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