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