Company: SBAC
Filing Date: 2025-04-07
Form Type: DEF 14A
Source: 0001193125-25-074669
Chunk: 89

Company: SBA COMMUNICATIONS CORP
Filing Date: 2025-04-07
Form: DEF 14A
Chunk 89
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 Outside of the United States, we own and operate towers in South America, Central America, Canada, South Africa, and Tanzania. To identify the median employee, we calculated the amount of annual total cash compensation plus stock bonus awards paid to all of our employees (other than our CEO). We did not make any cost-of-livingor other adjustments in identifying the median employee. We calculated the 2024 total annual compensation of such employee in accordance with the requirements of the executive compensation rules for the Summary Compensation Table (Item 402(c)(2)(x) of Regulation S-K).Under this calculation, the median employee’s annual total compensation was $68,157. Utilizing the same executive compensation rules, and consistent with the amount reported in the “Total” Column of our 2024 Summary Compensation Table in the Executive Compensation section above for our CEO, the annual total compensation of our CEO was $8,817,502. The resulting ratio of the annual total compensation of our CEO to the annual total compensation of the median employee was 129 to 1. This ratio represents a reasonable estimate calculated in a manner consistent with SEC rules based on the methodology described above. Because the SEC rules for identifying the median employee and calculating the pay ratio permit companies to use various methodologies and assumptions, to apply certain exclusions and to make reasonable estimates that reflect their employee populations and compensation practices, the pay ratio reported by other companies may not be comparable with the pay ratio that we have reported. 74 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 |     | OtherMatters |
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Q&A ABOUT VOTING

| Q: | Who may vote at the Annual Meeting? |

| A: | You may vote all of the shares of our Class A common stock that you owned at the close of business on March 21, 2025, the record date. On the record date, there were 108,028,122 shares of our Class A common stock outstanding and entitled to be voted at the meeting. You may cast one vote for each share