Crown Castle (NYSE: CCI) EVP reports stock award and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CROWN CASTLE INC. executive Catherine Piche, EVP & COO-Towers, reported routine equity compensation activity involving company common stock. She received 5,031 shares as a stock award at no cost after performance criteria were satisfied, increasing her direct holdings to 22,691 shares.
On the same date, 2,186 shares were withheld by the issuer at $88.78 per share to cover her tax obligations, a non-market disposition that reduced her direct holdings to 20,505 shares before the award entry. She also holds 48 shares indirectly through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Piche Catherine
Role
EVP & COO-Towers
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, $0.01 Par Value | 5,031 | $0.00 | -- |
| Tax Withholding | Common Stock, $0.01 Par Value | 2,186 | $88.78 | $194K |
| holding | Common Stock, $0.01 Par Value | -- | -- | -- |
Holdings After Transaction:
Common Stock, $0.01 Par Value — 22,691 shares (Direct, null);
Common Stock, $0.01 Par Value — 48 shares (Indirect, By 401(K) Plan)
Footnotes (1)
- Represents stock acquired upon the satisfaction of performance criteria underlying an award of performance restricted stock units. Represents shares withheld by the issuer to satisfy the reporting person's tax withholding. Represents shares previously acquired in transactions exempt under Rule 16b-3(c).
Key Figures
Stock award shares: 5,031 shares
Tax withholding shares: 2,186 shares
Tax withholding price: $88.78 per share
+3 more
6 metrics
Stock award shares
5,031 shares
Performance-based grant of common stock
Tax withholding shares
2,186 shares
Shares withheld to satisfy tax obligations
Tax withholding price
$88.78 per share
Value applied to 2,186 withheld shares
Direct shares after award
22,691 shares
Direct CCI holdings following stock award
Direct shares after withholding
20,505 shares
Direct CCI holdings after tax withholding entry
Indirect 401(k) holdings
48 shares
CCI shares held indirectly via 401(k) plan
Key Terms
performance restricted stock units, tax withholding, Rule 16b-3(c)
3 terms
performance restricted stock units financial
"Represents stock acquired upon the satisfaction of performance criteria underlying an award of performance restricted stock units."
Performance restricted stock units (PRSUs) are promises to deliver company shares to employees or executives only if the business meets specific performance targets and any time-based holding rules. Think of them as a bonus that converts into stock only after set goals are reached, so investors watch PRSUs for two reasons: they can dilute existing shares if paid out, and they signal how closely management’s pay is tied to company performance.
tax withholding financial
"Represents 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.
Rule 16b-3(c) regulatory
"Represents shares previously acquired in transactions exempt under Rule 16b-3(c)."
An SEC rule that lets corporate insiders avoid automatic "short‑swing" profit recovery when they buy or sell their company’s stock under a pre‑approved, written plan that meets specific conditions. For investors, it matters because it clarifies when insider trades are treated as routine, reducing legal uncertainty and helping distinguish trades made for ordinary compensation or pre‑planned reasons from those that might signal opportunistic or timely insider advantage.
FAQ
What insider transactions did Catherine Piche report at CCI?
Catherine Piche reported a stock award of 5,031 Crown Castle shares and a tax-withholding disposition of 2,186 shares. The withheld shares covered tax obligations, while the award increased her overall direct ownership position in company common stock.
How were the performance restricted stock units described in the CCI filing?
The filing explains that the reported 5,031 shares were acquired upon satisfaction of performance criteria underlying an award of performance restricted stock units. Once criteria were met, these units converted into common shares granted to Catherine Piche.