Form 4 for SBAC SBA Communications
Accepted 2024-03-06 00:00:00 ET · period of report 2024-03-04 · accession 0001415889-24-007140 · 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 | 2024-03-06 | 2024-03-04 | SBAC | CANE RICHARD M | EVP, Pres. - INTERNATIONAL | F - Tax | $208.29 | -405.11 | 3,119 | -11% | -$84.4K |
| DM | 2024-03-06 | 2024-03-04 | SBAC | CANE RICHARD M | EVP, Pres. - INTERNATIONAL | M - OptEx | $0.00 | +1,574 | 3,429 | +85% | $0 |
| DM | 2024-03-06 | 2024-03-04 | SBAC | CANE RICHARD M | EVP, Pres. - INTERNATIONAL | M - OptEx | $0.00 | -981 | 0 | -100% | $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 | 2024-03-04 | F | D | 46.26 | $208.29 | 3,262.54 | D | — | — | (F2) Shares withheld for the payment of tax liability. |
| 2 | Common | Class A Common Stock | 2024-03-04 | M | A | 190 | $0.00 | 3,308.81 | D | — | — | |
| 3 | Common | Class A Common Stock | 2024-03-04 | M | A | 198 | $0.00 | 2,291.66 | D | — | — | (F1) Includes an aggregate of 19.584 shares acquired on March 1, 2024 pursuant to the SBA Communications Corporation 2018 Employee Stock Purchase Plan. |
| 4 | Common | Class A Common Stock | 2024-03-04 | F | D | 48.21 | $208.29 | 2,243.45 | D | — | — | (F2) Shares withheld for the payment of tax liability. |
| 5 | Common | Class A Common Stock | 2024-03-04 | M | A | 1,186 | $0.00 | 3,429.45 | D | — | — | (F3) As previously reported on a Form 4, the Reporting Person was awarded 593 performance restricted stock units (PSUs) on March 4, 2021 which were subject to increase or decrease based the results of the performance condition. On March 4, 2024, these PSUs vested at 200% of target based on the results of the performance condition, such that 1,186 shares of Class A Common Stock became issuable to the Reporting Person. |
| 6 | Common | Class A Common Stock | 2024-03-04 | F | D | 310.64 | $208.29 | 3,118.81 | D | — | — | (F2) Shares withheld for the payment of tax liability. |
| 7 | Derivative | Restricted Stock Units | 2024-03-04 | M | D | 190 | $0.00 | 190 | D | — · — to — | 190 Class A Common Stock | (F4) 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: 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 | Restricted Stock Units | 2024-03-04 | M | D | 198 | $0.00 | 0 | D | — · — to — | 198 Class A Common Stock | (F4) Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock. (F5) 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). |
| 9 | Derivative | Performance Restricted Stock Units | 2024-03-04 | M | D | 593 | $0.00 | 0 | D | — · — to — | 593 Class A Common Stock | (F3) As previously reported on a Form 4, the Reporting Person was awarded 593 performance restricted stock units (PSUs) on March 4, 2021 which were subject to increase or decrease based the results of the performance condition. On March 4, 2024, these PSUs vested at 200% of target based on the results of the performance condition, such that 1,186 shares of Class A Common Stock became issuable to the Reporting Person. (F6) Each performance restricted stock unit represents a contingent right to received one share of Class A Common Stock. (F7) The performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on March 4, 2024, 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. |