[Form 4] CROWN CASTLE INC. Insider Trading Activity

Rhea-AI Filing Summary

Crown Castle (CCI) insider filing reports that Christian H. Hillabrant, serving as a director and newly appointed President and CEO effective 09/15/2025, received awards of time-restricted stock units (RSUs) on 09/15/2025. The filing shows two grants totaling 95,418 Time RSUs (22,020 and 73,398) with an exercise/price of $0 and listed as direct ownership. Vesting for each grant is 33.33% on September 15 of 2026, 2027 and 2028. The larger award is described as a one-time make-whole grant tied to his CEO appointment. The form is signed 09/18/2025.

Positive

• New CEO appointment accompanied by equity grants aligning leadership incentives with shareholder value
• Substantial RSU package (95,418 RSUs) with multi-year vesting to support retention
• Make-whole award clearly disclosed as tied to the reporting person's appointment as President and CEO

Negative

• None.

Insights

Financial Analyst

TL;DR: New CEO Hillabrant received substantial time-based RSUs (95,418 shares) vesting over three years, aligning pay with retention and performance.

The award structure—split into standard and a one-time make-whole grant—signals the company's intent to retain and equate prior compensation on appointment. Total granted RSUs convert to common stock at $0, implying stock-settled awards rather than cash exercise. Vesting at one-third annually from 2026 to 2028 spreads dilution and aligns incentives with multi-year tenure. This is materially relevant to investors monitoring executive compensation, potential share count changes, and leadership transition execution.

Corporate Governance Expert

TL;DR: The filing documents standard time-based equity and a make-whole award tied to the CEO appointment; vesting is time-conditioned over three years.

The disclosure is clear about grant mechanics and vesting schedule and identifies the make-whole nature of the larger award related to the reporting person's CEO start date. The direct ownership reporting and manual signature fulfill Section 16 transparency. The filing does not disclose additional performance conditions or retention clauses beyond employment status, so governance implications depend on the company’s broader compensation philosophy published elsewhere.

SEC Form 4

FORM 4

UNITED 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).

1. Name and Address of Reporting Person^*

Hillabrant Christian H

(Last) (First) (Middle)

8020 KATY FREEWAY

(Street)

HOUSTON TX 77024

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CROWN CASTLE INC. [ CCI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Time RSUs	(1)	09/15/2025		A		22,020		(2)	(2)	Common Stock	22,020	$0	22,020	D
Time RSUs	(1)	09/15/2025		A		73,398		(3)	(3)	Common Stock	73,398	$0	73,398	D

Explanation of Responses:

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 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.

2. 33 1/3% of these Time RSUs vest on September 15 of each of 2026, 2027 and 2028.

3. Represents a one-time award of make-whole Time RSUs granted in connection with the reporting person's appointment as President and Chief Executive Officer, effective September 15, 2025. 33 1/3% of these Time RSUs vest on September 15 of each of 2026, 2027 and 2028.

Remarks:

	/s/ Christian H Hillabrant	09/18/2025
	** Signature of Reporting Person	Date
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.

FAQ

What RSU awards did CCI CEO Christian Hillabrant receive?

The filing shows two Time RSU grants on 09/15/2025 of 22,020 and 73,398 RSUs, totaling 95,418 RSUs.

When do Hillabrant's RSUs vest?

Each grant vests 33.33% on September 15 of 2026, 2027 and 2028, per the filing.

Are the RSUs exercised for cash or stock and what price is listed?

The RSUs are reported as converting to common stock with a reported price of $0, indicating stock-settled restricted stock units.

Why was a larger RSU award granted to Hillabrant?

The filing states the 73,398 RSU award is a one-time make-whole grant granted in connection with his appointment as President and CEO effective 09/15/2025.

What form and signature date are on the filing?

This is an SEC Form 4 signed by Christian H. Hillabrant on 09/18/2025.