Form 4: Crown Castle EVP Exercises and Disposes of Restricted Stock Units
SEC Form 4 Filing
Christopher Levendos, EVP & COO Fiber at Crown Castle Inc., reports the vesting and subsequent tax withholding of restricted stock units (RSUs) on February 19, 2025.
Summary
- On February 19, 2025, Christopher Levendos, EVP & COO Fiber at Crown Castle Inc., executed transactions involving restricted stock units (RSUs).
- Levendos vested 2,678 RSUs from a grant on February 17, 2022, 3,911 RSUs from a grant on February 22, 2023, and 5,396 RSUs from a grant on February 21, 2024.
- The vesting of these RSUs resulted in the acquisition of common stock.
- 3,087 shares were withheld by the issuer to cover tax obligations related to the vesting of the RSUs at a price of $89.31 per share.
- Following these transactions, Levendos directly owns 21,110 shares of Crown Castle Inc. common stock and indirectly owns 343 shares through a 401(k) plan.
- The RSUs were granted under the company's 2013 and 2022 Long-Term Incentive Plans, with vesting contingent upon continued employment and other criteria.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard insider transaction related to equity compensation.
Industry Context
This filing is a routine disclosure of insider transactions, common for executives holding company stock and equity-based compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it's a routine executive compensation matter.
Key Dates
| Date | Description |
|---|---|
| 02/17/2022 | Date of original grant of 2,678 Time RSUs, 33 1/3% of which vested on February 19 of each of 2023, 2024 and 2025. |
| 02/22/2023 | Date of original grant of 3,911 Time RSUs, 33 1/3% of which vest on February 19 of each of 2024, 2025 and 2026. |
| 02/21/2024 | Date of original grant of 5,396 Time RSUs, 33 1/3% of which vest on February 19 of each of 2025, 2026 and 2027. |
| 02/19/2025 | Date of transaction: Vesting of RSUs and withholding of shares for taxes. |
| 02/20/2025 | Date of Form 4 filing. |
Keywords
Form 4, Christopher Levendos, Crown Castle Inc., CCI, Restricted Stock Units, RSUs, Vesting, EVP & COO Fiber, Insider Trading
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