Jason Genrich
About Jason Genrich
Jason Genrich (age 38) is an independent director of Crown Castle Inc. (CCI) since 2024. He is a Senior Portfolio Manager (since 2022) and Equity Partner (since 2024) at Elliott Investment Management, with prior roles at GTCR (TMT private equity) and Evercore (Technology M&A). He holds a B.B.A. from the University of Michigan’s Ross School of Business and brings telecom/digital infrastructure, technology/M&A, and financial analysis expertise to the board .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Elliott Investment Management L.P. | Senior Portfolio Manager; Equity Partner | 2022–present; Equity Partner since 2024 | Led/participated in large transactions; deep TMT investing experience |
| Elliott Investment Management L.P. | Portfolio Manager | 2018–2022 | Focused on digital infrastructure and telecom investments |
| Elliott Investment Management L.P. | Analyst & Associate Portfolio Manager | 2014–2018 | Fundamental analysis, modeling, market research |
| GTCR, LLC | Associate, TMT Private Equity | 2011–2014 | Transactions across towers, fiber, cable, broadband |
| Evercore Partners | Analyst, Technology M&A | 2009–2011 | Worked on large-scale deals including $16.5B Citrix take-private and Western Digital convertible preferred |
External Roles
| Organization | Role | Tenure |
|---|---|---|
| Switch, Inc. (NYSE: SWCH; acquired by DigitalBridge/IFM in 2022) | Director | 2021–2022 |
| Cloud Software Group | Director | 2022–present |
| GoTo Group, Inc. | Director | 2022–present |
| Travelport Worldwide Ltd. | Director | 2019–present |
Board Governance
- Committee assignments: CEO Search Committee (member), Fiber Review Committee (member), Finance Committee (member) .
- Independence: The Board affirmatively determined all nominees standing for election, including Genrich, are independent under NYSE standards .
- Attendance and engagement: In 2024 the Board held 22 meetings; each incumbent director attended at least 75% of Board and applicable committee meetings and all directors serving at the time attended the 2024 annual meeting .
- Time commitments policy: Limits include ≤4 public company boards without approval; annual NESG review affirmed all directors comply; prior approval required for additional audit committee seats; service must align with conflict policies .
| Committee | Role | Meetings in 2024 |
|---|---|---|
| Fiber Review Committee | Member | 19 |
| CEO Search Committee | Member | 11 (dissolved in May 2024; reinstated Mar 23, 2025) |
| Finance Committee | Member | 3 (formed May 22, 2024) |
Fixed Compensation
- Structure (2024): Board cash retainer $85,000; committee member retainers paid per committee; annual equity grant of unrestricted common stock valued at ~$230,000 (non-chair); initial equity grant for newly appointed directors ~$90,000; Board Chair annual equity grant increased to $380,000; committee retainers added for Fiber Review, CEO Search, and Finance committees to remain competitive .
| Component (2024) | Amount ($) | Notes |
|---|---|---|
| Board Retainer | 85,000 | Annual cash retainer |
| Finance Committee Member Retainer | 5,000 | Member retainer |
| Fiber Review Committee Member Retainer | 12,500 | Member retainer |
| CEO Search Committee Member Retainer | 5,000 | Member retainer |
| Total Cash Fees | 107,500 | Sum of Board + Committee retainers |
| Stock Awards | 319,890 | Annual grant and initial grant (see next table) |
| All Other Compensation | — | None reported |
| Total Director Compensation | 427,390 | Cash + stock; 2024 |
Director equity award details:
| Grant | Date | Shares (#) | Price ($) | Fair Value ($) |
|---|---|---|---|---|
| Annual Equity Grant | Feb 21, 2024 | 2,135 | 107.69 | 229,918 |
| Initial Equity Grant (upon appointment) | Jan 8, 2024 | 784 | 114.76 | 90,000 (approx.) |
| Total Stock Awards (reported) | 2024 | — | — | 319,890 |
Committee retainer rates (2024):
| Committee | Chair ($) | Member ($) |
|---|---|---|
| Audit | 30,000 | 15,000 |
| CEO Search | 20,000 | 10,000 |
| CHC (Compensation & Human Capital) | 25,000 | 12,500 |
| Fiber Review | 25,000 | 12,500 |
| Finance | 20,000 | 10,000 |
| NESG | 20,000 | 10,000 |
| Strategy (dissolved May 2024) | 20,000 | 10,000 |
Performance Compensation
- Non-employee director pay is not performance-based; equity grants are unrestricted shares, and the company does not currently grant stock options; no performance metrics are disclosed or tied to director compensation .
