0001415889-24-007143.txt : 20240306 0001415889-24-007143.hdr.sgml : 20240306 20240306203027 ACCESSION NUMBER: 0001415889-24-007143 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: Lazarus Brian D CENTRAL INDEX KEY: 0001444362 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-16853 FILM NUMBER: 24727858 MAIL ADDRESS: STREET 1: 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_080316.xml X0508 4 2024-03-04 0001034054 SBA COMMUNICATIONS CORP SBAC 0001444362 Lazarus Brian D C/O SBA COMMUNICATIONS CORPORATION 8051 CONGRESS AVENUE BOCA RATON FL 33487 false true false false SVP & CHIEF ACCOUNTING OFFICER 0 Class A Common Stock 2024-03-04 4 M 0 542 0 A 7753.384 D Class A Common Stock 2024-03-04 4 F 0 213.277 208.29 D 7540.107 D Class A Common Stock 2024-03-04 4 M 0 3248 0 A 10788.107 D Class A Common Stock 2024-03-04 4 F 0 1301.913 208.29 D 9486.194 D Class A Common Stock 2024-03-04 4 M 0 406 0 A 9892.194 D Class A Common Stock 2024-03-04 4 F 0 159.76 208.29 D 9732.434 D Class A Common Stock 2024-03-04 4 M 0 488 0 A 10220.434 D Class A Common Stock 2024-03-04 4 F 0 192.027 208.29 D 10028.407 D Class A Common Stock 20241.464 I By GRAT Stock Options (Right to Buy) 182.30 2026-03-06 Class A Common Stock 23512 23512 D Restricted Stock Units 2024-03-04 4 M 0 542 0 D Class A Common Stock 542 0 D Performance Restricted Stock Units 2024-03-04 4 M 0 1624 0 D Class A Common Stock 1624 0 D Performance Restricted Stock Units 2024-03-04 4 M 0 406 0 D Class A Common Stock 406 0 D Restricted Stock Units 2024-03-04 4 M 0 488 0 D Class A Common Stock 488 488 D Performance Restricted Stock Units Class A Common Stock 1463 1463 D Performance Restricted Stock Units Class A Common Stock 1463 1463 D Restricted Stock Units Class A Common Stock 1717 1717 D Performance Restricted Stock Units Class A Common Stock 1717 1717 D Performance Restricted Stock Units Class A Common Stock 1717 1717 D Includes 25.087 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 the payment of tax liability. As previously reported on a Form 4, the Reporting Person was awarded 1,624 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 3,248 shares of Class A Common Stock became issuable to the Reporting Person. As previously reported on a Form 4, the Reporting Person was awarded 1,624 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 25% of target. Includes 71.438 shares acquired through a dividend reinvestment plan. These shares are held by the Reporting Person's grantor retained annuity trust ("GRAT"), of which the Reporting Person is the trustee and annuitant. 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. These restricted stock units vest in accordance with the following schedule: 541 vest on each of the first and second anniversaries of the grant date and 542 vest on the third anniversary 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. 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: 487 vest on the first anniversary of the grant date and 488 vest on each of the second and third anniversaries 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: 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). 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