Company: SBAC
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001034054-25-000002
Chunk: 64

Company: SBA COMMUNICATIONS CORP
Filing Date: 2025-02-26
Form: 10-K
Item: Item 9B
Chunk 64
---
1 $ 33,420Exercisable at December 31, 2024  1,066 $173.12 1.0 $ 33,420Unvested at December 31, 2024  22 $252.81 8.1 $ — The weighted-average per share fair value of options granted during the years December 31, 2023 and 2022 was $58.95 and $82.28, respectively.The total intrinsic value for options exercised during the years ended December 31, 2024, 2023, and 2022 was $19.5 million, $40.0 million, and $45.2 million, respectively. Cash received from option exercises under all plans for the years ended December 31, 2024, 2023, and 2022 was approximately $29.4 million, $38.6 million, and $31.6 million, respectively. The tax provision/(benefit) realized for the tax deductions from option exercises under all plans was $1.5 million, ($4.9) million, and ($18.4) million for the years ended December 31, 2024, 2023, and 2022, respectively.The aggregate intrinsic value for stock options in the preceding table represents the total intrinsic value based on the Company’s closing stock price of $203.80 as of December 31, 2024. The amount represents the total intrinsic value that would have been received by the holders of the stock-based awards had these awards been exercised and sold as of that date.Additional information regarding options outstanding and exercisable at December 31, 2024 is as follows:                             Options Outstanding Options Exercisable    Weighted-Average Weighted-   Weighted-    Remaining  Average    AverageRange Outstanding Contractual Life Exercise Price Exercisable Exercise Price  (in thousands) (in years)    (in thousands)   $140.01 - $180.00  422 0.2 $156.52  422 $156.52$180.01 - $230.00  654 1.6 $183.93  638 $182.92$230.01 - $330.00  12 6.5 $320.14  6 $310.59   1,088       1,066    The following table summarizes the activity of options outstanding that had not yet vested:                Weighted-    Average