Company: SBAC
Filing Date: 2025-04-07
Form Type: DEF 14A
Source: 0001193125-25-074669
Chunk: 74

Company: SBA COMMUNICATIONS CORP
Filing Date: 2025-04-07
Form: DEF 14A
Chunk 74
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 2017, we amended our 2010 Performance and Equity Incentive Plan to require that all future grants of options and restricted stock units to officers be subject to “double-trigger” acceleration, and our 2020 Performance and Equity Incentive Plan requires the same. This means their vesting will only be accelerated after a Change in Control if the employment of such officers is terminated without cause or the officer resigns for good reason (1) within six months before such Change in Control, if the termination or resignation was in contemplation of the Change in Control, or (2) within twelve months after such Change in Control. In addition, pursuant to our equity plan retirement policy, award agreements governing certain awards granted in 2018 or prior and all awards granted after January 1, 2019 provide for (i) continued vesting for all SBA Communications Corporation | 2025 Proxy Statement 61

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

awards granted more than twelve months prior to a Qualified Retirement and (ii) pro-rataretention and continued vesting, based on the portion of the year between award grant and retirement, for all awards granted between three months and twelve months prior to a Qualified Retirement (with the remainder being forfeited). A Qualified Retirement is defined as an employee who, at the time of retirement, (i) is at least 55 years old, (ii) has worked for us for at least five years, (iii) the sum of his or her age and length of service is at least 70, and (iv) to the extent that the employee is an executive officer, provides us with at least six months’ notice prior to such retirement. To receive qualified retirement treatment for awards following retirement, the employee must also comply with certain confidentiality, non-competitionand other restrictive covenant agreements. Mr. Silberstein retired from his position as the Company’s Executive Vice President, Site Leasing, effective August 1, 2024. Mr. Silberstein’s retirement was a Qualified Retirement