Form 4 for SBAC SBA Communications
Accepted 2025-03-06 00:00:00 ET · period of report 2025-03-04 · accession 0001415889-25-007298 · 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 | 2025-03-06 | 2025-03-04 | SBAC | CANE RICHARD M | EVP, Pres. - INTERNATIONAL | F - Tax | $221.51 | -323.37 | 3,998 | -7% | -$71.6K |
| DM | 2025-03-06 | 2025-03-04 | SBAC | CANE RICHARD M | EVP, Pres. - INTERNATIONAL | M - OptEx | $0.00 | +1,328 | 4,045 | +49% | $0 |
| DM | 2025-03-06 | 2025-03-04 | SBAC | CANE RICHARD M | EVP, Pres. - INTERNATIONAL | M - OptEx | $0.00 | -759 | 0 | -100% | $0 |
| D | 2025-03-06 | 2025-03-04 | SBAC | CANE RICHARD M | EVP, Pres. - INTERNATIONAL | D - Sale to Iss | $0.00 | -569 | 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 | 2025-03-04 | F | D | 277.10 | $221.51 | 4,859.25 | D | — | — | (F2) Shares withheld for the payment of tax liability. |
| 2 | Common | Class A Common Stock | 2025-03-04 | M | A | 1,138 | $0.00 | 5,136.35 | D | — | — | (F3) These performance restricted stock units (PSUs) were awarded on March 4, 2022 which were subject to increase or decrease based on the results of the performance condition. These PSUs vested at 200% of target based on the results of the performance condition, such that 1,138 shares of Class A Common Stock vested. |
| 3 | Common | Class A Common Stock | 2025-03-04 | M | A | 190 | $0.00 | 4,044.62 | D | — | — | (F1) Includes an aggregate of 87.72 shares acquired pursuant to the SBA Communications Corporation 2018 Employee Stock Purchase Plan. |
| 4 | Common | Class A Common Stock | 2025-03-04 | F | D | 46.27 | $221.51 | 3,998.35 | D | — | — | (F2) Shares withheld for the payment of tax liability. |
| 5 | Derivative | Restricted Stock Units | 2025-03-04 | M | D | 190 | $0.00 | 0 | 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. (F5) 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). |
| 6 | Derivative | Performance Restricted Stock Units | 2025-03-04 | M | D | 569 | $0.00 | 0 | D | — · — to — | 569 Class A Common Stock | (F3) These performance restricted stock units (PSUs) were awarded on March 4, 2022 which were subject to increase or decrease based on the results of the performance condition. These PSUs vested at 200% of target based on the results of the performance condition, such that 1,138 shares of Class A Common Stock vested. (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 vest on March 4, 2025. The number of shares of Class A Common Stock that will be earned is subject to increase or decrease based on the results of the performance condition. |
| 7 | Derivative | Performance Restricted Stock Units | 2025-03-04 | D | D | 569 | $0.00 | 0 | D | — · — to — | 569 Class A Common Stock | (F8) The PSUs previously reported as acquired by the reporting person were forfeited because the minimum performance criteria required for vesting was not met. (F6) Each performance restricted stock unit represents a contingent right to received one share of Class A Common Stock. (F9) The performance restricted stock units have a three-year performance period and to the extent earned vest on March 4, 2025. The number of shares of Class A Common Stock that will be earned is subject to increase or decrease based on the results of the performance condition. |