Adams Edward B JR 4
Research Summary
AI-generated summary
Crown Castle (CCI) EVP Edward B. Adams Jr. Vests 10,294 RSUs; 2,757 Withheld
What Happened
Edward B. Adams Jr., EVP and General Counsel of Crown Castle Inc. (CCI), had a total of 10,294 restricted stock units (RSUs) convert to common stock on February 19, 2026 (exercise/conversion reported as derivative activity, code M). The RSUs convert at $0 exercise price. To satisfy tax withholding obligations, 2,757 shares were withheld by the issuer at $87.43 per share (code F), totaling $241,045. That leaves a net of 7,537 shares delivered to Adams (10,294 vested − 2,757 withheld). Using the $87.43 price, the gross value of the vested shares was about $900,004 and the net value after withholding was about $658,960.
Key Details
- Transaction date: February 19, 2026; filing dated February 23, 2026 (reporting period 2026-02-19).
- Vesting/Conversion: 2,434 + 3,598 + 4,262 = 10,294 RSUs converted (each reported as derivative exercise/conversion, code M).
- Tax withholding: 2,757 shares withheld at $87.43/share = $241,045 (reported as code F); withholding exempt from Section 16(b) under Rule 16b-3(e) per the filing.
- Net shares received: 7,537; gross value ≈ $900,004; net value after withholding ≈ $658,960 (values based on $87.43/share used in the filing).
- Footnotes: these were Time RSUs granted under the 2022 Long-Term Incentive Plan with staggered vesting (grants from Feb 22, 2023; Feb 21, 2024; Feb 26, 2025 — each with 33 1/3% tranches). Some prior transactions referenced as exempt under Rule 16b-3(c) per the filing.
- Shares owned after the transaction: not specified in the provided summary of the Form 4.
Context
These entries reflect routine compensation vesting (RSU conversion) rather than an open‑market buy or sell. The withholding of shares to satisfy tax obligations is a common net-settlement practice (similar to a cashless exercise) and is not itself a directional market bet. The derivative code (M) here indicates conversion/exercise of RSU awards with no out-of-pocket exercise price (reported as $0).