Edward B. Adams JR - Feb 21, 2023 Form 4 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
4
Date filed
2/23/2023, 04:51 PM
Next filing
Sep 11, 2023

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 Time RSUs Award $0 +7.32K $0.00 7.32K Feb 21, 2023 Common Stock 7.32K Direct F1, F2
transaction CCI Time RSUs Award $0 +7.3K $0.00 7.3K Feb 22, 2023 Common Stock 7.3K Direct F1, F3
transaction CCI Performance RSUs Award $0 +6.92K $0.00 6.92K Feb 22, 2023 Common Stock 6.92K Direct F1, F4
transaction CCI Performance RSUs Award $0 +8.09K $0.00 8.09K Feb 22, 2023 Common Stock 8.09K Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each RSU is issued pursuant to the Company's 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 footnote below.
F2 These Time RSUs were granted in connection with the Reporting Person's appointment to Executive Vice President and General Counsel. 33 1/3% of these Time RSUs vests on February 10 of each of 2024, 2025 and 2026.
F3 33 1/3% of the Time RSUs vest on February 19 of each of 2024, 2025 and 2026.
F4 0% to 150% of these Relative TSR Performance RSUs may vest on February 19, 2026 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, 2025. 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.
F5 0% to 150% of these Absolute TSR Performance RSUs may vest on February 19, 2026 based on the Company's annualized TSR for the three-year period ending December 31, 2025. 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.