Company: SBAC
Filing Date: 2025-04-07
Form Type: DEF 14A
Source: 0001193125-25-074669
Chunk: 75

Company: SBA COMMUNICATIONS CORP
Filing Date: 2025-04-07
Form: DEF 14A
Chunk 75
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 |     | 3,184,986 |
| Health/life insurance benefits        |     |                                                                                                             |     |    17,019 |     |                                                                                                      |     |    34,038 |
| Total                                 |     |                                                                                                             |     | 1,547,019 |     |                                                                                                      |     | 5,769,024 |

| (1) | This amount reflects, in the event the termination occurs not in connection with a Change in Control, a payment equal to two times the sum of Mr. Cavanagh’s (x) base salary for the year in which the termination or resignation occurs and (y) the minimum annual bonus target, and, in the event the termination occurs in connection with a Change in Control, three times such sum. |

| (2) | For Mr. Cavanagh, this amount was calculated based on his minimum annual bonus target for 2024, which was equal to 150% of Mr. Cavanagh’s base salary. Pursuant to the Executive Severance Plan, Messrs. Montagner, Ciarfella, Cane and Koenig would be entitled to a Pro Rata Bonus equal to their respective target annual incentive bonus for 2024. |

| (3) | Represents the value of accelerated time-based and performance-based restricted stock units. The value of the accelerated restricted stock units is calculated by multiplying the closing price of SBA’s Class A common stock on December 31, 2024 ($203.80) by the number of unvested restricted stock units as of December 31, 2024 which, in the case of performance-based restricted stock units, assumes target performance. The number of restricted stock units that are earned upon a “double-trigger” accelerated vesting of performance-based restricted stock units is target or actual performance, depending on the performance metric, calculated in accordance with the award agreement. |

| (4) | This amount reflects a payment equal to two times, in the event the termination occurs not in connection with a Change in Control, and three times, in the event the termination occurs in connection with a Change in Control, the value of health and life insurance benefits and other fringe benefit plans and arrangements applicable to Mr. Cavanagh based on an amount of $33,560 under the terms of Mr. Cavanagh’s employment agreement. |

| (5) | Pursuant to the Executive Severance Plan, this amount reflects, in the event the termination occurs not in connection with