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Crown Castle CEO exercises 31,806 RSUs

Crown Castle’s CEO converted vested Time RSUs into common stock, with a portion of the new shares withheld to cover tax obligations.

(Neutral)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

CROWN CASTLE INC. (CCI) reported that President and CEO Christian H. Hillabrant exercised vested equity awards on September 15, 2026. Time-based RSUs covering 24,466 and 7,340 units were converted into the same number of common shares. Of the resulting shares, 12,160 were withheld by the issuer at $74.17 per share to satisfy the reporting person's tax withholding obligations. No Rule 10b5-1 trading plan is reported.

Positive

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Negative

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Insider Hillabrant Christian H
Role President and CEO
Type Security Shares Price Value
Exercise Time RSUs F2, F3 24,466 $0.00 $0.00
Exercise Time RSUs F2, F4 7,340 $0.00 $0.00
Exercise Common Stock, $0.01 Par Value 24,466 $0.00 $0.00
Exercise Common Stock, $0.01 Par Value 7,340 $0.00 $0.00
Tax Withholding Common Stock, $0.01 Par Value F1 12,160 $74.17 $902K
Holdings After Transaction: Time RSUs — 63,612 contracts (Direct); Common Stock, $0.01 Par Value — 19,646 shares (Direct)
Footnotes (4)
  1. F1. Represents shares withheld by the issuer to satisfy the reporting person's tax withholding.
  2. F2. 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.
  3. F3. Represents a one-time award of make-whole Time RSUs previously granted on September 15, 2025, in connection with the reporting person's appointment as President and Chief Executive Officer. 33 1/3% of these Time RSUs vest on September 15 of each of 2026, 2027 and 2028.
  4. F4. 33 1/3% of these Time RSUs vest on September 15 of each of 2026, 2027 and 2028.
Time RSUs converted (first tranche) 24,466 units Time RSUs converted into common stock on September 15, 2026
Time RSUs converted (second tranche) 7,340 units Additional Time RSUs converted into common stock on September 15, 2026
Total RSU exercises reported 31,806 units Aggregate derivative exercises (Time RSUs) per transaction summary
Shares withheld for taxes 12,160 shares Common shares withheld to satisfy tax withholding obligations
Tax withholding value per share $74.17 per share Value used for the 12,160 shares withheld for tax withholding
RSU vesting schedule 33 1/3% per year Time RSUs vest on September 15 of 2026, 2027, and 2028
Restricted Stock Unit financial
"Each Restricted Stock Unit ("RSU") is issued pursuant to the Crown Castle Inc."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Time RSUs financial
"Represents a one-time award of make-whole Time RSUs previously granted"
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.
tax withholding financial
"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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What equity transactions did CCI’s CEO report on September 15, 2026?

Christian H. Hillabrant converted vested Time RSUs into 24,466 and 7,340 shares of Crown Castle common stock, and 12,160 of those shares were withheld by the issuer to satisfy his tax withholding obligations at a value of $74.17 per share.

Did CCI receive cash proceeds from the CEO’s September 15, 2026 Form 4 transactions?

The Form 4 shows RSUs converting into shares and 12,160 shares withheld by Crown Castle to satisfy the CEO’s tax withholding at $74.17 per share. It does not describe an open-market sale generating proceeds to the CEO.

Were the Crown Castle (CCI) CEO’s transactions under a Rule 10b5-1 plan?

No. The Form 4 indicates that no Rule 10b5-1 trading plan is affirmed for the transactions reported for Crown Castle’s President and CEO on September 15, 2026.

What are Time RSUs reported in CCI’s CEO Form 4?

The Time RSUs are Restricted Stock Units issued under the Crown Castle Inc. 2022 Long-Term Incentive Plan. Each RSU represents a contingent right to receive one share of Crown Castle common stock, vesting in time-based installments as described in the footnotes.

How do the make-whole Time RSUs for CCI’s CEO vest?

Footnotes state that the one-time make-whole Time RSUs granted in connection with the CEO’s appointment vest 33 1/3% on September 15 of each of 2026, 2027, and 2028, with each vested portion convertible into an equal number of common shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Hillabrant Christian H

(Last)(First)(Middle)
8020 KATY FREEWAY

(Street)
HOUSTON TEXAS 77024

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
CROWN CASTLE INC. [ CCI ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
President and CEO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
09/15/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock, $0.01 Par Value09/15/2026M24,466A$024,466D
Common Stock, $0.01 Par Value09/15/2026M7,340A$031,806D
Common Stock, $0.01 Par Value09/15/2026F12,160(1)D$74.1719,646D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Time RSUs(2)09/15/2026M24,466 (3) (3)Common Stock24,466$048,932D
Time RSUs(2)09/15/2026M7,340 (4) (4)Common Stock7,340$014,680D
Explanation of Responses:
1. Represents shares withheld by the issuer to satisfy the reporting person's tax withholding.
2. 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.
3. Represents a one-time award of make-whole Time RSUs previously granted on September 15, 2025, in connection with the reporting person's appointment as President and Chief Executive Officer. 33 1/3% of these Time RSUs vest on September 15 of each of 2026, 2027 and 2028.
4. 33 1/3% of these Time RSUs vest on September 15 of each of 2026, 2027 and 2028.
Remarks:
/s/ Inge A. Pasman, Attorney-in-Fact09/17/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

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