- Clawback policies (Recovery Policy and legacy Recoupment Policy) apply to executives; not disclosed as applicable to directors .
Other Directorships & Interlocks
- Elliott association: Under SEC rules, Elliott is an “associate” of Genrich; Elliott beneficially owns 1,225,000 CCI shares per its Form 13F as of Feb 14, 2025; this is disclosed in the beneficial ownership table footnote (e) .
- Cooperation Agreement: CCI entered a Cooperation Agreement with Elliott in Dec 2023 that led to establishing the Fiber Review and CEO Search Committees (January 2024), with subsequent changes in May 2024 (dissolutions/Finance Committee formation); CEO Search Committee was reinstated in March 2025 .
Expertise & Qualifications
- Wireless/Telecom: Extensive sector knowledge across towers, fiber, cable MSOs, broadband infrastructure, and telecom equipment vendors from Evercore, GTCR, and Elliott experience .
- Technology & M&A: Deep insights across TMT, including large-scale transactions (e.g., $16.5B Citrix take-private and Western Digital preferred investment), supported by investment banking and hedge fund roles and multiple tech/digital infrastructure board seats .
- Financial: In-depth capital markets expertise, fundamental analysis, modeling, and transactional analysis .
Equity Ownership
| Shares Beneficially Owned (#) | Percent of Outstanding | As-of Date | Notes |
|---|---|---|---|
| 5,551 | <1% | March 26, 2025 | Elliott is an associate of Genrich; Elliott beneficially owns 1,225,000 CCI shares |
- Director stock ownership guideline: Non-employee directors should seek to maintain by the fifth anniversary beneficial ownership equal to 3× the Annual Equity Grant value (currently $230,000); guidelines are similar to executive retention policies .
- Anti-hedging/anti-pledging: Directors and executive officers are prohibited from hedging and pledging CCI securities, including margin accounts .
- Section 16(a) compliance: Company disclosed Genrich did not timely file two reports for two transactions during 2024 .
Insider reporting summary:
| Issue | Count | Period |
|---|---|---|
| Late Section 16(a) filings by Genrich | 2 | 2024 |
Governance Assessment
- Independence and engagement: Board determined Genrich is independent; he served on high-impact committees (Fiber Review, CEO Search, Finance) during a period of strategic review and CEO transitions; board-level attendance met ≥75% threshold for all incumbents; directors attended the annual meeting .
- Alignment and incentives: Director pay mix skews toward equity (stock awards $319,890 vs cash $107,500 for 2024), supporting alignment, with ownership guidelines requiring 3× annual equity grant value over five years; anti-hedging/pledging policies further reinforce alignment .
- Potential conflicts (monitoring focus): Genrich’s association with Elliott, a significant CCI holder, and the Cooperation Agreement shaping board committees are governance-relevant; however, CCI maintains related-party review and recusal policies via NESG to mitigate conflicts .
- RED FLAGS: Two late Section 16(a) filings for 2024 indicate a compliance lapse; continued monitoring of timely reporting and any related-party transactions is warranted .
- Compensation governance: Director compensation was reviewed against peers and adjusted (committee retainers added; Chair equity grant increased), reflecting responsiveness to market benchmarks; committee scope and meeting cadence suggest active oversight in finance, fiber strategic alternatives, and CEO succession .