Adams Edward B JR 4
Research Summary
AI-generated summary
Crown Castle (CCI) EVP Edward B. Adams Jr Sells Shares, Receives RSUs
What Happened Edward B. Adams Jr., EVP and General Counsel of Crown Castle Inc. (CCI), disposed of 4,650 common shares in an open‑market sale on February 25, 2026 for aggregate proceeds of about $401,481 (weighted average price $86.34). On the same date he was granted 13,176 Restricted Stock Units (RSUs), a derivative award that represents a contingent right to receive shares upon vesting.
Key Details
- Transaction date: February 25, 2026. Form 4 filed February 27, 2026 (timely within the 2‑business‑day filing window).
- Sale: 4,650 shares sold; weighted average sale price $86.34 (per‑share sale prices in the range $86.3301–$86.3600). Proceeds ≈ $401,481. (Footnote F1)
- Grant: 13,176 RSUs awarded (reported as a derivative award at $0.00 acquisition price). (Footnote F3)
- Shares owned after transaction: not specified in the information provided in this summary (not disclosed in the excerpt).
- Footnote highlights:
- F2 notes certain shares were previously acquired in transactions exempt under Rule 16b‑3(c).
- F3 explains each RSU is a contingent right to one share, subject to continued service and other conditions.
- F4 indicates the time‑based RSUs vest 33 1/3% on Feb 19 of 2027, 2028 and 2029.
Context The sale was an open‑market disposition (reported as code “S”) and the RSU grant (code “A”) is a time‑based award — these RSUs do not convert to stock until vesting conditions are met. Sales by executives can be routine (e.g., for diversification or liquidity); the filing itself is factual and does not indicate motivation.