Form 4: Crown Castle EVP and CIO Edmond Chan Reports Stock Transactions
SEC Form 4 Filing
Edmond Chan, EVP and CIO of Crown Castle, reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- Edmond Chan, an Executive Vice President and Chief Information Officer at Crown Castle Inc., filed a Form 4 detailing changes in beneficial ownership of company stock.
- On January 10, 2025, Chan vested 2,247 shares of common stock through the vesting of Time-Based Restricted Stock Units (RSUs).
- 640 shares were withheld by the issuer to cover tax obligations related to the RSU vesting at a price of $87.5 per share.
- Following these transactions, Chan directly owns 3,347 shares of Crown Castle common stock and 9,027 derivative securities (RSUs).
Sentiment
Score: 5
Explanation: This is a routine transaction disclosure, neither particularly positive nor negative.
Future Outlook
Future vesting of the Time RSUs is scheduled for January 10, 2026, and January 10, 2027.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies like Crown Castle.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| January 16, 2024 | Date Time RSUs were previously granted. |
| April 10, 2024 | 16.7% of the original grant amount of Time RSUs vested. |
| January 10, 2025 | Vesting of 2,247 shares and tax withholding occurred; 16.6% of the original grant amount of Time RSUs vested. |
| January 10, 2026 | 33.3% of the original grant amount is scheduled to vest. |
| January 10, 2027 | 33.4% of the original grant amount is scheduled to vest. |
| January 14, 2025 | Date of signature for the Form 4 filing. |
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