03/09/2026 | Press release | Distributed by Public on 03/09/2026 16:30
|
FORM 4
|
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) | ||
|
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Restricted Stock Units | (4) | 03/06/2026 | M | 147 | (5) | (5) | Class A Common Stock | 147 | $ 0 | 0 | D | ||||
| Performance Restricted Stock Units | (6) | 03/06/2026 | M | 439(2) | (7) | (7) | Class A Common Stock | 439 | $ 0 | 0 | D | ||||
| Performance Restricted Stock Units | (6) | 03/06/2026 | M | 109.75(3) | (8) | (8) | Class A Common Stock | 109.75 | $ 0 | 329.25 | D | ||||
| Performance Restricted Stock Units | (6) | 03/06/2026 | D | 329.25(9) | (8) | (8) | Class A Common Stock | 329.25 | $ 0 | 0 | D | ||||
| Restricted Stock Units | (4) | 03/06/2026 | M | 585 | (10) | (10) | Class A Common Stock | 585 | $ 0 | 585 | D | ||||
| Restricted Stock Units | (4) | 03/06/2026 | M | 817 | (11) | (11) | Class A Common Stock | 817 | $ 0 | 1,634 | D | ||||
| Restricted Stock Units | (4) | 03/05/2026 | A | 2,845 | (12) | (12) | Class A Common Stock | 2,845 | $ 0 | 2,845 | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
|
KREDI SAUL C/O SBA COMMUNICATIONS CORPORATION 8051 CONGRESS AVENUE BOCA RATON, FL 33487 |
VP & Chief Accounting Officer | |||
| /s/ Joshua Westerman, Attorney-in-Fact | 03/09/2026 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | Shares withheld for payment of tax liability. |
| (2) | As previously reported on a Form 4, the Reporting Person was awarded 439 performance restricted stock units ("PSUs") on March 6, 2023 which were subject to increase or decrease based on the results of the performance condition. On March 6, 2026, these PSUs vested at 200% of target based on the results of the performance condition, such that 878 shares of Class A Common Stock became issuable to the Reporting Person. |
| (3) | As previously reported on a Form 4, the Reporting Person was awarded 439 performance restricted stock units ("PSUs") on March 6, 2023 which were subject to increase or decrease based on the results of the performance condition. On March 6, 2026, these PSUs vested at 25% of target based on the results of the performance condition, such that 109.75 shares of Class A Common Stock became issuable to the Reporting Person. |
| (4) | Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock. |
| (5) | These restricted stock units vest in accordance with the following schedule: 146 vest on the first and second anniversaries of the grant date and 147 vested on the third anniversary of the grant date (March 6, 2023). |
| (6) | Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock. |
| (7) | These performance restricted stock units have a three-year performance period and to the extent earned vest on March 6, 2026. The number of shares of Class A Common Stock that will be earned is subject to increase (up to 200%) or decrease based on the results of the performance condition. |
| (8) | The performance restricted stock units have a three-year performance period and to the extent earned vest on March 6, 2026. The number of shares of Class A Common Stock that will be earned is subject to increase (up to 200%) or decrease based on the results of the performance condition. |
| (9) | As previously reported on a Form 4, the Reporting Person was awarded 439 performance restricted stock units ("PSUs") on March 6, 2023 which were subject to increase or decrease based on the results of the performance condition. On March 6, 2026, these PSUs vested at 25% based on the results of the performance condition, such that 109.75 of the 439 PSUs became issuable to the Reporting Person and the remaining 329.25 were forfeited. |
| (10) | These restricted stock units vest in accordance with the following schedule: 584 vest on the first anniversary and 585 on the second anniversary of the grant date and 585 on the third anniversaries of the grant date (March 6, 2024). |
| (11) | These restricted stock units vest in accordance with the following schedule: 817 vested on the first anniversary and 817 will vest on the second and third anniversaries of the grant date (March 6, 2025). |
| (12) | These restricted stock units vest in accordance with the following schedule: 948 vest on the first and second anniversary of the grant date and 949 vest on the third anniversary of the grant date (March 5, 2026). |