Company: SBAC
Filing Date: 2025-04-07
Form Type: DEF 14A
Source: 0001193125-25-074669
Chunk: 57

Company: SBA COMMUNICATIONS CORP
Filing Date: 2025-04-07
Form: DEF 14A
Chunk 57
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| Executive Officer(1) |     | % of Base Salary    |      |     | $ |           |     | % of Annual Bonus      
 Target                 |       |     | $ |           |
| Brendan T. Cavanagh  |     |                     | 150% |     | $ | 1,380,000 |     |                        | 93.1% |     | $ | 1,284,435 |
| Marc Montagner       |     |                     | 100% |     | $ |   640,000 |     |                        | 90.6% |     | $ |   579,840 |
| Mark R. Ciarfella    |     |                     | 100% |     | $ |   520,000 |     |                        | 90.6% |     | $ |   471,120 |
| Richard M. Cane      |     |                     | 100% |     | $ |   510,000 |     |                        | 93.1% |     | $ |   474,810 |
| Joshua M. Koenig     |     |                     | 100% |     | $ |   510,000 |     |                        | 95.6% |     | $ |   487,560 |

| (1) | Jason V. Silberstein retired from his position effective August 1, 2024 and was paid a pro-rata amount of his annual bonus target equal to $409,920 in accordance with the terms of the annual incentive program. |

Equity-Based Compensation Why we pay equity-based compensation. The Compensation Committee’s philosophy is that a majority of an executive’s compensation should be based directly upon the value of long-term incentive compensation in the form of equity awards so as to align the financial interests of our executives with those of our shareholders. The Compensation Committee believes that providing executives with the opportunities to acquire significant stakes in our growth and prosperity (through grants of equity-based compensation), while maintaining other components of our compensation program at competitive levels, will incentivize and reward executives for sound business management, develop a high-performance team environment, foster the accomplishment of short-term and long-term strategic and operational objectives and compensate executives for improvement in shareholder value, all of which are essential to our ongoing success. How equity-based compensation is determined. Annually, the Compensation Committee evaluates the appropriate form and mix of equity-based compensation that SBA will grant as part of its long-term incentive