Levendos Christopher 4

What Happened

• Christopher Levendos, EVP & COO – Fiber at Crown Castle (CCI), had time-based RSUs vest and convert into shares on February 19, 2026. Three vested awards converted into a total of 15,702 shares (no exercise price). The company withheld 4,520 of those shares to satisfy the reporting person’s tax withholding obligation, valued at $87.43 per share for a withholding of $395,184. Net shares delivered to Levendos were 11,182.

Key Details

• Transaction date: February 19, 2026 (Form 4 filed February 23, 2026).
• Reported events: Exercise/conversion of derivative/vested RSUs (code M) and share withholding to cover taxes (code F).
• Price/exercise info: RSUs had $0 exercise price; withholding calculated at $87.43 per share (4,520 shares → $395,184).
• Shares acquired (gross): 15,702; shares withheld: 4,520; net shares received: 11,182.
• Shares owned after transaction: Not disclosed in the filing.
• Notable footnotes: Withholding represents shares withheld by the issuer to satisfy tax withholding (exempt under Rule 16b-3(e)). The RSUs were granted under the Company’s 2022 Long-Term Incentive Plan; the awards include time-based RSUs originally granted in 2023, 2024 and 2025 that vest in thirds on Feb 19 of applicable years (see filing footnotes F3–F6).
• Filing timeliness: Form 4 was filed on Feb 23 for a Feb 19 transaction (filed four days later); this appears later than the typical two-business-day Form 4 reporting window.

Context

• These transactions reflect standard vesting and settlement of company RSU compensation (conversion of restricted stock units into shares), not an open-market purchase or sale for investment reasons. The share withholding to cover taxes is a routine cashless settlement method and is commonly exempt under Rule 16b-3(e).