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

Reporting relationship: President and CEO, Director
Issuer ticker: CCI
Reported as of: 19 Feb 2023
Net transaction value: -$1,950,950
SEC form: 4
Accepted by SEC: 22 Feb 2023, 16:42:45 UTC
Prior SEC filing: 08 Mar 2022
Next SEC filing: 24 Feb 2023
Source filing: View source filing
Reporting owner signature: /s/ Jay A. Brown

Key filing fact

Jay A. Brown filed Form 4 for CROWN CASTLE INC. (CCI) on 22 Feb 2023.

Key facts

This page summarizes Jay A. Brown's Form 4 filing for CROWN CASTLE INC. (CCI).
9 reported transactions and 4 derivative rows are listed below.
Accepted by SEC: 22 Feb 2023, 16:42.

Change

Previous filing in this sequence was filed on 08 Mar 2022.
Current net transaction value: -$1,950,950.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

CCI transaction

Common Stock, $0.01 Par Value

Options Exercise

Transaction value: $0
Shares: +15,992
Change %: +4.5%
Price: $0.000000
Shares after: 372,734
Date: 19 Feb 2023
Ownership: Direct

CCI transaction

Common Stock, $0.01 Par Value

Options Exercise

Transaction value: $0
Shares: +6,637
Change %: +1.8%
Price: $0.000000
Shares after: 379,371
Date: 19 Feb 2023
Ownership: Direct

CCI transaction

Common Stock, $0.01 Par Value

Options Exercise

Transaction value: $0
Shares: +7,075
Change %: +1.9%
Price: $0.000000
Shares after: 386,446
Date: 19 Feb 2023
Ownership: Direct

CCI transaction

Common Stock, $0.01 Par Value

Options Exercise

Transaction value: $0
Shares: +8,212
Change %: +2.1%
Price: $0.000000
Shares after: 394,658
Date: 19 Feb 2023
Ownership: Direct

CCI transaction

Common Stock, $0.01 Par Value

Tax liability

Transaction value: $1,950,950
Shares: -13,868
Change %: -3.5%
Price: $140.68
Shares after: 380,790
Date: 19 Feb 2023
Ownership: Direct
Footnotes: F1

CCI holding

Common Stock, $0.01 Par Value

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 11,488
Date: 19 Feb 2023
Ownership: by 401(K) Plan
Footnotes: F2

CCI holding

Common Stock, $0.01 Par Value

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 2,000
Date: 19 Feb 2023
Ownership: by Spouse
Footnotes: F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

CCI transaction Derivative

Performance RSUs

Options Exercise

Transaction value: $0
Shares: -15,992
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 19 Feb 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 15,992
Exercise price
Footnotes: F4, F5

CCI transaction Derivative

Time RSUs

Options Exercise

Transaction value: $0
Shares: -6,637
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 19 Feb 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 6,637
Exercise price
Footnotes: F4, F6

CCI transaction Derivative

Time RSUs

Options Exercise

Transaction value: $0
Shares: -7,075
Change %: -50%
Price: $0.000000
Shares after: 7,075
Date: 19 Feb 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 7,075
Exercise price
Footnotes: F4, F7

CCI transaction Derivative

Time RSUs

Options Exercise

Transaction value: $0
Shares: -8,212
Change %: -33%
Price: $0.000000
Shares after: 16,425
Date: 19 Feb 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 8,212
Exercise price
Footnotes: F4, F8

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 8 footnotes

Footnote 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).

Footnote F2

Represents shares previously acquired in transactions exempt under Rule 16b-3(c).

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.