0001415889-24-007432.txt : 20240308 0001415889-24-007432.hdr.sgml : 20240308 20240308183113 ACCESSION NUMBER: 0001415889-24-007432 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240306 FILED AS OF DATE: 20240308 DATE AS OF CHANGE: 20240308 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: 24736078 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 form4-03082024_060359.xml X0508 4 2024-03-06 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 2024-03-06 4 M 0 714 0 A 33852.5621 D Class A Common Stock 2024-03-06 4 F 0 264.18 216.50 D 33588.3821 D Stock Options (Right to Buy) 182.3 2026-03-06 Class A Common Stock 3545 3545 D Restricted Stock Units Class A Common Stock 611 611 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 2024-03-06 4 M 0 714 0 D Class A Common Stock 714 1430 D Performance Restricted Stock Units Class A Common Stock 2144 2144 D Performance Restricted Stock Units Class A Common Stock 2144 2144 D Restricted Stock units 2024-03-06 4 A 0 4772 0 A Class A Common Stock 4772 4772 D Performance Restricted Stock Units 2024-03-06 4 A 0 4771 0 A Class A Common Stock 4771 4771 D Shares withheld for payment of tax liability. These 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: 610 vest on the first and second anniversary of the grant date and 611 vest on third anniversaries of the grant date (March 4, 2022). Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock. These performance restricted stock units have a three-year performance period and to the extent earned will vest 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 (up to 200%) or decrease based on the results of the performance conditions. These performance restricted stock units have a three-year performance period and to the extent earned will vest 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 (up to 200%) or decrease based on the results of the performance conditions. 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). These performance restricted stock units have a three-year performance period and to the extent earned will vest 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 (up to 200%) or decrease based on the results of the performance conditions. These performance restricted stock units have a three-year performance period and to the extent earned will vest 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 (up to 200%) or decrease based on the results of the performance conditions. These restricted stock units vest in accordance with the following schedule: 1,591 vest on the first and second anniversaries and 1,590 vest on the third anniversary of the grant date (March 6, 2024). 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 6, 2027. 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 decrease or increase (up to 200%) based on the results of the performance conditions. /s/ Joshua Koenig, Attorney-in-Fact 2024-03-08