CCI.NYSECrown Castle INC

Form 4: Crown Castle EVP Adams Reports Stock Transactions

Sentiment:

SEC Form 4 Filing

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Edward B. Adams Jr., EVP and General Counsel of Crown Castle, reports the vesting of restricted stock units and associated tax withholding.

Summary

  • On September 10, 2024, Edward B. Adams Jr., EVP and General Counsel of Crown Castle Inc., reported transactions involving Crown Castle common stock.
  • 173 shares were acquired through the vesting of Restricted Stock Units (RSUs).
  • 69 shares were withheld by the issuer to cover tax obligations related to the RSU vesting at a price of $117.54.
  • Following these transactions, Adams directly owns 21,818 shares of Crown Castle common stock.
  • Adams also indirectly owns 831 shares through a 401(k) plan.
  • The RSUs were granted on September 16, 2021, under the company's 2013 Long-Term Incentive Plan and vest in three equal installments on September 10 of 2022, 2023 and 2024.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing insider transactions, which carries a neutral sentiment.

Industry Context

This filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation. It provides transparency into the trading activities of company insiders.

Key Dates

DateDescription
September 16, 2021Date Time RSUs were granted
September 10, 2022First vesting date of Time RSUs (33 1/3%)
September 10, 2023Second vesting date of Time RSUs (33 1/3%)
September 10, 2024Date of reported transactions: RSU vesting and tax withholding
September 11, 2024Date of Form 4 signature

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