $0 |
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 | 677 | $0.00 | 29,244.76 | D | — | — | (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. |
| 2 | Common | Class A Common Stock | 2023-03-06 | F | D | 250.49 | $260.35 | 28,994.27 | D | — | — | (F3) Shares withheld for payment of tax liability. |
| 3 | Common | Class A Common Stock | 2023-03-06 | F | D | 256.41 | $260.35 | 29,815.16 | D | — | — | (F3) Shares withheld for payment of tax liability. |
| 4 | Common | Class A Common Stock | 2023-03-06 | F | D | 225.70 | $260.35 | 29,378.57 | D | — | — | (F3) Shares withheld for payment of tax liability. |
| 5 | Common | Class A Common Stock | 2023-03-06 | M | A | 693 | $0.00 | 30,071.57 | D | — | — | (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. |
| 6 | Common | Class A Common Stock | 2023-03-04 | M | A | 610 | $0.00 | 29,604.27 | D | — | — | (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. |
| 7 | Derivative | Restricted Stock Units | 2023-03-06 | M | D | 693 | — | 0 | D | — · — to — | 693 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. (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). |
| 8 | Derivative | Restricted Stock Units | 2023-03-04 | M | D | 677 | — | 677 | D | — · — to — | 677 Class A Common Stock | (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. (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: 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). |
| 9 | Derivative | Performance Restricted Stock Units | 2023-03-06 | A | A | 2,144 | $0.00 | 2,144 | D | — · — to — | 2,144 Class A Common Stock | (F10) 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. |
| 10 | Derivative | Restricted Stock Units | 2023-03-06 | A | A | 2,144 | $0.00 | 2,144 | D | — · — to — | 2,144 Class A Common Stock | (F7) Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock. (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). |
| 11 | Derivative | Performance Restricted Stock UnitsP | 2023-03-06 | A | A | 2,144 | $0.00 | 2,144 | D | — · — to — | 2,144 Class A Common Stock | (F10) Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock. (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. |
| 12 | Derivative | Restricted Stock Units | 2023-03-04 | M | D | 610 | — | 1,221 | D | — · — to — | 610 Class A Common Stock | (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. (F7) 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: 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). |