0001415889-24-007146.txt : 20240306 0001415889-24-007146.hdr.sgml : 20240306 20240306203036 ACCESSION NUMBER: 0001415889-24-007146 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: STOOPS JEFFREY CENTRAL INDEX KEY: 0001106860 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-16853 FILM NUMBER: 24727861 MAIL ADDRESS: STREET 1: SBA COMMUNICATIONS CORP STREET 2: ONE TOWN CENTER ROAD THIRD FLOOR CITY: BOCA RATON STATE: FL ZIP: 33486 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_080329.xml X0508 4 2024-03-04 0001034054 SBA COMMUNICATIONS CORP SBAC 0001106860 STOOPS JEFFREY C/O SBA COMMUNICATIONS CORPORATION 8051 CONGRESS AVENUE BOCA RATON FL 33487 true false false true CHAIRMAN 0 Class A Common Stock 2024-03-04 4 M 0 3373 0 A 143548.657 D Class A Common Stock 2024-03-04 4 F 0 1248.009 208.29 D 142300.648 D Class A Common Stock 2024-03-04 4 M 0 20236 0 A 162536.648 D Class A Common Stock 2024-03-04 4 F 0 7241.467 208.29 D 155295.181 D Class A Common Stock 2024-03-04 4 M 0 2965 0 A 158260.181 D Class A Common Stock 2024-03-04 4 F 0 1097.049 208.29 D 157163.132 D Class A Common Stock 259863 I By Limited Partnership Stock Options (Right to Buy) 156.50 2025-03-06 Class A Common Stock 137601 137601 D Stock Options (Right to Buy) 182.30 2026-03-06 Class A Common Stock 149446 149446 D Restricted Stock Units 2024-03-04 4 M 0 3373 0 D Class A Common Stock 3373 0 D Performance Restricted Stock Units 2024-03-04 4 M 0 10118 0 D Class A Common Stock 10118 0 D Restricted Stock Units 2024-03-04 4 M 0 2965 0 D Class A Common Stock 2965 2965 D Performance Restricted Stock Units Class A Common Stock 8894 8894 D Performance Restricted Stock Units Class A Common Stock 8894 8894 D Restricted Stock Units Class A Common Stock 10404 10404 D Performance Restricted Stock Units Class A Common Stock 10404 10404 D Performance Restricted Stock Units Class A Common Stock 10404 10404 D Includes an aggregate of 101.23 shares acquired on March 1, 2024 pursuant to the SBA Communications Corporation 2018 Employee Stock Purchase Plan. Shares withheld for payment of tax liability. As previously reported on a Form 4, the Reporting Person was awarded 10,118 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 20,236 shares of Class A Common Stock became issuable to the Reporting Person. These shares are owned by Calculated Risk Partners, L.P., a Delaware limited partnership ("CRLP"). The Reporting Person and his spouse control the general partner of CRLP. The Reporting Person disclaims beneficial ownership of the stock owned by CRLP 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: 3,372 vested on the first anniversary of the grant date and 3,373 vest on each of 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 period. These restricted stock units vest in accordance with the following schedule: 2,964 vested on the first anniversary of the grant date and 2,965 vest on each of the second and 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 period. 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 period. These restricted stock units vest in accordance with the following schedule: 3,468 vest 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 period. 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 period. /s/ Joshua Koenig, Attorney-in-Fact 2024-03-06