Company: SBAC
Filing Date: 2025-04-07
Form Type: DEF 14A
Source: 0001193125-25-074669
Chunk: 5

Company: SBA COMMUNICATIONS CORP
Filing Date: 2025-04-07
Form: DEF 14A
Chunk 5
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 and disclosures, based on those discussions.   Evaluate — Our Lead Independent Director and/or our Chair of the NCG Committee participated in substantially all of these meetings. We use this feedback to assist SBA and the Board with matters requiring a broader shareholder perspective. We also listen to the feedback our shareholders provide through the annual say-on-pay advisory votes on our executive compensation. |

SBA Communications Corporation | 2025 Proxy Statement 7

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

| PROPOSAL 1: ELECTION OF DIRECTORS                                                                                                                                                                                                                                                                                                                                                                |     |   |
| Our Board, upon recommendation of our NCG Committee, has nominated Kevin L. Beebe, Jack Langer, and Jeffrey A. Stoops to be elected to serve as Class II directors of the Board for a three-year term expiring at the 2028 Annual Meeting of Shareholders or until his successor is duly elected and qualified. Each of Mr. Beebe, Mr. Langer, and Mr. Stoops has consented to serve if elected. |     |   |
| THE BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS A VOTE “FOR” THE ELECTION OF EACH OF THE BELOW DIRECTOR NOMINEES.                                                                                                                                                                                                                                                                                  |     | ✓ |

Balanced Board with Unique Perspectives Our Bylaws permit the Board to set the size of the Board. Our Board has set the size of the Board at ten. For the size and scope of our business and operations, we believe a board of approximately this size is appropriate as it is small enough to allow for effective communication among the members, but large enough so that we get a diverse set of perspectives and experiences in our board room. Our Board is currently divided into three classes. We believe that the classified Board is the most effective way for the Board to be organized because it ensures a greater level of certainty of continuity from year-to-yearwhich provides stability in organization and experience. This continuity and stability is particularly important given the long-term nature of the agreements under which we produce revenue. As a