Crown Castle (CCI) CFO reports RSU vesting and tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CROWN CASTLE INC. Executive Vice President and Chief Financial Officer Sunit S. Patel reported equity compensation activity involving restricted stock units and common shares. On February 19, 2026, he acquired 5,726 common shares through the exercise or conversion of Time RSUs granted under the 2022 Long-Term Incentive Plan. The filing also reports a disposition of 1,447 common shares at $87.43 per share, withheld by the company to satisfy tax withholding obligations upon RSU vesting. The Time RSUs were originally granted on February 26, 2025, and one-third of the grant vests on February 19 of each of 2026, 2027, and 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,726 shares exercised/converted
Mixed
3 txns
Insider
PATEL SUNIT S
Role
EVP & Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Time RSUs | 5,726 | $0.00 | -- |
| Exercise | Common Stock, $0.01 Par Value | 5,726 | $0.00 | -- |
| Tax Withholding | Common Stock, $0.01 Par Value | 1,447 | $87.43 | $127K |
Holdings After Transaction:
Time RSUs — 11,452 shares (Direct);
Common Stock, $0.01 Par Value — 8,645 shares (Direct)
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). 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 footnote below. 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 insider transactions did CCI CFO Sunit Patel report in this Form 4?
Sunit S. Patel reported exercising or converting 5,726 Time RSUs into common stock and a related tax-withholding share disposition of 1,447 common shares at $87.43 per share. All transactions occurred on February 19, 2026, and reflect routine equity compensation activity.
What are Time RSUs in the Crown Castle (CCI) Form 4 for Sunit Patel?
The Time RSUs are restricted stock units issued under Crown Castle’s 2022 Long-Term Incentive Plan. Each unit represents a contingent right to receive one common share, generally subject to continued employment or service and other specified criteria described in the footnotes to the filing.
When do Sunit Patel’s Crown Castle Time RSUs vest according to the Form 4?
The Time RSUs were granted on February 26, 2025, and vest in three equal installments. Specifically, 33 1/3% of the original grant amount vests on February 19 of each of 2026, 2027, and 2028, subject to the vesting conditions described in the plan and footnotes.
Does the Crown Castle (CCI) Form 4 indicate open-market buying or selling by the CFO?
The transactions reflect RSU exercise or conversion and share withholding for taxes, not open-market trades. The acquire entries use code M for derivative exercise, while the disposition uses code F, indicating delivery of shares to cover tax liabilities associated with the RSU vesting.