Adams Edward B JR 4
Research Summary
AI-generated summary
Crown Castle (CCI) EVP Edward B. Adams Jr. Receives 2,440 Shares
What Happened
Edward B. Adams Jr., EVP and General Counsel of Crown Castle (CCI), had 2,440 restricted stock units (RSUs) vest on Feb 10, 2026 and those RSUs converted into 2,440 shares of common stock. To satisfy tax withholding, 672 of those shares were withheld/retired (valued at $84.54 per share, ~$56,811). The net result was the issuance of 2,440 shares from the RSU conversion with 672 shares withheld for taxes.
Key Details
- Transaction date: 2026-02-10 (filed 2026-02-11 — timely filing).
- Vesting/conversion: 2,440 RSUs converted to 2,440 shares (reported as derivative conversion).
- Tax withholding: 672 shares withheld at $84.54/share to cover tax liability (total ~$56,811).
- Implied gross value of vested shares: 2,440 × $84.54 ≈ $206,278.
- Shares owned after transaction: Not specified in the Form 4 filing.
- Footnotes: Withholding is pursuant to the issuer to satisfy tax withholding (exempt from Section 16(b) under Rule 16b-3(e)). RSUs were granted under the Company’s 2022 Long-Term Incentive Plan; these were Time RSUs originally granted Feb 21, 2023 with 1/3 vesting on Feb 10 of 2024, 2025 and 2026.
Context
- This was RSU vesting (conversion of a derivative award), not an open-market purchase or sale. The withholding of shares to satisfy taxes is routine and administrative, not a market sale signal.
- The filing shows conversion and withholding entries typical for vested equity awards; no separate open-market sale of the net shares was reported on this Form 4.