Jay A. Brown - 22 Feb 2023 Form 4 Insider Report for CROWN CASTLE INC. (CCI)

Reporting relationship: President and CEO, Director
Issuer ticker: CCI
Reported as of: 22 Feb 2023
Net transaction value: $0
SEC form: 4
Accepted by SEC: 24 Feb 2023, 16:49:00 UTC
Prior SEC filing: 22 Feb 2023
Next SEC filing: 26 Jan 2024
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 24 Feb 2023.

Key facts

This page summarizes Jay A. Brown's Form 4 filing for CROWN CASTLE INC. (CCI).
3 reported transactions and 3 derivative rows are listed below.
Accepted by SEC: 24 Feb 2023, 16:49.

Change

Previous filing in this sequence was filed on 22 Feb 2023.
Current net transaction value: $0.

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 derivative securities

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

CCI transaction Derivative

Time RSUs

Award

Transaction value: $0
Shares: +33,899
Change %
Price: $0.000000
Shares after: 33,899
Date: 22 Feb 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 33,899
Exercise price
Footnotes: F1, F2

CCI transaction Derivative

Performance RSUs

Award

Transaction value: $0
Shares: +32,125
Change %
Price: $0.000000
Shares after: 32,125
Date: 22 Feb 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 32,125
Exercise price
Footnotes: F1, F3

CCI transaction Derivative

Performance RSUs

Award

Transaction value: $0
Shares: +37,554
Change %
Price: $0.000000
Shares after: 37,554
Date: 22 Feb 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 37,554
Exercise price
Footnotes: F1, F4

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

Each Restricted Stock Unit ("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 footnotes below.

Footnote F2

33 1/3% of the Time RSUs vest on February 19 of each of 2024, 2025 and 2026.

Footnote F3

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.

Footnote F4

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.