Company: SBAC
Filing Date: 2025-04-07
Form Type: DEF 14A
Source: 0001193125-25-074669
Chunk: 56

Company: SBA COMMUNICATIONS CORP
Filing Date: 2025-04-07
Form: DEF 14A
Chunk 56
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 | Corporate Governance |     | Executive Officers |     | Executive Compensation |     | Security Ownership |     | Proposal 2 |     | Proposal 3 |     | Other Compensation Disclosures |     | Q&A About Voting |     | Other   
 Matters |
|               |     |            |     |                      |     |                    |     | ●                      |     |                    |     |            |     |            |     |                                |     |                  |     |         |

The Compensation Committee then reviewed the extent to which each NEO met his qualitative metrics and contributed to SBA meeting those financial and operational metrics assigned to the executive. For Mr. Cavanagh, the Compensation Committee was focused on, among other things, evaluating the extent to which he (i) established and clearly communicated, internally and externally, his strategy and mission for SBA; (ii) successfully defined and set the tone for company culture and enhanced the SBA brand; (iii) contributed to the success of direct reports in achieving their goals; and (iv) continued to drive the long-term growth of the business - both through financial results, portfolio and asset management and the optimization of human resources. With respect to each other NEO, the Compensation Committee was focused on, among other things, evaluating the extent to which such NEO contributed to (i) the financial and operational results of the business units for which he had responsibility, (ii) continued development of initiatives to support long-term growth, including enhanced customer and vendor/bank relationships, (iii) identification of, and development of strategies to address, challenges and risks to the business unit for which he had responsibility, and (iv) development of strong corporate infrastructure to support the business, including hiring, training and expanding management teams and implementing additional succession plans, especially in light of recent promotions and retirements. Based on these evaluations, the Compensation Committee then approved the 2024 bonuses for each of the NEOs. The table below sets forth, in dollars and percentages, the annual bonus target of each of our NEOs in 2024 and the annual incentive bonus earned by each NEO for his 2024 performance as a percentage of annual bonus target.

|                      |     | Annual Bonus Target |      |     |   |           |     | Incentive Bonus Earned |       |     |   |           |
|:---------------------|:----|:--------------------|:-----|:----|:--|----------:|:----|:-----------------------|:------|:----|:--|----------:|