0001415889-24-007142.txt : 20240306 0001415889-24-007142.hdr.sgml : 20240306 20240306203022 ACCESSION NUMBER: 0001415889-24-007142 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240304 FILED AS OF DATE: 20240306 DATE AS OF CHANGE: 20240306 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Ciarfella Mark R CENTRAL INDEX KEY: 0001504654 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-16853 FILM NUMBER: 24727857 MAIL ADDRESS: STREET 1: C/O SBA COMMUNICATIONS CORPORATION STREET 2: 5900 BROKEN SOUND PARKWAY NW CITY: BOCA RATON STATE: FL ZIP: 33487 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: SBA COMMUNICATIONS CORP CENTRAL INDEX KEY: 0001034054 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 650716501 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 8051 CONGRESS AVENUE CITY: BOCA RATON STATE: FL ZIP: 33487 BUSINESS PHONE: 5612269345 MAIL ADDRESS: STREET 1: 8051 CONGRESS AVENUE CITY: BOCA RATON STATE: FL ZIP: 33487 4 1 form4-03062024_080310.xml X0508 4 2024-03-04 0001034054 SBA COMMUNICATIONS CORP SBAC 0001504654 Ciarfella Mark R C/O SBA COMMUNICATIONS CORPORATION 8051 CONGRESS AVENUE BOCA RATON FL 33487 false true false false EVP - OPERATIONS 0 Class A Common Stock 2024-03-04 4 M 0 677 0 A 29843.6981 D Class A Common Stock 2024-03-04 4 F 0 148.939 208.29 D 29694.7591 D Class A Common Stock 2024-03-04 4 M 0 4060 0 A 33754.7591 D Class A Common Stock 2024-03-04 4 F 0 1010.097 208.29 D 32744.6621 D Class A Common Stock 2024-03-04 4 M 0 610 0 A 33354.6621 D Class A Common Stock 2024-03-04 4 F 0 216.1 208.29 D 33138.5621 D Stock Options (Right to Buy) 182.3 2026-03-06 Class A Common Stock 3545 3545 D Restricted Stock Units 2024-03-04 4 M 0 677 0 D Class A Common Stock 677 0 D Performance Restricted Stock Units 2024-03-04 4 M 0 2030 0 D Class A Common Stock 2030 0 D Restricted Stock Units 2024-03-04 4 M 0 610 0 D Class A Common Stock 610 611 D Performance Restricted Stock Units Class A Common Stock 1831 1831 D Performance Restricted Stock Units Class A Common Stock 1831 1831 D Restricted Stock Units Class A Common Stock 2144 2144 D Performance Restricted Stock Units Class A Common Stock 2144 2144 D Performance Restricted Stock Units Class A Common Stock 2144 2144 D Includes 60.0403 shares acquired through a dividend reinvestment plan. Includes an aggregate of 101.23 shares acquired on March 1, 2024 pursuant to the SBA Communications Corporation 2018 Employee Stock Purchase Plan. Shares withheld for payment of tax liability. As previously reported on a Form 4, the Reporting Person was awarded 2,030 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 4,060 shares of Class A Common Stock became issuable to the Reporting Person. These stock options are fully vested and exercisable. Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock. The restricted stock units vest in accordance with the following schedule: 676 vest on the first anniversary of the grant date and 677 vest on each of the second and third anniversaries of the grant date (March 4, 2021). Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock. 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. These restricted stock units vest in accordance with the following schedule: 610 on the first and second anniversaries of the grant date and 611 on the third anniversary of the grant date (March 4, 2022). The performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on March 4, 2025, 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. The performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on March 4, 2025, 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. These restricted stock units vest in accordance with the following schedule: 714 vest on the first anniversary of the grant date and 715 vest on the second and third anniversary of the grant date (March 6, 2023). The performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on March 6, 2026, 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. The performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on March 6, 2026, 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. /s/ Joshua Koenig, Attorney-in-Fact 2024-03-06