PATEL SUNIT S 4
4 · CROWN CASTLE INC. · Filed Feb 23, 2026
Research Summary
AI-generated summary of this filing
Crown Castle (CCI) CFO Sunit Patel Receives RSU Shares; Withholds for Taxes
What Happened
CFO Sunit S. Patel had 5,726 time-based RSUs convert into common shares on Feb 19, 2026 (no cash exercise price). Of those, 1,447 shares were withheld by the company to satisfy tax withholding (~$87.43/share, totaling $126,511), leaving a net delivery of 4,279 shares to Patel. The total value of the vested RSUs at $87.43/share was roughly $500,624, so the net value received was about $374,113.
Key Details
- Transaction date: Feb 19, 2026; Form filed Feb 23, 2026 (filed 4 days after the transaction). Timeliness flag not provided in the supplied data.
- Price used for tax withholding: $87.43 per share.
- Shares: 5,726 RSUs vested; 1,447 shares withheld for taxes (F), net 4,279 shares delivered.
- Reporting codes: M = exercise/conversion of derivative (RSU conversion), F = shares withheld to satisfy tax liability. Withholding exempt under Rule 16b-3(e) (footnote F1).
- Plan and vesting: RSUs issued under the 2022 Long-Term Incentive Plan (F2). These are time RSUs granted Feb 26, 2025 with 33 1/3% vesting on Feb 19 of 2026, 2027 and 2028 (F3).
- Shares owned after transaction: not specified in the provided filing details.
Context
These were time-based RSUs vesting (a non-cash compensation event), not an open-market purchase or discretionary sale. The share withholding to cover taxes is a routine, administrative action and is treated as exempt from short-swing profit rules under Rule 16b-3(e). For investors, such vesting events are routine compensation-related activity and do not necessarily signal the insider’s view of the company’s stock.
Insider Transaction Report
- Exercise/Conversion
Common Stock, $0.01 Par Value
2026-02-19+5,726→ 8,645 total - Tax Payment
Common Stock, $0.01 Par Value
[F1]2026-02-19$87.43/sh−1,447$126,511→ 7,198 total - Exercise/Conversion
Time RSUs
[F2][F3]2026-02-19−5,726→ 11,452 total→ Common Stock (5,726 underlying)
Footnotes (3)
- [F1]Represents shares withheld by the issuer to satisfy the reporting person's tax withholding obligation in connection with the vesting of certain Restricted Stock Units ("RSUs") previously granted to the reporting person. Such withholding is exempt from Section 16(b) pursuant to Rule 16b-3(e).
- [F2]Each RSU was issued pursuant to the Crown Castle Inc. ("Company") 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 footnote below.
- [F3]These Time RSUs were previously granted on February 26, 2025. 33 1/3% of the original grant amount of these Time RSUs vest on February 19 of each of 2026, 2027 and 2028.