Form 4 for SBAC SBA Communications
Accepted 2024-03-08 00:00:00 ET · period of report 2024-03-06 · accession 0001415889-24-007425 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2024-03-08 | 2024-03-06 | SBAC | Cavanagh Brendan Thomas | Pres AND CEO, Dir | M - OptEx | $0.00 | +1,445 | 49.5K | +3% | $0 |
| D | 2024-03-08 | 2024-03-06 | SBAC | Cavanagh Brendan Thomas | Pres AND CEO, Dir | F - Tax | $216.50 | -568.61 | 48.9K | -1% | -$123.1K |
| DM | 2024-03-08 | 2024-03-06 | SBAC | Cavanagh Brendan Thomas | Pres AND CEO, Dir | A - Grant | $0.00 | +29.7K | 11.9K | New | $0 |
| D | 2024-03-08 | 2024-03-06 | SBAC | Cavanagh Brendan Thomas | Pres AND CEO, Dir | M - OptEx | $0.00 | -1,445 | 2,890 | -33% | $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 | 2024-03-06 | M | A | 1,445 | $0.00 | 49,465.39 | D | — | — | |
| 2 | Common | Class A Common Stock | 2024-03-06 | F | D | 568.61 | $216.50 | 48,896.79 | D | — | — | (F1) Shares withheld for payment of tax liability. |
| 3 | Derivative | Performance Restricted Stock Units | 2024-03-06 | A | A | 17,846 | $0.00 | 17,846 | D | — · — to — | 17,846 Class A Common Stock | (F6) Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock. (F13) These performance restricted stock units will be earned based upon the Issuer's performance on each of three different financial metrics during the three-year performance period. Once earned, the performance restricted stock units will vest on March 6, 2027. 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 decrease or increase (up to 200%) based on the results of the performance conditions. |
| 4 | Derivative | Restricted Stock Units | 2024-03-06 | M | D | 1,445 | $0.00 | 2,890 | D | — · — to — | 1,445 Class A Common Stock | (F4) Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock. (F9) These restricted stock units units vest in accordance with the following schedule: 1,445 vest on the first through third anniversaries of the grant date (March 6, 2023). |
| 5 | Derivative | Restricted Stock Units | 2024-03-06 | A | A | 11,898 | $0.00 | 11,898 | D | — · — to — | 11,898 Class A Common Stock | (F4) Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock. (F12) These restricted stock units vest in accordance with the following schedule: 3,966 vest on the first through third anniversaries of the grant date (March 6, 2024). |