Crown Castle (NYSE: CCI) CEO granted 47,706 time RSUs
Rhea-AI Filing Summary
CROWN CASTLE INC. reported that President and CEO Christian H. Hillabrant acquired 47,706 Time RSUs as an equity award under the company’s 2022 Long-Term Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of common stock. The Time RSUs vest in three equal installments, with 33 1/3% scheduled to vest on February 19 of each of 2027, 2028, and 2029, subject to his continued service and other plan criteria.
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Insights
CEO receives multi-year RSU grant aligning pay with share performance.
The President and CEO, Christian H. Hillabrant, was granted 47,706 Time RSUs at a stated price of $0.0000 per unit as a compensatory award. Each RSU entitles him to receive one share of common stock if vesting conditions are met.
The award vests in three equal tranches, with 33 1/3% vesting on February 19, 2027, February 19, 2028, and February 19, 2029. Vesting generally depends on his continued employment or board service and other criteria under the 2022 Long-Term Incentive Plan.
This kind of time-based RSU grant is a standard long-term incentive structure designed to spread compensation over several years. Actual share delivery and any realized value will depend on both vesting and the company’s future stock price at the time of settlement.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Time RSUs | 47,706 | $0.00 | -- |
Footnotes (1)
- Each Restricted Stock Unit ("RSU") is issued pursuant to the Crown Castle Inc. ("Company") 2022 Long-Term Incentive Plan, as amended, 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 footnote below. 33 1/3% of these Time RSUs vests on February 19 of each of 2027, 2028 and 2029.