Company: SBAC
Filing Date: 2025-04-07
Form Type: DEF 14A
Source: 0001193125-25-074669
Chunk: 2

Company: SBA COMMUNICATIONS CORP
Filing Date: 2025-04-07
Form: DEF 14A
Chunk 2
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 developing their own networks through site acquisition, zoning, construction and equipment installation.   Global Operations   Our principal operations and offices are in the United States and we also have operations in Brazil, Canada, Chile, Costa Rica, Ecuador, El Salvador, Guatemala, Nicaragua, Panama, Peru, South Africa and Tanzania. |

| WHAT DOES IT TAKE           |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| TO BUILD BETTER  WIRELESS®? |     | A network of landowners, partners, technicians, climbers, buildings, towers and people all coming together to create solid and dependable connections.   It takes a team with a focused passion and a shared vision to build, support and enhance the wireless structure of today and tomorrow.   From strategically located towers to exceptional customer service, every part of SBA has been built from the ground up by a dedicated, trusted and experienced company, driven by a steadfast commitment to excellence, respect and a strong work ethic.   SBA has Essential Infrastructure for Everyday Connections.® |

2 SBA Communications Corporation | 2025 Proxy Statement

| Proxy Summary |     | Proposal 1 |     | Corporate Governance |     | Executive Officers |     | Executive Compensation |     | Security Ownership |     | Proposal 2 |     | Proposal 3 |     | Other Compensation Disclosures |     | Q&A About Voting |     | Other   
 Matters |
| ●             |     |            |     |                      |     |                    |     |                        |     |                    |     |            |     |            |     |                                |     |                  |     |         |

2024 FINANCIAL AND OPERATIONAL HIGHLIGHTS In 2024, SBA continued to deliver strong financial and operational results. We deployed over $1.2 billion of capital through (i) portfolio expansion, (ii) meaningful dividend growth and (iii) opportunistic share repurchases. Despite elevated customer consolidation related churn and foreign currency headwinds, we continued to grow our Adjusted EBITDA, delivering $1,894.3 million in Adjusted EBITDA for the year. Highlights for the year include: For more information relating to SBA’s financial performance, please review our Annual Report on Form 10-Kfor the fiscal year ended December 31, 2024, filed with the Securities and Exchange Commission (the “SEC”) on February 26, 2025. SBA Communications Corporation | 2025 Proxy Statement 3

| Proxy Summary |     | Proposal 1 |