CROWN CASTLE INC. — Director's Dealing 2023

Feb 22, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CROWN CASTLE INC. (CCI)
CIK: 0001051470
Period of Report: 2023-02-19

Reporting Person: Collins Robert Sean (Vice President and Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-02-19	Common Stock, $0.01 Par Value	M	980	—	Acquired	11062	Direct
2023-02-19	Common Stock, $0.01 Par Value	M	408	—	Acquired	11470	Direct
2023-02-19	Common Stock, $0.01 Par Value	M	360	—	Acquired	11830	Direct
2023-02-19	Common Stock, $0.01 Par Value	M	355	—	Acquired	12185	Direct
2023-02-19	Common Stock, $0.01 Par Value	F	650	$140.68	Disposed	11535	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-02-19	Performance RSUs	$	M	980	Disposed		Common Stock (980.0)	Direct
2023-02-19	Time RSUs	$	M	408	Disposed		Common Stock (408.0)	Direct
2023-02-19	Time RSUs	$	M	360	Disposed		Common Stock (360.0)	Direct
2023-02-19	Time RSUs	$	M	355	Disposed		Common Stock (355.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.01 Par Value	370	Indirect

Footnotes

F1: Represents shares withheld by the issuer to satisfy the Reporting Person's tax withholding obligation in connection with the vesting of certain Restricted Stock Units ("RSUs") previously granted to the Reporting Person. Such withholding is exempt from Section 16(b) pursuant to Rule 16b-3(e).

F2: Represents shares previously acquired in transactions exempt under Rule 16b-3(c).

F3: Each RSU was issued pursuant to the Company's 2013 Long-Term Incentive Plan and represents a contingent right to receive one share of common stock, and vesting (i.e., forfeiture restriction termination) generally is subject to (i) the reporting person remaining an employee or director of the Company or its affiliates and (ii) the other criteria described in the footnotes herein.

F4: 980 Relative TSR Performance RSUs vested on February 19, 2023, based upon the Company's annualized total stockholder return performance ranking relative to the constituent companies of the Standard & Poor's 500 Index for the three-year period ended December 31, 2022.

F5: These Time RSUs were previously granted on February 20, 2020. 33 1/3% of the original grant amount of these Time RSUs vest on February 19 of each of 2021, 2022 and 2023.

F6: These Time RSUs were previously granted on February 18, 2021. 33 1/3% of the original grant amount of these Time RSUs vest on February 19 of each of 2022, 2023 and 2024.

F7: These Time RSUs were previously granted on February 17, 2022. 33 1/3% of the original grant amount of these Time RSUs vest on February 19 of each of 2023, 2024 and 2025.