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