Form 4 for SBAC SBA Communications
Accepted 2023-03-07 00:00:00 ET · period of report 2023-03-04 · accession 0001209191-23-016972 · 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 | Cavanagh Brendan Thomas | EVP, CFO | F - Tax | $260.35 | -1,472 | 41.8K | -3% | -$383.4K |
| DM | 2023-03-07 | 2023-03-04+ | SBAC | Cavanagh Brendan Thomas | EVP, CFO | M - OptEx | $0.00 | +3,742 | 40.9K | +10% | $0 |
| DM | 2023-03-07 | 2023-03-04+ | SBAC | Cavanagh Brendan Thomas | EVP, CFO | M - OptEx | — | -3,742 | 2,310 | -62% | — |
| DM | 2023-03-07 | 2023-03-06 | SBAC | Cavanagh Brendan Thomas | EVP, CFO | A - Grant | $0.00 | +13.0K | 4,335 | 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 | 2023-03-06 | F | D | 508.01 | $260.35 | 40,360.22 | D | — | — | (F2) Shares withheld for payment of tax liability. |
| 2 | Common | Class A Common Stock | 2023-03-04 | M | A | 1,155 | $0.00 | 41,515.22 | D | — | — | (F3) On March 6, 2023, 1,155 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 | 454.49 | $260.35 | 41,060.73 | D | — | — | (F2) Shares withheld for payment of tax liability. |
| 4 | Common | Class A Common Stock | 2023-03-06 | M | A | 1,296 | $0.00 | 42,356.73 | D | — | — | (F4) On March 6, 2023, 1,296 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 | 509.98 | $260.35 | 41,846.76 | D | — | — | (F2) Shares withheld for payment of tax liability. |
| 6 | Common | Class A Common Stock | 2023-03-04 | M | A | 1,291 | $0.00 | 40,868.23 | D | — | — | (F1) On March 4, 2023, 1,291 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 | 1,296 | — | 0 | D | — · — to — | 1,296 Class A Common Stock | (F4) On March 6, 2023, 1,296 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: 1,296 vest on each of the first through fourth anniversaries of the grant date (March 6, 2019). |
| 8 | Derivative | Restricted Stock Units | 2023-03-04 | M | D | 1,291 | — | 1,291 | D | — · — to — | 1,291 Class A Common Stock | (F1) On March 4, 2023, 1,291 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: 1,290 vest on the first anniversary of the grant date and 1,291 vests on each of the second and third anniversaries of the grant date (March 4, 2021). |
| 9 | Derivative | Performance Restricted | 2023-03-06 | A | A | 4,335 | $0.00 | 4,335 | D | — · — to — | 4,335 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 | 4,335 | $0.00 | 4,335 | D | — · — to — | 4,335 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: 1,445 vest on the first through third anniversaries of the grant date (March 6, 2023). |
| 11 | Derivative | Performance Restricted Stock Units | 2023-03-06 | A | A | 4,335 | $0.00 | 4,335 | D | — · — to — | 4,335 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 | 1,155 | — | 2,310 | D | — · — to — | 1,155 Class A Common Stock | (F3) On March 6, 2023, 1,155 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: 1,155 vest on the first through third anniversaries of the grant date (March 4, 2022). |