0001209191-23-016965.txt : 20230307 0001209191-23-016965.hdr.sgml : 20230307 20230307185807 ACCESSION NUMBER: 0001209191-23-016965 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230304 FILED AS OF DATE: 20230307 DATE AS OF CHANGE: 20230307 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: SILBERSTEIN JASON V CENTRAL INDEX KEY: 0001284848 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-16853 FILM NUMBER: 23714345 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 2023-03-04 0 0001034054 SBA COMMUNICATIONS CORP SBAC 0001284848 SILBERSTEIN JASON V C/O SBA COMMUNICATIONS CORPORATION 8051 CONGRESS AVENUE BOCA RATON FL 33487 0 1 0 0 EVP - Site Leasing Class A Common Stock 2023-03-04 4 M 0 991 0.00 A 29136.292 D Class A Common Stock 2023-03-06 4 F 0 389.958 260.35 D 28746.334 D Class A Common Stock 2023-03-04 4 M 0 879 0.00 A 29625.334 D Class A Common Stock 2023-03-06 4 F 0 345.886 260.35 D 29279.448 D Class A Common Stock 2023-03-06 4 M 0 1037 0.00 A 30316.448 D Class A Common Stock 2023-03-06 4 F 0 408.059 260.35 D 29908.389 D Stock Options (Right to Buy) 115.17 2024-03-06 Class A Common Stock 32930 32930 D Stock Options (Right to Buy) 156.50 2025-03-06 Class A Common Stock 39918 39918 D Stock Options (Right to Buy) 182.30 2026-03-06 Class A Common Stock 44592 44592 D Restricted Stock Units 2023-03-06 4 M 0 1037 D Class A Common Stock 1037 0 D Restricted Stock Units 2023-03-04 4 M 0 991 D Class A Common Stock 991 991 D Performance Restricted Stock Units Class A Common Stock 2973 2973 D Performance Restricted Stock Units Class A Common Stock 2973 2973 D Restricted Stock Units 2023-03-04 4 M 0 879 D Class A Common Stock 879 1758 D Performance Restricted Stock Units Class A Common Stock 2637 2637 D Performance Restricted Stock Units Class A Common Stock 2637 2637 D Restricted Stock Units 2023-03-06 4 A 0 3104 0.00 A Class A Common Stock 3104 3104 D Performance Restricted Stock Units 2023-03-06 4 A 0 3104 0.00 A Class A Common Stock 3104 3104 D Performance Restricted Stock Units 2023-03-06 4 A 0 3104 0.00 A Class A Common Stock 3104 3104 D On March 4, 2023, 991 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock. Shares withheld for payment of tax liability. 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%. On March 4, 2023, 879 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock. On March 6, 2023, 1,037 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock. These options are immediately exercisable. These options vest in accordance with the following schedule: 11,148 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: 1,036 vest on first anniversary of the grant date and 1,037 vest on each of the second through fourth anniversaries of the grant date (March 6, 2019). These restricted stock units vest in accordance with the following schedule: 991 vest on each of the first through 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. 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: 879 vest on each of the first through 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. These restricted stock units vest in accordance with the following schedule: 1,034 vest on the first anniversary of the grant date and 1,035 vest on each of the second through fourth anniversaries 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 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. These 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 2023-03-07