Company: SBAC
Filing Date: 2025-04-07
Form Type: DEF 14A
Source: 0001193125-25-074669
Chunk: 67

Company: SBA COMMUNICATIONS CORP
Filing Date: 2025-04-07
Form: DEF 14A
Chunk 67
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|                      |           |                                          |     |         |     |        |     |           |     |               |       |          | 3/6/2024 |     |            |       |      | PSU3 | -7 |             |                                                                |       |   600 |     |       |  1,199 |     |       |  2,398 |     |           |     |        |     |            |         |   260,147 |
|                      |           |                                          |     |         |     |        |     |           |     |               |       |          | 3/6/2024 |     |            |       |      |  RSU | -8 |             |                                                                |       |       |     |       |        |     |       |        |     |           |     |  5,993 |     |            |         | 1,300,301 |

| (1) | The amounts in these columns reflect potential payments of annual cash incentive compensation based on 2024 performance. The 2024 annual cash incentive payments were made in March 2025. The actual amounts paid under our annual cash incentive compensation program are the amounts reflected in the Non-Equity Incentive Plan Compensation column of the Summary Compensation Table. |

SBA Communications Corporation | 2025 Proxy Statement 55

| 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 |
|               |     |            |     |                      |     |                    |     | ●                      |     |                    |     |            |     |            |     |                                |     |                  |     |         |

| (2) | As described in the CD&A section beginning on page 34, each performance metric in the annual incentive compensation program has a minimum, budget, stretch and maximum level, entitling the officer to 50%, 75%, 100% or 200% of the amount of annual incentive compensation allocated to such metric. An executive would be entitled to receive 100% of his annual cash incentive bonus target if SBA and the individual met each of the performance metrics at the stretch level. |

| (3) | This column represents the number of Performance RSUs granted in 2024