4//SEC Filing
Nichol Laura B 4
Accession 0001051470-23-000063
CIK 0001051470other
Filed
Feb 23, 7:00 PM ET
Accepted
Feb 24, 5:44 PM ET
Size
11.0 KB
Accession
0001051470-23-000063
Insider Transaction Report
Form 4
Nichol Laura B
EVP - Business Support
Transactions
- Award
Performance RSUs
2023-02-22+4,695→ 4,695 total→ Common Stock (4,695 underlying) - Award
Time RSUs
2023-02-22+4,954→ 4,954 total→ Common Stock (4,954 underlying) - Award
Performance RSUs
2023-02-22+5,488→ 5,488 total→ Common Stock (5,488 underlying)
Footnotes (4)
- [F1]Each RSU is issued pursuant to the Company's 2022 Long-Term Incentive Plan and represents a contingent right to receive one share of common stock, and vesting (i.e., forfeiture restriction termination) generally is subject to (i) the reporting person remaining an employee or director of the Company or its affiliates and (ii) the other criteria described in the footnotes herein.
- [F2]33 1/3% of the Time RSUs vest on February 19 of each of 2024, 2025 and 2026.
- [F3]0% to 150% of these Relative TSR Performance RSUs may vest on February 19, 2026 based on the Company's annualized total stockholder return ("TSR") performance ranking ("TSR Rank") relative to the constituent companies of the Standard & Poor's 500 Index for the three-year period ending December 31, 2025. The percentage of Relative TSR Performance RSUs that may vest will be (a) 0% if the TSR Rank is below the 30th percentile; (b) 50% if the TSR Rank is at the 30th percentile; (c) 100% if the TSR Rank is at the 55th percentile; and (d) 150% if the TSR Rank is at the 90th percentile or greater. If the TSR Rank is between the 30th and 55th percentiles or between the 55th and 90th percentiles, the percentage of Relative TSR Performance RSUs that may vest is determined using linear interpolation.
- [F4]0% to 150% of these Absolute TSR Performance RSUs may vest on February 19, 2026 based on the Company's annualized TSR for the three-year period ending December 31, 2025. The percentage of Absolute TSR Performance RSUs that may vest will be (a) 0% if TSR is below 6.5%; (b) 50% if TSR is 6.5%; (c) 100% if TSR is 11.5%; and (d) 150% if TSR is 16.5% or greater. If TSR is between 6.5% and 11.5% or between 11.5% and 16.5%, the percentage of Absolute TSR Performance RSUs that may vest is determined using linear interpolation.
Documents
Issuer
CROWN CASTLE INC.
CIK 0001051470
Entity typeother
Related Parties
1- filerCIK 0001847087
Filing Metadata
- Form type
- 4
- Filed
- Feb 23, 7:00 PM ET
- Accepted
- Feb 24, 5:44 PM ET
- Size
- 11.0 KB