Crown Castle (NYSE: CCI) EVP converts RSUs and uses shares to cover taxes
Rhea-AI Filing Summary
Crown Castle Inc. executive Edward B. Adams Jr., EVP and General Counsel, reported equity award activity on common stock and restricted stock units.
On February 19, 2026, he exercised or converted several tranches of Time RSUs, receiving matching amounts of common stock at a stated price of 0.0000 per share. Related common stock transactions included 2,434, 3,598, and 4,262 shares acquired through these RSU conversions, increasing his direct holdings to 29,833 common shares.
The filing also reports a tax-withholding disposition of 2,757 common shares at 87.4300 per share, representing shares withheld by the issuer to satisfy tax obligations tied to the RSU vesting, as described in the footnotes. In addition, he holds 1,062 common shares indirectly through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Time RSUs | 2,434 | $0.00 | -- |
| Exercise | Time RSUs | 3,598 | $0.00 | -- |
| Exercise | Time RSUs | 4,262 | $0.00 | -- |
| Exercise | Common Stock, $0.01 Par Value | 2,434 | $0.00 | -- |
| Exercise | Common Stock, $0.01 Par Value | 3,598 | $0.00 | -- |
| Exercise | Common Stock, $0.01 Par Value | 4,262 | $0.00 | -- |
| Tax Withholding | Common Stock, $0.01 Par Value | 2,757 | $87.43 | $241K |
| holding | Common Stock, $0.01 Par Value | -- | -- | -- |
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.