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CROWN CASTLE INC. — Director's Dealing 2024
Feb 21, 2024
30060_dirs_2024-02-21_07a89f57-c045-494d-a8c2-f80b97734b28.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: CROWN CASTLE INC. (CCI)
CIK: 0001051470
Period of Report: 2024-02-19
Reporting Person: Kavanagh Michael Joseph (EVP & COO-Towers)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-02-19 | Common Stock $0.01 Par Value | M | 1981 | — | Acquired | 82176 | Direct |
| 2024-02-19 | Common Stock $0.01 Par Value | M | 2428 | — | Acquired | 84604 | Direct |
| 2024-02-19 | Common Stock $0.01 Par Value | M | 3303 | — | Acquired | 87907 | Direct |
| 2024-02-19 | Common Stock $0.01 Par Value | F | 1924 | $108.22 | Disposed | 85983 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-02-19 | Time RSUs | $ | M | 1981 | Disposed | Common Stock (1981) | Direct | |
| 2024-02-19 | Time RSUs | $ | M | 2428 | Disposed | Common Stock (2428) | Direct | |
| 2024-02-19 | Time RSUs | $ | M | 3303 | Disposed | Common Stock (3303) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock $0.01 Par Value | 1441 | 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 Crown Castle Inc. ("Company") 2013 Long-Term Incentive Plan or 2022 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 below.
F4: These Time RSUs were previously granted on February 18, 2021. 33 1/3% of the original grant amount of these Time RSUs vested on February 19 of each of 2022, 2023 and 2024.
F5: 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.
F6: These Time RSUs were previously granted on February 22, 2023. 33 1/3% of the original grant amount of these Time RSUs vest on February 19 of each of 2024, 2025 and 2026.