0001415889-24-007144.txt : 20240306
0001415889-24-007144.hdr.sgml : 20240306
20240306203032
ACCESSION NUMBER: 0001415889-24-007144
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: Cavanagh Brendan Thomas
CENTRAL INDEX KEY: 0001293293
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-16853
FILM NUMBER: 24727859
MAIL ADDRESS:
STREET 1: 5900 BROKEN SOUND PARKWAY, NW
CITY: BOCA RATON
STATE: FL
ZIP: 33487-2797
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_080322.xml
X0508
4
2024-03-04
0001034054
SBA COMMUNICATIONS CORP
SBAC
0001293293
Cavanagh Brendan Thomas
C/O SBA COMMUNICATIONS CORPORATION
8051 CONGRESS AVENUE
BOCA RATON
FL
33487
true
true
false
false
PRESIDENT AND CEO
0
Class A Common Stock
2024-03-04
4
M
0
1291
0
A
43137.757
D
Class A Common Stock
2024-03-04
4
F
0
508.008
208.29
D
42629.749
D
Class A Common Stock
2024-03-04
4
M
0
7744
0
A
50373.749
D
Class A Common Stock
2024-03-04
4
F
0
3053.863
208.29
D
47319.886
D
Class A Common Stock
2024-03-04
4
M
0
1155
0
A
48474.886
D
Class A Common Stock
2024-03-04
4
F
0
454.492
208.29
D
48020.394
D
Class A Common Stock
19052
I
By LLC
Stock Options (Right to Buy)
156.5
2025-03-06
Class A Common Stock
50212
50212
D
Stock Options (Right to Buy)
182.3
2026-03-06
Class A Common Stock
55741
55741
D
Restricted Stock Units
2024-03-04
4
M
0
1291
0
D
Class A Common Stock
1291
0
D
Performance Restricted Stock Units
2024-03-04
4
M
0
7744
0
D
Class A Common Stock
7744
0
D
Restricted Stock Units
2024-03-04
4
M
0
1155
0
D
Class A Common Stock
1155
0
D
Performance Restricted Stock Units
Class A Common Stock
3465
3465
D
Performance Restricted Stock Units
Class A Common Stock
3465
3465
D
Restricted Stock Units
Class A Common Stock
4335
4335
D
Performance Restricted Stock Units
Class A Common Stock
4335
4335
D
Performance Restricted Stock Units
Class A Common Stock
4335
4335
D
Shares withheld for payment of tax liability.
As previously reported on a Form 4, the Reporting Person was awarded 3,872 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 7,744 shares of Class A Common Stock became issuable to the Reporting Person.
These shares are owned by Cavanagh Investments, LLC. The Reporting Person is the manager of Cavanagh Investments, LLC and a trust for the benefit of the Reporting Person's spouse owns all of the equity interests in Cavanagh Investments, LLC. The Reporting Person disclaims beneficial ownership of the shares owned by Cavanagh Investments, LLC, except to the extent of his pecuniary interest therein.
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: 1,290 vest on the first anniversary of the grant date and 1,291 vest on the second and 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 conditions.
These restricted stock units vest in accordance with the following schedule: 1,155 vest on 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 conditions.
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 conditions.
These restricted stock units units vest in accordance with the following schedule: 1,445 vet on the first through third 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 conditions.
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 conditions.
/s/ Joshua Koenig, Attorney-in-Fact
2024-03-06