PATEL SUNIT S 4

What Happened
Sunit S. Patel, Chief Financial Officer of Crown Castle Inc. (CCI), had 9,649 restricted stock units (RSUs convert/vest) on April 10, 2026. The RSUs converted into 9,649 shares (gross value ≈ $835,314 at $86.57/share). To satisfy tax withholding, 3,797 shares were withheld (disposed) valued at $86.57 each, totaling $328,706, leaving a net ~5,852 shares retained (net value ≈ $506,608).

Key Details

• Transaction dates: April 10, 2026 (reported on Form 4 filed April 14, 2026). Filing appears timely (filed within the required two business days).
• Transaction types recorded: M = conversion/exercise of derivative (RSU conversion to shares); F = shares withheld to satisfy tax withholding.
• Share counts & prices: 9,649 shares converted @ $0.00 exercise price (RSU conversion); 3,797 shares withheld @ $86.57/share = $328,706. Gross value of vested shares ≈ $835,314.
• Net shares received: 9,649 − 3,797 = 5,852 shares (net value ≈ $506,608).
• Footnotes: F1 = issuer withheld shares to satisfy tax withholding; F2 = RSUs issued under the Crown Castle 2022 Long‑Term Incentive Plan; F3 = these are time‑vested RSUs with 33 1/3% vesting on April 10 of 2026, 2027 and 2028.
• Shares owned after the transaction: not disclosed in the filing.

Context

• This was a scheduled vesting of time‑based RSUs (not an open‑market buy or sale). The withholding of shares to cover taxes is a common administrative step and does not by itself indicate a change in insider sentiment.
• For derivative transactions: the M code here reflects conversion of RSUs into shares; the F code shows shares withheld to satisfy tax obligations (a cashless-withholding type of settlement).