Company: SBAC
Filing Date: 2025-04-07
Form Type: DEF 14A
Source: 0001193125-25-074669
Chunk: 92

Company: SBA COMMUNICATIONS CORP
Filing Date: 2025-04-07
Form: DEF 14A
Chunk 92
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, your shares will be counted for purposes of determining whether a quorum is present. |

| Q: | What is the required vote for approval of each of the proposals and what is the impact of abstentions? |

| A: | A proposal has received a majority of the votes cast if the votes cast “FOR” a proposal exceed the votes cast “AGAINST” a proposal. In addition, we intend to evaluate the advisory Proposal 3 using the same standard. Consequently, abstentions will have no impact on the results, as they are not counted as votes cast. |

| Proposal    |     |                                |     | Vote Required for Approval |     | Abstentions |
| Proposal 1: |     | Election of Directors          |     | Majority of votes cast     |     | No impact   |
| Proposal 2: |     | Ratification of EY as Auditors |     | Majority of votes cast     |     | No impact   |
| Proposal 3: |     | Say on Pay                     |     | Majority of votes cast     |     | No impact   |

| Q: | What is the effect of the advisory vote on Proposal 3? |

| A: | Proposal 3 is an advisory vote. This means that while we ask shareholders to approve the resolution regarding Say on Pay, these are not actions that require shareholder approval. If a majority of votes are cast “FOR” the Say on Pay proposal, we will consider the proposal to be approved. Abstentions are not counted as votes “FOR” or “AGAINST” this proposal. Although the vote on Proposal 3 isnon-binding,our Board and the Compensation Committee will review the results and take them into account in making determinations concerning executive compensation. |

| Q: | What if I sign and return my proxy without making any selections? |

| A: | If you sign and return your proxy without making any selections, your shares will be voted “FOR” Proposals 1, 2 and 3. If other matters properly come before the meeting, Jeffrey A. Stoops and Brendan T. Cavanagh will have the authority |

76 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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