0001415889-24-007425.txt : 20240308 0001415889-24-007425.hdr.sgml : 20240308 20240308183035 ACCESSION NUMBER: 0001415889-24-007425 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240306 FILED AS OF DATE: 20240308 DATE AS OF CHANGE: 20240308 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: 24736070 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 form4-03082024_060322.xml X0508 4 2024-03-06 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 2024-03-06 4 M 0 1445 0 A 49465.3940 D Class A Common Stock 2024-03-06 4 F 0 568.607 216.50 D 48896.7870 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 Class A Common Stock 1155 1155 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 2024-03-06 4 M 0 1445 0 D Class A Common Stock 1445 2890 D Performance Restricted Stock Units Class A Common Stock 4335 4335 D Performance Restricted Stock Units Class A Common Stock 4335 4335 D Restricted Stock Units 2024-03-06 4 A 0 11898 0 A Class A Common Stock 11898 11898 D Performance Restricted Stock Units 2024-03-06 4 A 0 17846 0 A Class A Common Stock 17846 17846 D Shares withheld for payment of tax liability. 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 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: 1,155 vest on the first through third anniversaries of the grant date (March 4, 2022). 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 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 (up to 200%) 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 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 (up to 200%) or decrease based on the results of the performance conditions. These restricted stock units units vest in accordance with the following schedule: 1,445 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 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 (up to 200%) 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 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 (up to 200%) or decrease based on the results of the performance conditions. These restricted stock units vest in accordance with the following schedule: 3,966 vest on the first through third anniversaries of the grant date (March 6, 2024). These performance restricted stock units will be earned based upon the Issuer's performance on each of three different financial metrics during the three-year performance period. Once earned, the performance restricted stock units will vest on March 6, 2027. 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 decrease or increase (up to 200%) based on the results of the performance conditions. /s/ Joshua Koenig, Attorney-in-Fact 2024-03-08