Jay A. Brown - Feb 19, 2023 Form 4 Insider Report for CROWN CASTLE INC. (CCI)

Role: President and CEO, Director
Signature: /s/ Jay A. Brown
Stock symbol: CCI
Transactions as of: Feb 19, 2023
Transactions value $: -$1,950,950
Form type: 4
Date filed: 2/22/2023, 04:42 PM
Previous filing: Mar 8, 2022
Next filing: Feb 24, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CCI	Common Stock, $0.01 Par Value	Options Exercise	$0	+16K	+4.48%	$0.00	373K	Feb 19, 2023	Direct
transaction	CCI	Common Stock, $0.01 Par Value	Options Exercise	$0	+6.64K	+1.78%	$0.00	379K	Feb 19, 2023	Direct
transaction	CCI	Common Stock, $0.01 Par Value	Options Exercise	$0	+7.08K	+1.86%	$0.00	386K	Feb 19, 2023	Direct
transaction	CCI	Common Stock, $0.01 Par Value	Options Exercise	$0	+8.21K	+2.13%	$0.00	395K	Feb 19, 2023	Direct
transaction	CCI	Common Stock, $0.01 Par Value	Tax liability	-$1.95M	-13.9K	-3.51%	$140.68	381K	Feb 19, 2023	Direct	F1
holding	CCI	Common Stock, $0.01 Par Value						11.5K	Feb 19, 2023	by 401(K) Plan	F2
holding	CCI	Common Stock, $0.01 Par Value						2K	Feb 19, 2023	by Spouse	F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	CCI	Performance RSUs	Options Exercise	$0	-16K	-100%	$0.00^*	0	Feb 19, 2023	Common Stock	16K		Direct	F4, F5
transaction	CCI	Time RSUs	Options Exercise	$0	-6.64K	-100%	$0.00^*	0	Feb 19, 2023	Common Stock	6.64K		Direct	F4, F6
transaction	CCI	Time RSUs	Options Exercise	$0	-7.08K	-50%	$0.00	7.08K	Feb 19, 2023	Common Stock	7.08K		Direct	F4, F7
transaction	CCI	Time RSUs	Options Exercise	$0	-8.21K	-33.33%	$0.00	16.4K	Feb 19, 2023	Common Stock	8.21K		Direct	F4, F8

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
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	The reporting person disclaims beneficial ownership of these shares, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
F4	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.
F5	15,992 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.
F6	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.
F7	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.
F8	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.