LTI AT CROWN CASTLE

Time-based RSUs.

Time-based restricted stock units (RSUs) are a type of long-term incentive that are awarded to you in the form of company shares of stock. As the RSUs vest, they become yours over time.

Starts delivering value in 12 months
(Vests over 3 years in thirds. 25% faster than our peers).

How it works.

1

You receive an LTI award that includes time-based RSUs and accept the grant. Details will be communicated to you on how to accept your grant.

2

The RSUs vest over time. Ownership of the shares you have been awarded. Once vested, shares are yours to hold or sell as you choose. Taxes may be due upon vesting. Consult your financial advisor to decide how to pay the taxes.

3

As RSUs vest, they convert to shares of company stock in your name and are delivered to your personal Charles Schwab account. Note: Tax laws vary by country.

4

You can sell shares or choose to hold for even greater growth (if the stock price increases).

How LTI vests.

You deserve frequent opportunities to share in the company’s success.

You earn rights to the shares of stock represented by your LTI award in regular increments over time. It’s not an “all or nothing” proposition. Starting in 12 months, our Time-based RSUs vest across 3 years: 33.33% at 1 year, 33.33% at 2 years and 33.33% at 3 years.

The grant date is the date on which you are granted the stock.

  • FOR
    EXAMPLE

    Example for education purposes only. Fictional past performance is no guarantee of future results.

    You received a $20,000 LTI award delivered as time-based RSUs. The company stock price was $133.33 per share, so the award was equal to 150 shares.

  • The company stock price rose to $160 per share over the next 3 years.

  • In this example, a $20,000 LTI award increased by $4,000 (+20% change) when it fully vested.

    Multiply the shares (120) by the market price ($200) for a total value of $24,000, minus taxes.

KEY FEATURES

  • Regular Vesting

    Our RSUs vest and are delivered to your personal Charles Schwab account in regular intervals of time, so you gain ownership in regular intervals

  • Stable Value

    Once vested, your award converts to the number of shares issued on your grant date. Depending on trading prices when you sell, actual value can be more or less than the dollar value estimated originally when the award was issued