0001209191-23-013927.txt : 20230228
0001209191-23-013927.hdr.sgml : 20230228
20230228212617
ACCESSION NUMBER: 0001209191-23-013927
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: Lazarus Brian D
CENTRAL INDEX KEY: 0001444362
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-16853
FILM NUMBER: 23689393
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]
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
0001444362
Lazarus Brian D
C/O SBA COMMUNICATIONS CORPORATION
8051 CONGRESS AVENUE
BOCA RATON
FL
33487
0
1
0
0
SVP & Chief Accounting Officer
Class A Common Stock
2023-02-25
4
M
0
519
0.00
A
23383.178
D
Class A Common Stock
2023-02-25
4
M
0
3110
0.00
A
26493.178
D
Class A Common Stock
2023-02-25
4
M
0
1438.375
0.00
A
27931.553
D
Class A Common Stock
2023-02-25
4
F
0
2012.168
257.82
D
25919.385
D
Stock Options (Right to Buy)
156.50
2025-03-06
Class A Common Stock
20605
20605
D
Stock Options (Right to Buy)
182.30
2026-03-06
Class A Common Stock
23512
23512
D
Restricted Stock Units
Class A Common Stock
547
547
D
Restricted Stock Units
2023-02-25
4
M
0
519
D
Class A Common Stock
519
0
D
Performance Restricted Stock Units
2023-02-25
4
M
0
1555
D
Class A Common Stock
1555
0
D
Performance Restricted Stock Units
2023-02-25
4
M
0
1555
D
Class A Common Stock
1555
0
D
Restricted Stock Units
Class A Common Stock
1083
1083
D
Performance Restricted Stock Units
Class A Common Stock
1624
1624
D
Performance Restricted Stock Units
Class A Common Stock
1624
1624
D
Restricted Stock Units
Class A Common Stock
1463
1463
D
Performance Restricted Stock Units
Class A Common Stock
1463
1463
D
Performance Restricted Stock Units
Class A Common Stock
1463
1463
D
On February 25, 2023, 519 of the Reporting Person's restricted stock 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.
These options are immediately exercisable.
These options vest in accordance with the following schedule: 5,878 vest on each of the first through fourth anniversaries of the grant date (March 6, 2019).
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: 546 vest on each of the first and third anniversaries of the grant date and 547 vest on each of the second and fourth anniversaries of the grant date (March 6, 2019).
These restricted stock units vest in accordance with the following schedule: 518 vest on the first and second anniversaries of the grant date and 519 vest on the third anniversary 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: 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).
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: 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).
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