Form 4 for SBAC SBA Communications
Accepted 2024-03-06 00:00:00 ET · period of report 2024-03-04 · accession 0001415889-24-007143 · 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 | Lazarus Brian D | SVP, CAO | F - Tax | $208.29 | -1,867 | 9,732 | -16% | -$388.9K |
| DM | 2024-03-06 | 2024-03-04 | SBAC | Lazarus Brian D | SVP, CAO | M - OptEx | $0.00 | +4,684 | 7,753 | +153% | $0 |
| DM | 2024-03-06 | 2024-03-04 | SBAC | Lazarus Brian D | SVP, CAO | M - OptEx | $0.00 | -3,060 | 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 | 213.28 | $208.29 | 7,540.11 | D | — | — | (F3) Shares withheld for the payment of tax liability. |
| 2 | Common | Class A Common Stock | 2024-03-04 | M | A | 3,248 | $0.00 | 10,788.11 | D | — | — | (F4) As previously reported on a Form 4, the Reporting Person was awarded 1,624 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 3,248 shares of Class A Common Stock became issuable to the Reporting Person. |
| 3 | Common | Class A Common Stock | 2024-03-04 | F | D | 1,301.91 | $208.29 | 9,486.19 | D | — | — | (F3) Shares withheld for the payment of tax liability. |
| 4 | Common | Class A Common Stock | 2024-03-04 | M | A | 406 | $0.00 | 9,892.19 | D | — | — | (F5) As previously reported on a Form 4, the Reporting Person was awarded 1,624 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 25% of target. |
| 5 | Common | Class A Common Stock | 2024-03-04 | M | A | 488 | $0.00 | 10,220.43 | D | — | — | |
| 6 | Common | Class A Common Stock | 2024-03-04 | F | D | 192.03 | $208.29 | 10,028.41 | D | — | — | (F3) Shares withheld for the payment of tax liability. |
| 7 | Common | Class A Common Stock | 2024-03-04 | M | A | 542 | $0.00 | 7,753.38 | D | — | — | (F1) Includes 25.087 shares acquired through a dividend reinvestment plan. (F2) Includes an aggregate of 101.23 shares acquired on March 1, 2024 pursuant to the SBA Communications Corporation 2018 Employee Stock Purchase Plan. |
| 8 | Common | Class A Common Stock | 2024-03-04 | F | D | 159.76 | $208.29 | 9,732.43 | D | — | — | (F3) Shares withheld for the payment of tax liability. |
| 9 | Derivative | Performance Restricted Stock Units | 2024-03-04 | M | D | 406 | $0.00 | 0 | D | — · — to — | 406 Class A Common Stock | (F5) As previously reported on a Form 4, the Reporting Person was awarded 1,624 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 25% of target. (F11) Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock. (F13) 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. |
| 10 | Derivative | Performance Restricted Stock Units | 2024-03-04 | M | D | 1,624 | $0.00 | 0 | D | — · — to — | 1,624 Class A Common Stock | (F4) As previously reported on a Form 4, the Reporting Person was awarded 1,624 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 3,248 shares of Class A Common Stock became issuable to the Reporting Person. (F11) Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock. (F12) 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. |
| 11 | Derivative | Restricted Stock Units | 2024-03-04 | M | D | 488 | $0.00 | 488 | D | — · — to — | 488 Class A Common Stock | (F9) 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: 487 vest on the first anniversary of the grant date and 488 vest on each of the second and third anniversaries of the grant date (March 4, 2022). |
| 12 | Derivative | Restricted Stock Units | 2024-03-04 | M | D | 542 | $0.00 | 0 | D | — · — to — | 542 Class A Common Stock | (F9) 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: 541 vest on each of the first and second anniversaries of the grant date and 542 vest on the third anniversary of the grant date (March 4, 2021). |