Edward B. Adams JR - Feb 21, 2023 Form 3 Insider Report for CROWN CASTLE INC. (CCI)

Role: EVP and General Counsel
Signature: /s/ Edward B. Adams, Jr.
Stock symbol: CCI
Transactions as of: Feb 21, 2023
Transactions value $: $0
Form type: 3
Date filed: 2/23/2023, 04:41 PM
Next filing: Sep 11, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	CCI	Common Stock, $0.01 Par Value						17.3K	Feb 21, 2023	Direct
holding	CCI	Common Stock, $0.01 Par Value						531	Feb 21, 2023	By 401(K) Plan	F1

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
holding	CCI	Time RSUs							Feb 21, 2023	Common Stock	422		Direct	F2, F3
holding	CCI	Time RSUs							Feb 21, 2023	Common Stock	345		Direct	F3, F4
holding	CCI	Performance RSUs							Feb 21, 2023	Common Stock	1.28K		Direct	F3, F5
holding	CCI	Performance RSUs							Feb 21, 2023	Common Stock	1.96K		Direct	F3, F6
holding	CCI	Time RSUs							Feb 21, 2023	Common Stock	981		Direct	F3, F7
holding	CCI	Performance RSUs							Feb 21, 2023	Common Stock	1.17K		Direct	F3, F8
holding	CCI	Performance RSUs							Feb 21, 2023	Common Stock	1.7K		Direct	F3, F9

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

Explanation of Responses:

Id	Content
F1	Represents shares previously acquired in transactions exempt under Rule 16b-3(c).
F2	100% of these Time RSUs may vest on February 19, 2024
F3	Each RSU is 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	Approximately 50% of these Time RSUs may vest on September 10 of each of 2023 and 2024.
F5	0% to 150% of these Relative TSR Performance RSUs may vest on February 19, 2024 based on the Company's annualized total stockholder return ("TSR") performance ranking ("TSR Rank") relative to the constituent companies of the Standard & Poor's 500 Index for the three-year period ending December 31, 2023. The percentage of Relative TSR Performance RSUs that may vest will be (a) 0% if the TSR Rank is below the 30th percentile; (b) 50% if the TSR Rank is at the 30th percentile; (c) 100% if the TSR Rank is at the 55th percentile; and (d) 150% if the TSR Rank is at the 90th percentile or greater. If the TSR Rank is between the 30th and 55th percentiles or between the 55th and 90th percentiles, the percentage of Relative TSR Performance RSUs that may vest is determined using linear interpolation.
F6	0% to 150% of these Absolute TSR Performance RSUs may vest on February 19, 2024 based on the Company's annualized TSR for the three-year period ending December 31, 2023. The percentage of Absolute TSR Performance RSUs that may vest will be (a) 0% if TSR is below 6.5%; (b) 50% if TSR is 6.5%; (c) 100% if TSR is 11.5%; and (d) 150% if TSR is 16.5% or greater. If TSR is between 6.5% and 11.5% or between 11.5% and 16.5%, the percentage of Absolute TSR Performance RSUs that may vest is determined using linear interpolation.
F7	Approximately 50% of these Time RSUs may vest on February 19 of each of 2024 and 2025.
F8	0% to 150% of these Relative TSR Performance RSUs may vest on February 19, 2025 based on the Company's TSR Rank relative to the constituent companies of the Standard & Poor's 500 Index for the three-year period ending December 31, 2024. The percentage of Relative TSR Performance RSUs that may vest will be (a) 0% if the TSR Rank is below the 30th percentile; (b) 50% if the TSR Rank is at the 30th percentile; (c) 100% if the TSR Rank is at the 55th percentile; and (d) 150% if the TSR Rank is at the 90th percentile or greater. If the TSR Rank is between the 30th and 55th percentiles or between the 55th and 90th percentiles, the percentage of Relative TSR Performance RSUs that may vest is determined using linear interpolation.
F9	0% to 150% of these Absolute TSR Performance RSUs may vest on February 19, 2025 based on the Company's annualized TSR for the three-year period ending December 31, 2024. The percentage of Absolute TSR Performance RSUs that may vest will be (a) 0% if TSR is below 6.5%; (b) 50% if TSR is 6.5%; (c) 100% if TSR is 11.5%; and (d) 150% if TSR is 16.5% or greater. If TSR is between 6.5% and 11.5% or between 11.5% and 16.5%, the percentage of Absolute TSR Performance RSUs that may vest is determined using linear interpolation.