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

Company: SBA COMMUNICATIONS CORP
Filing Date: 2025-04-07
Form: DEF 14A
Chunk 25
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 in advanced, targeted cybersecurity training and exercises to ensure additional security. Compensation Risks In early 2025, as part of our risk management process, we conducted an annual comprehensive review and evaluation of our compensation programs and policies. The assessment covered each material component of executive and non-executiveemployee compensation. Based on a review and analysis of our incentive plans, policies and programs, we believe these programs are not reasonably likely to give rise to risks that would have a material adverse effect on our business. In evaluating our compensation components, we took into consideration the following risk-limiting characteristics:

| > | A significant percentage of our overall pay mix is equity-based, which, when combined with the vesting terms and our Stock Ownership Guidelines, aligns our executive officers’ interests with shareholders’ interests and minimizes the taking of inappropriate or excessive risk that would impair the creation of long-term shareholder value; |

| > | Our Board approves the parameters of acquisition and land purchase transactions that contribute towards target performance, and we have established due diligence processes for such transactions; |

| > | We have established processes in place for the approval of new build projects using established financial parameters and to confirm the completion of new tower construction; |

| > | We have effective management processes for establishing key financial and operating targets, and monitoring financial and operating metrics; |

| > | Bonus payout under most of our incentive plans are capped, whether or not SBA exceeds the stretch threshold level of the relevant incentive plan performance metrics; |

| > | We have effective segregation of duties throughout SBA; and |

| > | We have effective monitoring by external and internal audit. |

SBA Communications Corporation | 2025 Proxy Statement 25

| Proxy Summary |     | Proposal 1 |     | Corporate Governance |     | Executive Officers |     | Executive Compensation |     | Security Ownership |     | Proposal 2 |     | Proposal 3 |     | Other Compensation Disclosures |     | Q&A About Voting |     | OtherMatters |
|               |     |            |     | ●                    |     |                    |     |                        |     |                    |     |            |     |            |     |                                |     |                  |     |              |

Executive Compensation “No Fault” Recoupment or “Clawback” Policies Our Board has maintained an Executive Compensation Recoupment Policy, or the Recoupment Policy, for over ten years, which covers all our executive officers, or the Covered Officers, and applies to incentive compensation paid or awarded from the 2014