Crown Castle (NYSE: CCI) exec nets shares after RSU vesting and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Crown Castle Inc. executive Christopher Levendos, EVP & COO – Fiber, reported multiple equity compensation transactions involving Time RSUs and common stock. On February 19, 2026, several tranches of Time RSUs converted into the same number of common shares at a reported price of $0.00 per share.
Following these RSU conversions, a total of 4,520 common shares at $87.43 per share were withheld by the company to cover tax obligations related to the vesting, as described in the footnotes. After these transactions, Levendos directly held 25,117 common shares and indirectly held 540 shares through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
15,702 shares exercised/converted
Mixed
8 txns
Insider
Levendos Christopher
Role
EVP & COO - Fiber
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Time RSUs | 3,912 | $0.00 | -- |
| Exercise | Time RSUs | 5,396 | $0.00 | -- |
| Exercise | Time RSUs | 6,394 | $0.00 | -- |
| Exercise | Common Stock, $0.01 Par Value | 3,912 | $0.00 | -- |
| Exercise | Common Stock, $0.01 Par Value | 5,396 | $0.00 | -- |
| Exercise | Common Stock, $0.01 Par Value | 6,394 | $0.00 | -- |
| Tax Withholding | Common Stock, $0.01 Par Value | 4,520 | $87.43 | $395K |
| holding | Common Stock $0.01 Par Value | -- | -- | -- |
Holdings After Transaction:
Time RSUs — 0 shares (Direct);
Common Stock, $0.01 Par Value — 17,847 shares (Direct);
Common Stock $0.01 Par Value — 540 shares (Indirect, By 401(K) Plan)
Footnotes (1)
- 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). Represents shares previously acquired in transactions exempt under Rule 16b-3(c). Each RSU was issued pursuant to the Crown Castle Inc. ("Company") 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. These Time RSUs were previously granted on February 22, 2023. 33 1/3% of the original grant amount of these Time RSUs vested on February 19 of each of 2024, 2025 and 2026. These Time RSUs were previously granted on February 21, 2024. 33 1/3% of the original grant amount of these Time RSUs vest on February 19 of each of 2025, 2026 and 2027. These Time RSUs were previously granted on February 26, 2025. 33 1/3% of the original grant amount of these Time RSUs vest on February 19 of each of 2026, 2027 and 2028.
FAQ
What did CCI executive Christopher Levendos report in this Form 4?
Christopher Levendos reported the vesting and conversion of multiple Time RSUs into Crown Castle common stock, along with shares withheld to cover tax obligations. These transactions reflect routine equity compensation activity rather than open-market purchases or sales.
How many Crown Castle (CCI) RSUs did Levendos have convert to common stock?
Levendos had several Time RSU tranches convert into Crown Castle common shares, including blocks of 3,912, 5,396, and 6,394 units. Each RSU represents a contingent right to receive one share of common stock under the company’s 2022 Long-Term Incentive Plan.
What is a Time RSU in the context of Crown Castle (CCI)?
A Time RSU is a restricted stock unit that converts into one share of Crown Castle common stock when vesting conditions are met. Vesting generally requires continued employment or service and follows scheduled vesting dates specified at grant, as described in the footnotes.
Which incentive plan governs these Crown Castle (CCI) RSU awards?
The RSUs were issued under the Crown Castle Inc. 2022 Long-Term Incentive Plan. Each RSU represents a contingent right to receive one share of common stock, subject to continued employment or service and the vesting schedules detailed in the accompanying footnotes.