0001051470-23-000037.txt : 20230223 0001051470-23-000037.hdr.sgml : 20230223 20230223175104 ACCESSION NUMBER: 0001051470-23-000037 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230221 FILED AS OF DATE: 20230223 DATE AS OF CHANGE: 20230223 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Adams Edward B JR CENTRAL INDEX KEY: 0001966724 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-16441 FILM NUMBER: 23661357 MAIL ADDRESS: STREET 1: 8020 KATY FREEWAY CITY: HOUSTON STATE: TX ZIP: 77024 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: CROWN CASTLE INC. CENTRAL INDEX KEY: 0001051470 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 760470458 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 8020 KATY FREEWAY CITY: HOUSTON STATE: TX ZIP: 77024 BUSINESS PHONE: 7135703000 MAIL ADDRESS: STREET 1: 8020 KATY FREEWAY CITY: HOUSTON STATE: TX ZIP: 77024 FORMER COMPANY: FORMER CONFORMED NAME: CROWN CASTLE INTERNATIONAL CORP DATE OF NAME CHANGE: 19971215 4 1 wf-form4_167719263007365.xml FORM 4 X0306 4 2023-02-21 0 0001051470 CROWN CASTLE INC. CCI 0001966724 Adams Edward B JR 8020 KATY FREEWAY HOUSTON TX 77024 0 1 0 0 EVP and General Counsel Time RSUs 2023-02-21 4 A 0 7317 0 A Common Stock 7317.0 7317 D Time RSUs 2023-02-22 4 A 0 7301 0 A Common Stock 7301.0 7301 D Performance RSUs 2023-02-22 4 A 0 6919 0 A Common Stock 6919.0 6919 D Performance RSUs 2023-02-22 4 A 0 8088 0 A Common Stock 8088.0 8088 D Each RSU is issued pursuant to the Company's 2022 Long-Term Incentive Plan and represents a contingent right to receive one share of common stock, and vesting (i.e., forfeiture restriction termination) generally is subject to (i) the reporting person remaining an employee or director of the Company or its affiliates and (ii) the other criteria described in the footnote below. These Time RSUs were granted in connection with the Reporting Person's appointment to Executive Vice President and General Counsel. 33 1/3% of these Time RSUs vests on February 10 of each of 2024, 2025 and 2026. 33 1/3% of the Time RSUs vest on February 19 of each of 2024, 2025 and 2026. 0% to 150% of these Relative TSR Performance RSUs may vest on February 19, 2026 based on the Company's annualized total stockholder return ("TSR") performance ranking ("TSR Rank") relative to the constituent companies of the Standard & Poor's 500 Index for the three-year period ending December 31, 2025. The percentage of Relative TSR Performance RSUs that may vest will be (a) 0% if the TSR Rank is below the 30th percentile; (b) 50% if the TSR Rank is at the 30th percentile; (c) 100% if the TSR Rank is at the 55th percentile; and (d) 150% if the TSR Rank is at the 90th percentile or greater. If the TSR Rank is between the 30th and 55th percentiles or between the 55th and 90th percentiles, the percentage of Relative TSR Performance RSUs that may vest is determined using linear interpolation. 0% to 150% of these Absolute TSR Performance RSUs may vest on February 19, 2026 based on the Company's annualized TSR for the three-year period ending December 31, 2025. The percentage of Absolute TSR Performance RSUs that may vest will be (a) 0% if TSR is below 6.5%; (b) 50% if TSR is 6.5%; (c) 100% if TSR is 11.5%; and (d) 150% if TSR is 16.5% or greater. If TSR is between 6.5% and 11.5% or between 11.5% and 16.5%, the percentage of Absolute TSR Performance RSUs that may vest is determined using linear interpolation. /s/ Edward B. Adams, Jr. 2023-02-23