Crown Castle (CCI) CFO exercises 9,649 RSUs, 3,797 shares withheld for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CROWN CASTLE INC. EVP & Chief Financial Officer Sunit S. Patel exercised 9,649 Time RSUs into an equal number of common shares on April 10, 2026 under the company’s long-term incentive plan.
To cover tax withholding, the issuer retained 3,797 common shares at $86.57 per share rather than paying cash. After these compensation-related transactions, Patel directly holds 13,050 shares of common stock and 19,303 Time RSUs scheduled to vest in equal installments in 2026, 2027 and 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
9,649 shares exercised/converted
Mixed
3 txns
Insider
PATEL SUNIT S
Role
EVP & Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Time RSUs | 9,649 | $0.00 | -- |
| Exercise | Common Stock, $0.01 Par Value | 9,649 | $0.00 | -- |
| Tax Withholding | Common Stock, $0.01 Par Value | 3,797 | $86.57 | $329K |
Holdings After Transaction:
Time RSUs — 19,303 shares (Direct);
Common Stock, $0.01 Par Value — 16,847 shares (Direct)
Footnotes (1)
- Represents shares withheld by the issuer to satisfy the reporting person's tax withholding. Each Restricted Stock Unit ("RSU") is issued pursuant to the Crown Castle Inc. 2022 Long-Term Incentive Plan, as amended, and represents a contingent right to receive one share of common stock. 33 1/3% of the original grant amount of these Time RSUs are scheduled to vest on April 10 of each of 2026, 2027 and 2028.
Key Figures
RSUs exercised: 9,649 RSUs
Shares withheld for taxes: 3,797 shares
Tax withholding price: $86.57 per share
+2 more
5 metrics
RSUs exercised
9,649 RSUs
Time RSUs converted to common stock on April 10, 2026
Shares withheld for taxes
3,797 shares
Common stock withheld at $86.57 per share for tax withholding
Tax withholding price
$86.57 per share
Value used for share-based tax withholding on common stock
Common shares owned after transactions
13,050 shares
Direct Crown Castle common stock holdings after April 10, 2026
Time RSUs outstanding
19,303 RSUs
Time RSUs remaining after transactions, scheduled to vest 2026–2028
Key Terms
Time RSUs, Restricted Stock Unit ("RSU"), tax withholding, Long-Term Incentive Plan
4 terms
Time RSUs financial
"Represents shares from these Time RSUs that converted into common stock"
Restricted Stock Unit ("RSU") financial
"Each Restricted Stock Unit ("RSU") is issued pursuant to the Crown Castle Inc. 2022 Long-Term Incentive Plan"
tax withholding financial
"Represents shares withheld by the issuer to satisfy the reporting person's tax withholding"
Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.
Long-Term Incentive Plan financial
"issued pursuant to the Crown Castle Inc. 2022 Long-Term Incentive Plan, as amended"
A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.
FAQ
What did CCI EVP & CFO Sunit Patel report in this Form 4?
Patel reported exercising 9,649 Time RSUs into common stock and a related tax-withholding share disposition. These are compensation-driven transactions under Crown Castle’s long-term incentive plan, not open-market stock purchases or sales.
How many Crown Castle (CCI) RSUs did Sunit Patel have vest?
Patel had 9,649 Time RSUs convert into the same number of Crown Castle common shares. These RSUs were granted under the 2022 Long-Term Incentive Plan and vest in three equal annual installments starting April 10, 2026.
How were taxes handled on Sunit Patel’s RSU vesting at Crown Castle (CCI)?
The issuer withheld 3,797 common shares at $86.57 per share to satisfy Patel’s tax withholding obligations. This F-code disposition is a non-market event and does not represent an open-market sale of shares by Patel.
Are Sunit Patel’s reported Crown Castle (CCI) transactions open-market trades?
No, the filing shows a derivative exercise of Time RSUs and tax-withholding share retention by the issuer. There are no open-market purchase (P code) or sale (S code) transactions reported in this Form 4.