0001415889-24-007431.txt : 20240308
0001415889-24-007431.hdr.sgml : 20240308
20240308183108
ACCESSION NUMBER: 0001415889-24-007431
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: Lazarus Brian D
CENTRAL INDEX KEY: 0001444362
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-16853
FILM NUMBER: 24736077
MAIL ADDRESS:
STREET 1: 5900 BROKEN SOUND PARKWAY, NW
CITY: BOCA RATON
STATE: FL
ZIP: 33487
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_060354.xml
X0508
4
2024-03-06
0001034054
SBA COMMUNICATIONS CORP
SBAC
0001444362
Lazarus Brian D
C/O SBA COMMUNICATIONS CORPORATION
8051 CONGRESS AVENUE
BOCA RATON
FL
33487
false
true
false
false
SVP & CHIEF ACCOUNTING OFFICER
0
Class A Common Stock
2024-03-06
4
M
0
572
0
A
21475.407
D
Class A Common Stock
2024-03-06
4
F
0
225.081
216.50
D
21250.326
D
Class A Common Stock
9366.464
I
By GRAT
Stock Options (Right to Buy)
182.30
2026-03-06
Class A Common Stock
23512
23512
D
Restricted Stock Units
Class A Common Stock
488
488
D
Performance Restricted Stock Units
Class A Common Stock
1463
1463
D
Performance Restricted Stock Units
Class A Common Stock
1463
1463
D
Restricted Stock Units
2024-03-06
4
M
0
572
0
D
Class A Common Stock
572
1145
D
Performance Restricted Stock Units
Class A Common Stock
1717
1717
D
Performance Restricted Stock Units
Class A Common Stock
1717
1717
D
Restricted Stock Units
2024-03-06
4
A
0
3385
0
A
Class A Common Stock
3385
3385
D
Performance Restricted Stock Units
2024-03-06
4
A
0
3385
0
A
Class A Common Stock
3385
3385
D
Reflects shares previously held indirectly by the Reporting Person's GRAT (defined below) which were transferred to the Reporting Person's direct holdings.
Shares withheld for the payment of tax liability.
These shares are held by the Reporting Person's grantor retained annuity trust ("GRAT"), of which the Reporting Person is the trustee and annuitant.
These options are immediately 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: 487 vest on the first anniversary of the grant date and 488 vest on each of the second and 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 vest in accordance with the following schedule: 572 vest on the first and second anniversaries of the grant date and 573 vest on the third anniversary 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: 1,128 vest on the first and second anniversaries and 1,129 vest on the third anniversary 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