Form 4 for SBAC SBA Communications
Accepted 2024-03-08 00:00:00 ET · period of report 2024-03-06 · accession 0001415889-24-007431 · 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 | Lazarus Brian D | SVP, CAO | F - Tax | $216.50 | -225.08 | 21.3K | -1% | -$48.7K |
| D | 2024-03-08 | 2024-03-06 | SBAC | Lazarus Brian D | SVP, CAO | M - OptEx | $0.00 | +572 | 21.5K | +3% | $0 |
| DM | 2024-03-08 | 2024-03-06 | SBAC | Lazarus Brian D | SVP, CAO | A - Grant | $0.00 | +6,770 | 3,385 | New | $0 |
| D | 2024-03-08 | 2024-03-06 | SBAC | Lazarus Brian D | SVP, CAO | M - OptEx | $0.00 | -572 | 1,145 | -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 | F | D | 225.08 | $216.50 | 21,250.33 | D | — | — | (F2) Shares withheld for the payment of tax liability. |
| 2 | Common | Class A Common Stock | 2024-03-06 | M | A | 572 | $0.00 | 21,475.41 | D | — | — | (F1) Reflects shares previously held indirectly by the Reporting Person's GRAT (defined below) which were transferred to the Reporting Person's direct holdings. |
| 3 | Derivative | Performance Restricted Stock Units | 2024-03-06 | A | A | 3,385 | $0.00 | 3,385 | D | — · — to — | 3,385 Class A Common Stock | (F7) Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock. (F14) 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 | A | A | 3,385 | $0.00 | 3,385 | D | — · — to — | 3,385 Class A Common Stock | (F5) 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: 1,128 vest on the first and second anniversaries and 1,129 vest on the third anniversary of the grant date (March 6, 2024). |
| 5 | Derivative | Restricted Stock Units | 2024-03-06 | M | D | 572 | $0.00 | 1,145 | D | — · — to — | 572 Class A Common Stock | (F5) 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: 572 vest on the first and second anniversaries of the grant date and 573 vest on the third anniversary of the grant date (March 6, 2023). |