0001415889-24-007145.txt : 20240306 0001415889-24-007145.hdr.sgml : 20240306 20240306203035 ACCESSION NUMBER: 0001415889-24-007145 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: SILBERSTEIN JASON V CENTRAL INDEX KEY: 0001284848 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-16853 FILM NUMBER: 24727860 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_080326.xml X0508 4 2024-03-04 0001034054 SBA COMMUNICATIONS CORP SBAC 0001284848 SILBERSTEIN JASON V C/O SBA COMMUNICATIONS CORPORATION 8051 CONGRESS AVENUE BOCA RATON FL 33487 false true false false EVP - SITE LEASING 0 Class A Common Stock 2024-03-04 4 M 0 991 0 A 30499.3890 D Class A Common Stock 2024-03-04 4 F 0 366.669 208.29 D 30132.7200 D Class A Common Stock 2024-03-04 4 M 0 5946 0 A 36078.72 D Class A Common Stock 2024-03-04 4 F 0 1637.387 208.29 D 34441.333 D Class A Common Stock 2024-03-04 4 M 0 879 0 A 35320.3330 D Class A Common Stock 2024-03-04 4 F 0 325.23 208.29 D 34995.1030 D Stock Options (Right to Buy) 115.17 2024-03-06 Class A Common Stock 16465 16465 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 2024-03-04 4 M 0 991 0 D Class A Common Stock 991 0 D Performance Restricted Stock Units 2024-03-04 4 M 0 2973 0 D Class A Common Stock 2973 0 D Restricted Stock Units 2024-03-04 4 M 0 879 0 D Class A Common Stock 879 879 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 Class A Common Stock 3104 3104 D Performance Restricted Stock Units Class A Common Stock 3104 3104 D Performance Restricted Stock Units Class A Common Stock 3104 3104 D Shares withheld for payment of tax liability. As previously reported on a Form 4, the Reporting Person was awarded 2,973 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 5,946 shares of Class A Common Stock became issuable to the Reporting Person. 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: 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 result 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 result 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 result 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 1,025 vest on the second and 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 result 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 result of the performance condition. /s/ Joshua Koenig, Attorney-in-Fact 2024-03-06