Form 4: Crown Castle Executive Schlanger Reports Stock Transactions
SEC Form 4 Filing
Daniel K. Schlanger, EVP & Chief Financial Officer of Crown Castle Inc., reports the vesting and withholding of shares related to Restricted Stock Units (RSUs).
Summary
- On February 19, 2025, Daniel K. Schlanger, EVP & Chief Financial Officer of Crown Castle Inc., reported transactions involving common stock and Restricted Stock Units (RSUs).
- These transactions include the vesting of RSUs granted in 2022, 2023 and 2024, resulting in the acquisition of 2,428, 3,585 and 5,117 shares of common stock, respectively.
- A total of 2,814 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, Schlanger directly owns 130,571 shares of common stock and indirectly owns 921 shares through a 401(k) plan.
- He also holds 3,586 and 10,235 Time RSUs.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock 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 executive's holdings and transactions in the company's stock.
Comparison to Industry Standards
- Executive compensation packages often include stock options and RSUs to align management's interests with those of shareholders.
- Vesting schedules and tax withholding practices are standard components of these compensation plans.
- Similar filings are regularly made by executives at comparable companies such as American Tower (AMT) and SBA Communications (SBAC).
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they primarily reflect the vesting of previously granted compensation.
- The disclosure provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| February 17, 2022 | Time RSUs were previously granted. |
| February 22, 2023 | Time RSUs were previously granted. |
| February 21, 2024 | Time RSUs were previously granted. |
| February 19, 2025 | Date of transactions: vesting of RSUs and tax withholding. |
| February 19, 2025 | 33 1/3% of the original grant amount of these Time RSUs vested. |
| February 20, 2025 | Date of signature. |
Keywords
Form 4, Crown Castle, CCI, Daniel K. Schlanger, EVP & Chief Financial Officer, Restricted Stock Units, RSUs, Stock Options, Beneficial Ownership, Insider Trading
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