Michael Joseph Kavanagh - 19 Feb 2024 Form 4 Insider Report for CROWN CASTLE INC. (CCI)

Role: EVP & COO-Towers
Signature: /s/ Michael Joseph Kavanagh
Issuer symbol: CCI
Transactions as of: 19 Feb 2024
Net transactions value: -$208,215
Form type: 4
Filing time: 21 Feb 2024, 16:35:36 UTC
Previous filing: 24 Feb 2023
Next filing: 23 Feb 2024
SEC: View on sec.gov

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	+1,981	+2.5%	$0.000000	82,176	19 Feb 2024	Direct
transaction	CCI	Common Stock $0.01 Par Value	Options Exercise	$0	+2,428	+3%	$0.000000	84,604	19 Feb 2024	Direct
transaction	CCI	Common Stock $0.01 Par Value	Options Exercise	$0	+3,303	+3.9%	$0.000000	87,907	19 Feb 2024	Direct
transaction	CCI	Common Stock $0.01 Par Value	Tax liability	$208,215	-1,924	-2.2%	$108.22	85,983	19 Feb 2024	Direct	F1
holding	CCI	Common Stock $0.01 Par Value						1,441	19 Feb 2024	By 401(K)	F2

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	Options Exercise	$0	-1,981	-100%	$0.000000^*	0	19 Feb 2024	Common Stock	1,981		Direct	F3, F4
transaction	CCI	Time RSUs	Options Exercise	$0	-2,428	-50%	$0.000000	2,428	19 Feb 2024	Common Stock	2,428		Direct	F3, F5
transaction	CCI	Time RSUs	Options Exercise	$0	-3,303	-33%	$0.000000	6,606	19 Feb 2024	Common Stock	3,303		Direct	F3, F6

* 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	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.