|4Feb 23, 5:28 PM ET

Collins Robert Sean 4

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Crown Castle (CCI) VP Robert Collins Receives RSU Shares; 1,054 Withheld

What Happened

  • Robert Sean Collins, Vice President and Controller of Crown Castle Inc. (CCI), had restricted stock units (RSUs) convert into 3,389 shares on February 19, 2026 (three conversion events: 1,467; 796; 1,126 shares). These conversions are reported as exercise/conversion of derivatives (code M) at $0.00 per share.
  • To satisfy tax withholding on the vesting, 1,054 shares were withheld and treated as a disposition (code F) at an effective price of $87.43 per share, totaling $92,151. After withholding, Collins received a net of 2,335 shares (3,389 converted minus 1,054 withheld).

Key Details

  • Transaction date: February 19, 2026.
  • Conversion price: $0.00 (RSU conversions); tax withholding treated at $87.43/share for 1,054 shares = $92,151.
  • Net new shares delivered to insider after withholding: 2,335 shares.
  • Footnotes: Withholding shares were used to satisfy the reporting person’s tax obligation on RSU vesting and are exempt from Section 16(b) under Rule 16b-3(e). The RSUs were granted under the Company’s 2022 Long-Term Incentive Plan and came from grants made in 2023, 2024 and 2025 with scheduled vesting tranches.
  • Shares owned after the transaction are not disclosed in this Form 4.
  • Filing timeliness: No late filing indicator noted on the disclosed Form 4.

Context

  • This is a routine vesting of RSUs (award conversion), not an open-market buy or voluntary sale. The withholding of shares to cover taxes is a common, administrative settlement (often called a cashless/net-settlement) and does not necessarily indicate a buying or selling decision by the insider.
  • Transaction codes: M = exercise/conversion of derivative (RSU conversion to shares); F = shares withheld to pay tax withholding.