Form 4 for SBAC SBA Communications
Accepted 2026-03-09 00:00:00 ET · period of report 2026-03-05 · accession 0001504654-26-000002 · 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 | 2026-03-09 | 2026-03-06 | SBAC | Ciarfella Mark R | EVP - Ops | M - OptEx | $0.00 | +8,383 | 42.3K | +25% | $0 |
| DM | 2026-03-09 | 2026-03-06 | SBAC | Ciarfella Mark R | EVP - Ops | F - Tax | $195.69 | -3,171 | 38.1K | -8% | -$620.5K |
| DM | 2026-03-09 | 2026-03-05 | SBAC | Ciarfella Mark R | EVP - Ops | A - Grant | $0.00 | +13.4K | 6,716 | New | $0 |
| D | 2026-03-09 | 2026-03-06 | SBAC | Ciarfella Mark R | EVP - Ops | D - Sale to Iss | $0.00 | -2,144 | 0 | -100% | $0 |
| DM | 2026-03-09 | 2026-03-06 | SBAC | Ciarfella Mark R | EVP - Ops | M - OptEx | $0.00 | -6,239 | 3,697 | -63% | $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 | 2026-03-06 | M | A | 715 | $0.00 | 38,323.67 | D | — | — | |
| 2 | Common | Class A Common Stock | 2026-03-06 | F | D | 675.54 | $195.69 | 42,820.99 | D | — | — | (F1) Shares withheld for payment of tax liability. |
| 3 | Common | Class A Common Stock | 2026-03-06 | M | A | 1,848 | $0.00 | 43,496.53 | D | — | — | |
| 4 | Common | Class A Common Stock | 2026-03-06 | F | D | 566.84 | $195.69 | 41,648.53 | D | — | — | (F1) Shares withheld for payment of tax liability. |
| 5 | Common | Class A Common Stock | 2026-03-06 | M | A | 1,532 | $0.00 | 42,215.37 | D | — | — | |
| 6 | Common | Class A Common Stock | 2026-03-06 | F | D | 1,663.75 | $195.69 | 40,683.37 | D | — | — | (F1) Shares withheld for payment of tax liability. |
| 7 | Common | Class A Common Stock | 2026-03-06 | M | A | 4,288 | $0.00 | 42,347.12 | D | — | — | (F2) As previously reported on a Form 4, the Reporting Person was awarded 2,144 performance restricted stock units ("PSUs") on March 6, 2023 which were subject to increase or decrease based on the results of the performance condition. On March 6, 2026, these PSUs vested at 200% of target based on the results of the performance condition, such that 4,288 shares of Class A Common Stock became issuable to the Reporting Person. |
| 8 | Common | Class A Common Stock | 2026-03-06 | F | D | 264.55 | $195.69 | 38,059.12 | D | — | — | (F1) Shares withheld for payment of tax liability. |
| 9 | Derivative | Restricted Stock Units | 2026-03-05 | A | A | 6,717 | $0.00 | 6,717 | D | — · — to — | 6,717 Class A Common Stock | (F3) 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: 2,239 vesting on the first through third anniversaries of the grant date (March 5, 2026). |
| 10 | Derivative | Performance Restricted Stock Units | 2026-03-05 | A | A | 6,716 | $0.00 | 6,716 | D | — · — to — | 6,716 Class A Common Stock | (F5) 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 5, 2029. The number of shares of Class A Common Stock that will be earned is subject to decrease or increase (up to 200%) based on the results of the performance conditions. |
| 11 | Derivative | Performance Restricted Stock Units | 2026-03-06 | D | D | 2,144 | $0.00 | 0 | D | — · — to — | 2,144 Class A Common Stock | (F7) The PSUs previously reported as acquired by the reporting person were forfeited because the minimum performance criteria required for vesting was not met. (F5) Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock. (F8) The performance restricted stock units have a three-year performance period and to the extent earned vest on March 6, 2026. 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. |
| 12 | Derivative | Restricted Stock units | 2026-03-06 | M | D | 1,532 | $0.00 | 1,531 | D | — · — to — | 1,532 Class A Common Stock | (F3) Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock. (F9) These restricted stock units vest in accordance with the following schedule: 1,530 vested on the first anniversary, 1,532 vested on the second anniversary and 1,531 will vest on the third anniversary of the grant date (March 6, 2024). |
| 13 | Derivative | Restricted Stock Units | 2026-03-06 | M | D | 715 | $0.00 | 0 | D | — · — to — | 715 Class A Common Stock | (F3) Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock. (F4) These restricted stock units vest in accordance with the following schedule: 714 vested on the first anniversary of the grant date and 715 vested on the second and third anniversary of the grant date (March 6, 2023). |
| 14 | Derivative | Performance Restricted Stock Units | 2026-03-06 | M | D | 2,144 | $0.00 | 0 | D | — · — to — | 2,144 Class A Common Stock | (F5) Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock. (F6) The performance restricted stock units have a three-year performance period and to the extent earned vest on March 6, 2026. 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. |
| 15 | Derivative | Restricted Stock Units | 2026-03-06 | M | D | 1,848 | $0.00 | 3,697 | D | — · — to — | 1,848 Class A Common Stock | (F3) Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock. (F11) These restricted stock units will vest in accordance with the following schedule: 1,848 vested on the first anniversary, 1,849 vest on the second anniversary and 1,848 vest on the third anniversary of the grant date (March 6, 2025). |