March 4, 2024 · Form 4 insider transaction
KOENIG JOSHUA sold 687 shares of SBA Communications Corporation at $0.00 per share, a transaction worth N/A. The trade was recorded as option exercise and disclosed on an SEC Form 4, filed 2 days after the transaction.
Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.; As previously reported on a Form 4, the Reporting Person was awarded 687 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 1,374 shares of Class A Common Stock became issuable to the Reporting Person.; 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 condition.