Izenstark Gregory A. 4

What Happened

• Gregory A. Izenstark, Chief Financial Officer of Centuri Holdings, Inc. (CTRI), was granted 11,309 restricted stock units (RSUs) on Feb 17, 2026 and had 16,111 performance stock units from a 2025 award converted/recognized as earned RSUs on the same date. All transactions show $0.00 price (no cash paid or received).
• The 16,111 RSUs were earned after the board certified achievement of the first performance period at 105.1% of target. These earned RSUs are subject to future vesting based on continued service and additional certification for the second performance period.

Key Details

• Transaction date: February 17, 2026. Transaction codes: A = award/grant (11,309 RSUs); M = exercise/conversion of derivative (16,111 performance RSUs recognized as earned).
• Reported price/value: $0.00 for the RSU grant and the conversion (no cash exchanged).
• Shares/RSUs beneficially owned after the report: 74,565 total reported beneficial units (includes 32,583 shares of common stock, 30,673 previously reported RSUs, and the 11,309 new RSUs reflected in this filing).
• Notable footnotes: Board certified first performance period at 105.1%, producing 16,111 earned RSUs. Earned RSUs and RSU grants may only be settled by delivery of common stock and vest based on continued service and future certification for the second performance period.
• Filing timeliness: No late filing indication provided (no "L" flag).

Context

• These entries are awards/settlement of performance units, not open‑market purchases or sales; no shares were sold. The derivative "exercise/conversion" entries reflect conversion/recognition of performance units into RSUs (not a cashless sale).
• RSUs and earned performance units typically convert to shares only after vesting and any required certification; they represent compensation rather than direct insider buying/selling.