0001209191-23-013926.txt : 20230228 0001209191-23-013926.hdr.sgml : 20230228 20230228212517 ACCESSION NUMBER: 0001209191-23-013926 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230225 FILED AS OF DATE: 20230228 DATE AS OF CHANGE: 20230228 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: CANE RICHARD M CENTRAL INDEX KEY: 0001957645 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-16853 FILM NUMBER: 23689390 MAIL ADDRESS: STREET 1: C/O SBA COMMUNICATIONS CORPORATION STREET 2: 8051 CONGRESS AVENUE 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] 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 doc4.xml FORM 4 SUBMISSION X0306 4 2023-02-25 0 0001034054 SBA COMMUNICATIONS CORP SBAC 0001957645 CANE RICHARD M C/O SBA COMMUNICATIONS CORPORATION 8051 CONGRESS AVENUE BOCA RATON FL 33487 0 1 0 0 EVP; Pres. - International Class A Common Stock 2023-02-25 4 M 0 176 0.00 A 667.75 D Class A Common Stock 2023-02-25 4 M 0 1054 0.00 A 1721.75 D Class A Common Stock 2023-02-25 4 M 0 487.475 0.00 A 2209.225 D Class A Common Stock 2023-02-25 4 F 0 439.667 257.82 D 1769.558 D Restricted Stock Units 2023-02-25 4 M 0 176 D Class A Common Stock 176 0 D Performance Restricted Stock Units 2023-02-25 4 M 0 527 D Class A Common Stock 527 0 D Performance Restricted Stock Units 2023-02-25 4 M 0 527 D Class A Common Stock 527 0 D Restricted Stock Units Class A Common Stock 396 396 D Performance Restricted Stock Units Class A Common Stock 593 593 D Performance Restricted Stock Units Class A Common Stock 593 593 D Restricted Stock Units Class A Common Stock 569 569 D Performance Restricted Stock Units Class A Common Stock 569 569 D Performance Restricted Stock Units Class A Common Stock 569 569 D On February 25, 2023, 176 of the Reporting Person's restricted share units were settled for an equal number of shares of Class A Common Stock. Represents shares issued in connection with the vesting of performance restricted share units. The Compensation Committee of the Issuer's Board of Directors determined achievement of the applicable AFFO performance metric at 200%. Represents shares issued in connection with the vesting of performance restricted share units. The Compensation Committee of the Issuer's Board of Directors determined achievement of the applicable TSR performance metric at 92.5%. The remaining performance restricted stock units were forfeited. Shares withheld for payment of tax liability. 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: 175 vest on the first anniversary of the grant date and 176 vest on the second and third anniversaries of the grant date (February 25, 2020). 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 100% on February 25, 2023, 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 performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on February 25, 2023, 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: 197 vest on the first anniversary of the grant date and 198 vest on each of the second and third anniversaries of the grant date (March 4, 2021). These 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 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: 189 vest on the first anniversary of the grant date and 190 vest on each of the second and third anniversaries of the grant date (March 4, 2022). These 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 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. /s/ Joshua Koenig, Attorney-in-Fact 2023-02-28