CCI.NYSECrown Castle INC

Form 4: Crown Castle EVP and CIO Edmond Chan Reports Stock Transactions

Sentiment:

SEC Form 4

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Edmond Chan, EVP and CIO of Crown Castle, reports the vesting of restricted stock units and subsequent tax withholding.

Summary

  • On April 10, 2024, Edmond Chan, EVP and CIO of Crown Castle Inc., reported transactions involving Crown Castle common stock.
  • Chan acquired 2,260 shares of common stock through the vesting of Restricted Stock Units (RSUs).
  • 520 shares were withheld by the issuer to satisfy tax obligations related to the RSU vesting at a price of $102 per share.
  • Following these transactions, Chan directly owns 1,740 shares of Crown Castle common stock.
  • Chan also holds 11,274 derivative securities in the form of Time RSUs.

Sentiment

Score: 5

Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common practice and required by the SEC to ensure transparency and prevent insider trading.

Stakeholder Impact

  • The transactions have a minimal direct impact on stakeholders, as they represent routine executive compensation adjustments.

Key Dates

DateDescription
04/10/2024Date of stock transactions (RSU vesting and tax withholding).
01/16/2024Date Time RSUs were previously granted.
01/10/2025Date 16.6% of the original grant amount of Time RSUs vests.
01/10/2026Date 33.3% of the original grant amount of Time RSUs vests.
01/10/2027Date 33.4% of the original grant amount of Time RSUs vests.

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